The decentralized finance (DeFi) sector is witnessing significant activity with THORChain at the forefront of developments. Recent data reveals a borrower count of 1,219 and a transaction count of 2,503 on the platform, with total collateral amounting to $72.2 million and total borrowed funds reaching $31.1 million. Notably, THORChain reported over $500 million in daily swap volume, highlighting the platform's growing influence in the DeFi space. Additionally, the surge in Bitcoin Ordinals and inscriptions indicates a rising interest in DeFi activities on Bitcoin, with THORChain and OrdiswapLabs collaborating to target this market. Other platforms like Gondi are also experiencing growth, with $78.6 million in total net originations, 430 NFT loans outstanding, and a weighted average APR of 14.33%. The DeFi lending landscape is further diversified with multiple significant loans being processed, including a notable $865,143 USD deposit on the WBTC market and a $1,175,393 USD deposit on the WETH market. Key transactions include 200.0K $PIXL used as collateral for a 6.0K $USDC loan and 14.1K $NEXT for a 1.8K $USDC loan on arbitrum-one, alongside large loans opened with 3.0 BTC ($205,353) and 89.5 ETH ($344,715) as collateral. The sector also saw 64.9M Rune burned, indicating active participation and engagement within the THORChain ecosystem. With 3968 total loans to date on THORChain, of which 3046 come from THORSwap, accounting for over 76% of all loans and approximately 80% of both collateral and borrowed funds, the platform's dominance in the DeFi lending space is evident.
Just pulled some lending numbers. 3968 total loans to date on THORChain. 3046 come from THORSwap. THORSwap accounts for > 76% of all loans. By volume: $37,685,622 / $46,964,769 Collateral TS/TC (80.24%) $14,550,546 / $18,398,112 Borrowed TS/TC (79.09%) Basically, 80% of all…
Another 7 figure @THORChain loan opened https://t.co/buOUnjdIyq
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🚨 $1,175,393 USD deposit on $WETH market https://t.co/0sE0nUt8c8 Rethink the way you borrow on FiRM today https://t.co/Knt0EC685S
Another MASSIVE month of growth at Gondi with more NFT loan opportunities for both borrowers and lenders! 🚀 Let's dive in 🏊♂️ ✨Debt Outstanding: 5,500 ETH ✨Total Net Originations: $78,600,000 ✨430 NFT Loans Outstanding ✨Weighted Average APR: 14.33% Top collection stats👇 https://t.co/5y71I7z7c3
🚨 $865,143 USD deposit on $WBTC market https://t.co/rXEMmhpPa7 Rethink the way you borrow on FiRM today https://t.co/Knt0EC685S
🏦→ Loan open [0787] Collateral deposited: 89.5 ETH ($344,715) CR: x2.0 Debt: $172,382 Target asset: ETH.USDC https://t.co/1o8nUCcH4E
🏦→ Loan open [00an] Collateral deposited: 3.0 BTC ($205,353) CR: x2.0 Debt: $102,617 Target asset: ETH.USDC https://t.co/1o8nUCcH4E
🔒🔒 14.1K $NEXT used as collateral for a 1.8K $USDC loan on arbitrum-one.💸 https://t.co/xOgICwwfeU https://t.co/Ml9XA39qGJ
What's cooking on THORchain? Highlights & Milestones: ⚡️@THORChain reported over $500m in daily swap volume. ⚡️Bitcoin Ordinals & inscriptions surge, signal interest in DeFi activity on Bitcoin. THORChain & @OrdiswapLabs will work together to target this market. ⚡️Increase… https://t.co/28ksCUhkK5
🔒🔒 200.0K $PIXL used as collateral for a 6.0K $USDC loan on arbitrum-one.💸 https://t.co/uBfnxIrcr7 https://t.co/mNcdoFpm3Z
Lending stats 🙋️ Borrower count: 1,219 📝 Tx count: 2,503 💰 Total collateral: $72.2M 💸 Total borrowed: $31.1M ₿ Btc CR: 2.0x, LTV: 50.0% Ξ Eth CR: 2.0x, LTV: 50.0% ❤️🔥 Rune burned: 64.9Mᚱ https://t.co/1o8nUCcH4E