Binance Research: On-Chain Leverage Ratio Hits 38%
Binance Research flags on-chain leverage ratio at 38% after $13B DeFi TVL outflows, with no deleveraging yet despite market pullback.
SourceAnalysis
Binance Research reports the on-chain leverage ratio climbed to ~38%, matching 2021 levels, driven by TVL compression after April DeFi exploits triggered ~US$13B outflows rather than fresh borrowing demand; meaningful deleveraging has yet to materialize even as the broader crypto market pulled back.
Binance Research
@BinanceResearchAs the official research arm of Binance, this account publishes institutional-grade analysis and in-depth reports on digital assets, blockchain ecosystems, and Web3 technologies. The content delivers data-driven insights into market trends, protocol developments, and macroeconomic factors influencing the cryptocurrency industry.
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