Active loans on the Ethereum Network have reached a historic up to US$22.6 billion. This milestone shows a significant increase in adoption of decentralized loan protocols that continue to gain relevance within ecosystems.
This figure exceeded its last peak, which rose to US$19,730 million in December 2024.
Aave leads the active loan market with over USD 14,570 million. This protocol maintains its dominant position and is a reference to Ethereum cryptocurrency loans.
Other related projects such as Morpho, Spark, Maple Finance, and Fluid also exist in the Lonely Panorama, with highlights ranging from millions. For example, Morpho has an active loan of USD 1,736 million, followed by US$ 1,734 million Spark, US$ 1,0007 million maple finance, and US$ 890 million liquid.
These projects, along with compounds, Euler, Goldfinch, Curve, Gearbox and Silofinance, They contribute significantly to the total amount of loans Ethereum.
The following graph shows the distribution of loans in Ethereum by protocol.
Ethereum’s aggressive increase in lending reflects the sustained growth of trust in Decentralized Financial Protocol (DEFI). This type of loan allows users to access liquidity without relying on traditional intermediaries. This increases efficiency and reduces the associated costs.
With an active loan of USD 22.6 billion, Ethereum represents a robust market with protocols offering increasingly alternatives to traditional banking services.
Lots of loans suggest that users are increasingly willing to use Ethereum as an investment currency as well. But it also serves as a platform for obtaining funding.
Increased activity at Ethereum, along with increased facility purchases, places ethereal cryptocurrency (ETH) in what German Carmelo analysts called “plane mode,” as reported by Crypto. Cryptocurrency appears to be ready to take off in a critical upward movement.
