Base credit markets have grown a lot this year.
I built a dashboard tracking every floating-rate credit market on
@Base
Last 12 months:
∙ Outstanding loans grew from ~$1.7B to ~$2.3B (+31%)
∙ Utilization went from 58% to 75%. Capital is working harder.
∙
@MorphoLabs more than doubled, from $1.0B to $2.1B supplied
∙
@aave has added $200M of deposits since July, up 32% in two months
∙ USDC borrowing doubled to $2.0B and is 90% utilized. Borrow demand is outrunning supply, and USD lenders are earning 4.5% for it.
∙ cbWrapped collateral is taking off: loans against
@Ripple's cbXRP went from zero to $45M borrowed against $130M posted
∙ mGLO from
@MidasRWA and
@FasanaraDigital went from zero in June to $25M posted against $22M borrowed
See the full
@Dune dashboard here:
dune.com/paigeisonfire/based…