The crypto lending sector imploded in 2022 alongside dwindling asset costs, spurring lenders together with Celsius, BlockFi and Genesis to file for chapter. Centralized lenders corresponding to Ledn are solely simply beginning to shake off unfavorable sentiment left by their demise. Lending in decentralized finance (DeFi), meantime, continued to increase, with the likes of Aave accumulating $10 billion in complete worth locked (TVL).
