Data: Q3 crypto lending scale hits a record high of $73.6 billion, nearly tripling since the beginning of 2024

According to Bloomberg, citing data from Galaxy Digital, the total amount of crypto lending reached $73.6 billion in Q3 2025, setting a new record, surpassing the previous record of $69.4 billion in Q4 2021.

This figure has nearly tripled since the beginning of 2024, reflecting the industry's recovery driven by ETF approvals and policy easing. However, with BTC recently pulling back over 20%, concerns are rising in the market about the new round of risks triggered by the lending boom.