Crypto Lending Falls $3.6B in Q1 as DeFi Exploits Bite
Summary
Total crypto-collateralized lending fell $3.62 billion (‑5.1%) to $67.42 billion in Q1 2026, driven by a $4.53 billion decline in DeFi loans after two nine-figure exploits. Galaxy Research found CeFi lending contracted 7.23% to $25.43 billion, yet Nexo grew its loan book by $11.18 million and rose to the third-largest tracked CeFi lender with a 7.02% market share. Tether (62.25%), Maple (8.39%) and Nexo together now control 77.66% of the tracked CeFi market, reflecting concentration among well-capitalised lenders. The report highlights a flight-to-quality as on-chain security incidents and better collateral standards push market share toward established centralised lenders.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
Cryptocurrency Platform
Wealth Management Software
Linked Companies
Nexo
up to $1M