DATA: DeFi Market Borrowing Rates Hit High Since 2022, Aave Net Inflows Hit $500 Million This Week

On December 13th, the DeFi lending market saw a new boom as users borrowed large amounts of stablecoins using WBTC and WETH as collateral, with lending rates topping 10% and some projects reaching as high as 40%, the highest since the 2022 bull market, according to data. Aave, the largest lending protocol on Ether, saw net inflows of $500 million this week.