By the end of 2024, the total size of CeFi loans will be US$11.2 billion

Alex Thorn, head of research at Galaxy Digital, said in a post on X that based on a review of public documents, bankruptcy documents, and voluntary disclosures by active lenders

By the end of 2024, the total size of CeFi loans will be 11.2 billion US dollars, down 68% from the historical peak in 2022.

Alex Thorn, head of research at Galaxy Digital, said in a post on X that based on a review of public documents, bankruptcy documents, and voluntary disclosures by active lenders, the total size of centralized finance (CeFi) loans was 11.2 billion dollars by the end of 2024, down 68% from the historical peak (ATH) of 34.8 billion dollars in 2022.

By the end of 2024, the largest CeFi lenders by outstanding loan book size were: Tether, Galaxy, Ledn, Coinbase, Maple, Unchained, Centrifuge, Goldfinch, Arch, and TrueFi.

While DeFi is fairly transparent, CeFi lending is more opaque. However, when combined, the outstanding loan market size is about 30 billion dollars. Today, the outstanding loan market size of DeFi has surpassed CeFi. If you add collateralized debt position (CDP) stablecoins such as DAI, the size will exceed 35 billion dollars. In fact, DeFi currently accounts for more than 60% of the cryptocurrency lending market.

Kyrgyzstan Appoints Changpeng Zhao as National Blockchain Policy and Web3 Strategy Advisor

According to Cointelegraph, the National Investment Agency under the President of the Kyrgyz Republic signed a strategic memorandum of understanding (MoU) with Binance founder Zhao Changpeng (CZ), appointing him as the official advisor for Kyrgyzstan's national blockchain development, cryptocurrency regulation and Web3 innovation.

According to the agreement, CZ will provide guidance to the Kyrgyz government on building a forward-looking digital asset framework, including technical support and policy formulation for blockchain infrastructure. The cooperation also focuses on accelerating talent training and creating a favorable environment for innovation in decentralized finance (DeFi) and Web3 technologies.

EigenLayer will launch a slashing mechanism on the mainnet on April 17

According to official news, Ethereum re-staking protocol EigenLayer announced that the slashing mechanism will be launched on the mainnet on April 17, and the Active Verification Service (AVS) will be able to build verifiable, trustless applications; at the same time, operators and stakers need to take responsibility. Slashing is a way for the PoS protocol to economically punish a node or a group of nodes for executing a strategy that can be proven to be different from the given protocol specification.

Ethereum dApp fee revenue exceeds 1 billion in Q1 2025, ranking first

According to Token Terminal data, dApp fee income on the Ethereum chain reached 1.014 billion in Q1 2025, ranking first among various platforms.

As Layer2 continues to develop, Coinbase's Layer2 network Base ranked second, with dApp fee income of 193 million in Q1, showing a certain amount of growth compared to the previous quarter. However, compared to the mainnet, the overall volume is still limited.

BNB Chain's dApp fee income in Q1 was 170 million, and Arbitrum's ecosystem fee income was 73.8 million, ranking third and fourth respectively.

Among the top five, Avalanche's C-Chain ranked fifth, with dApp fee income of 27.68 million in Q1.

In Q1 2025, listed companies purchased a total of 95,431 bitcoins, with a total holding of 688,000 bitcoins

According to Cointelegraph, citing the "Enterprise Bitcoin Adoption in the First Quarter of 2025" report by Bitwise, listed companies purchased a total of 95,431 bitcoins in the first quarter of 2025, an increase of 16.11% from the previous quarter.

The number of listed companies holding Bitcoin reached 79, an increase of 17.91% from the previous quarter, and 12 new companies purchased Bitcoin in the quarter.

Coinbase Prime to End Custody Support for 49 Assets by the End of This Month

Coinbase Institutional announced that Coinbase Prime will terminate its custody support for 49 assets by the end of this month.

The platform regularly evaluates the assets it supports to ensure that they continue to meet platform standards.

These 49 assets include: VideoCoin (VID), Coffee Token (CFT), BOSAGORA (BOA), FISCO Coin (FSCC), Sentinel protocol (UPP), Cellframe (CELL), Ideaology (IDEA), Dorayaki (DORA), CPUCoin (CPU), SIREN (SI), Somnium Space Cubes (CUBE), UREEQA Token (URQA), Oraichain Token (ORAI), UniLend