Onchain lending engines are humming louder than ever. The value of loans on decentralised finance protocols surged 55% in the third quarter, driving DeFi lending to a record $41 billion, and clearing the 2021 top by over$4 billion. That’s according to a new report by Galaxy Digital shared with DL News, which paints a bullish picture of an onchain credit market entering its strongest phase yet. Galaxy cites the new Plasma ecosystem, lending platform Aave’s multi-chain expansion, and institutional onchai ...