Data shows that the amount of encrypted loans soared 4 times during the blockchain cycle in New York City

Recently, the end of the New York City blockchain cycle has accelerated the development of the cryptocurrency loan sector. LoanScan data showed that the amount of cryptocurrency loans soared more than 1,000% on the second day of the event, reaching nearly $2.3 million. In the past 30 days, the encrypted financial platform issued 6,758 encrypted loans with a total principal amount of more than $31 million. Before the event, the encrypted financial platform Compound loan amount was about 195,000 US dollars, but after three days of the event, the Compound platform loan was close to 8.151 million US dollars.