Bitcoin Holders Reach Record Lending Volume on Base

Bitcoin holders have reached a record lending volume on Base. The dollar loans collateralized by Bitcoin on Morpho's Base market have increased by approximately 55% this year, totaling $1.6 billion, with borrowing rates dropping from around 7.5% last year to the current 5%. Most of the demand comes from Coinbase customers, with an outstanding loan balance exceeding $1.4 billion in September. These customers are indirectly using DeFi lending services through Coinbase.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.