Galaxy Reports Record $73.59B in Q3 Crypto Collateral Loans

Collateral loan volumes rose 38.5% year-over-year, while DeFi lending hit historic highs at $40.99B, according to Galaxy's Q3 2025 report.

112d ago

摘要

Galaxy's Q3 2025 crypto leverage report shows collateral-backed loans surged by $20.46 billion, a 38.5% increase, reaching a record $73.59 billion. Decentralized finance (DeFi) lending also set a new high, growing $14.52 billion to $40.99 billion. The report highlights significant growth across leveraged crypto markets.

术语与概念

Collateral-backed loan: A loan secured by assets, in this context cryptocurrency, reducing lender risk.
DeFi: Decentralized finance—financial services using blockchain-based smart contracts without traditional intermediaries.
Leverage: The use of borrowed funds to increase potential returns, often amplifying both gains and losses.