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$25B crypto lending market now led by ‘transparent’ players: Galaxy

December 1, 2025 by DIGIT
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$25B crypto lending market now led by ‘transparent’ players: Galaxy

CeFi lending markets reached $25 billion in Q3, its highest level in over three years, and the market looked very different then, says Galaxy’s Alex Thorn.

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  • bitcoinBitcoin(BTC)$88,615.00-2.78%
  • ethereumEthereum(ETH)$2,926.86-5.81%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$870.21-4.68%
  • rippleXRP(XRP)$1.89-2.08%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$127.16-1.59%
  • tronTRON(TRX)$0.295191-2.27%
  • staked-etherLido Staked Ether(STETH)$2,925.82-5.81%
  • dogecoinDogecoin(DOGE)$0.122522-2.59%