Based on DL News, the value of loans on decentralized finance protocols surged 55% in the third quarter of 2025, reaching a record $41 billion. A report by Galaxy Digital highlights the rise of onchain lending platforms such as Plasma, Aave, and Maple as key drivers of the growth. DeFi lending applications now hold over 50% of the $74 billion crypto-collateralized lending market. Plasma, a blockchain from Bitfinex, saw over $3 billion in borrowing in the last five weeks, with Aave capturing nearly 70% of those borrows. Aave’s v3 markets also expanded significantly across Base, Scroll, and new layer 2s. Maple also set a new record, expanding its loan book by $630 million in the quarter.
DeFi Lending Surges 55% to $41 Billion in Q3 2025
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