Crypto Lending Drops to $23.3 Billion as Tether Holds 68% of CeFi Loan Market in Q1

Centralized crypto lending loan books fell 6% in Q1 2026 to $23.3 billion, marking the sector’s first quarterly contraction since Q3 2024. Tether remains dominant, but Maple, Nexo and Coinbase gained share as Galaxy and Ledn saw the steepest pullbacks. CeFi Crypto Lending Falls 6% as Maple, Nexo and Coinbase Gain Market Share Centralized finance […] Source