According to Blockworks, stablecoin interest rates in decentralized finance have dropped to their lowest point since June 2023, reflecting a slowdown in borrowing and liquidity demand.
Stablecoin interest rates within DeFi have dropped to their lowest level since June 2023, signaling reduced borrowing and liquidity demand across crypto lending markets. This shift marks a cooldown in market activity as compared to prior periods of higher DeFi engagement.