CeFi and DeFi lending markets have significantly rebounded, with CeFi lending up 73% since its low following a substantial drop after the sector's collapse. Galaxy reports that leading players in CeFi lending, including Tether, Galaxy, and Ledn, currently hold a loan book of $9.9 billion, which reflects a recovery from a low of $6.4 billion. At its peak, the sector's total loan book reached $34 billion. Meanwhile, DeFi lending has experienced an astounding 959% increase in open borrows, reaching $19 billion in the same timeframe. This growth can be attributed to the resilience and permissionless nature of blockchain applications. Looking ahead, both CeFi and DeFi lending are expected to benefit from increased institutional adoption and clearer regulatory frameworks, signaling a robust future for cryptocurrency lending services as they bridge traditional finance and blockchain technology.

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