High-Risk Crypto Loans Surge To A 28-Month High of $55 Million!

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The Decentralized lending market has boomed significantly over the past few months. During this period, “high-risk” loans have surged to a 28-month high. This sparks a concern of a potential liquidation cascade amid rising volatility in the crypto market. Reportedly, the total amount of high-risk loans signifies that investors are currently within the 5% band of their liquidation value. Notably, this amount was raised to $55 million on 17th October 2024. This breaks its previous high of June 2022.