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Data: Decentralized Finance market borrowing Interest Rate hit a new high since 2022, Aave's net inflow of funds reached $5 billion this week
According to IntoTheBlock data, on December 13th, as users heavily use WBTC and WETH as collateral to borrow stablecoins, the Decentralized Finance lending market has ushered in a new wave of frenzy, with interest rates surpassing 10%, and some projects reaching as high as 40%, setting a new high since the bull market in 2022. The largest lending protocol on the ETH network, Aave, saw a net inflow of $500 million this week.