DeFi Lending Volume Soars to $41B in Q3, Fueled by Airdrop Farming Frenzy
2025-11-24 09:35
BitcoinWorld DeFi Lending Volume Soars to $41B in Q3, Fueled by Airdrop Farming Frenzy Have you ever wondered how DeFi lending volume exploded in the third quarter? According to a report from Galaxy Digital, it skyrocketed to $40.99 billion, marking a massive $14.52 billion increase from the previous quarter. This surge highlights the growing influence of decentralized finance in the crypto world, largely driven by airdrop farming activities that captivated users worldwide. What Drove the DeFi Lending Volume Growth? The rise in DeFi lending volume can be attributed to airdrop incentive programs, which encouraged users to participate in lending protocols. These programs offered free tokens as rewards, creating a buzz that boosted engagement. Moreover, the broader category of crypto-collateralized loans, including DeFi lending, saw a $20.46 billion increase, reaching $73.59 billion. This growth underscores how incentives can fuel market activity in decentralized ecosystems. Why Is Airdrop Farming So Popular? Airdrop...
