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DeFi Borrowing Demand Plunges as Crypto Traders Deleverage Amid Market Turmoil

The total value of borrowings on large DeFi platforms like Aave and Morpho has sharply dropped from the mid-December peak, as investors scrambled to reduce outstanding debt or got liquidated.

By Krisztian Sandor|Edited by Nikhilesh De

Updated Apr 8, 2025, 8:04 p.m. Published Apr 8, 2025, 6:53 p.m.

(Christian Dubovan/Unsplash, modified by CoinDesk) — DeFi borrowers reduced outstanding debt or faced liquidations amid Monday's crypto carnage (Christian Dubovan/Unsplash, modified by CoinDesk)