According to the unfolded disclosure, as of June 30, Galaxy Research tracked that the scale of unpositioned squaring loans of centralized finance (CeFi) reached $17.78 billion. This scale increased by 14.66% from the previous quarter (that is, $2.27 billion); compared with the bear market trough of $7.18 billion in the fourth quarter of 2023, an increase of $10.59 billion, an increase of 147.5%.
Tether, Nexo and Galaxy were the top three lenders in terms of outstanding loans.
Galaxy Research: CeFi unpositioned squaring borrowings reached $17.78 billion, up 14.66% month-on-month
2025-08-21 01:16:42
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