Ledn's Mauricio Di Bartolomeo reported that last quarter, the lender achieved $304 million in bitcoin-backed loan originations—three times more than at the market peak in 2021. He emphasized that the demand for borrowing dollars while retaining bitcoin is on the rise, but warned borrowers to exercise caution when choosing lenders. Di Bartolomeo noted, “I would say it’s the demand is exploding.” This positive trend in lending is echoed by other players in the space, such as Maple Finance, which is also experiencing growth in institutional lending. A recent Blockworks Research note highlights the potential for significant loans outstanding in the coming quarters. The resurgence of the custodial lending market and the variety of lending options, including noncustodial bitcoin-backed loans, illustrate a healthy development in the sector. However, Di Bartolomeo highlighted the importance of avoiding past mistakes in the market—emphasizing that the health of the lending sector is crucial for its future success.

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