According to @LexSokolin, uncollateralized DeFi currently mirrors traditional finance but could evolve into AI-driven credit where agents underwrite loans in milliseconds, predictive models replace collateral, and behavioral economics executes on-chain, source: Lex Sokolin on Twitter, Dec 20, 2025. For traders, this thesis highlights on-chain credit and AI-in-DeFi infrastructure as areas to monitor as the primitive exists and enabling infrastructure is coming, source: Lex Sokolin on Twitter, Dec 20, 2025.

According to @CoinMarketCap, citing Galaxy Digital, centralized crypto lending outstanding loans climbed to $25 billion in Q3 2025, the highest level since Q1 2022 (source: Galaxy Digital; via @CoinMarketCap, Dec 1, 2025). Tether (USDT) dominated with a 60% market share of open loans, underscoring USDT’s lead within CeFi credit markets (source: Galaxy Digital; via @CoinMarketCap, Dec 1, 2025).