Castle Labs: DeFi's lending market is active at approximately $28.5 billion

According to a fixed-interest-lending market report published by Castle Labs, the DeFi lending market is currently active on a scale of approximately $28.5 billion, with almost all demand still coming from floating interest-rate lending. However, demand for fixed-term and fixed-interest-rate financing is increasing with the development of institutional finance, revolving lending, RWA and Basis/carry. Major fixed-interest-rate lending agreements are still limited in size, of which Fira has active loans of about $430 million, but almost all of them come from the market of oural Zero Rate, Loopscale, about $55 million, Termax, about $30 million, and Morpho Midnight, about $2 million since it went online in July。