The data shows that the volume of encrypted loans has exploded, with a volume of $257 million in the past four months.

According to LongHash, the volume of cryptocurrency loans in July has more than doubled the previous highest volume in a single month. LoanScan.io data shows that the volume of cryptocurrency loans (about $257 million) in the past four months is close to the previous 16 months (about $284 million) in total volume. But relatively speaking, the crypto loan market is still small. To date, the platform tracked by LoanScan has issued loans worth approximately $546 million. However, compared with the traditional loan market: only the United States this year's leveraged loan turnover reached about 311 billion US dollars. Despite this, the growth of the crypto loan market is still evident.