Wu Blockchain reports that CryptoQuant data shows the CeFi lending market size declined by 6% quarter-over-quarter in Q2 this year to $23.3 billion, marking the first contraction since Q3 2024. Among them, Tether's lending business dropped 7% QoQ but still holds a 68% market share. Nexo, Maple, and Coinbase were the only three lending institutions to achieve growth. On the other hand, Galaxy and Ledn saw their lending volumes drop by 21% and 19%, respectively, making them the hardest-hit institutions in this round of deleveraging. https://www.(wublock123.com)/news/news-63834