Ethereum lending volume has experienced explosive growth over the past few years. According to Token Terminal data, active lending positions on Ethereum rose rapidly from less than $300 million at the beginning of 2023 to over $2.8 billion, an increase of more than ten times. This trend fully reflects Ethereum's increasingly solidified core position in the decentralized finance sector.

The expansion of the lending market signifies the deepening of applications within the Ethereum ecosystem. Starting in 2023, an increasing number of DeFi protocols and users have chosen to conduct lending operations on the Ethereum network, driving innovation in this field. This growth not only demonstrates the importance of Ethereum as a primary infrastructure for DeFi but also indicates the growing demand among crypto asset owners for capital operations through lending.

This rapid expansion in 2023 has laid a foundation for subsequent development, showcasing Ethereum's strong potential and market appeal in financial applications.