Data: Galaxy releases Q3 Crypto Leverage Report, On-chain Lending Hits Record Highs, Futures Liquidations Set New Records

According to ChainCatcher, Galaxy has released its Q3 Crypto Leverage Report, showing that crypto-collateralized loans surged by $20.46 billion, an increase of 38.5%, reaching a record high of $73.59 billion.

DeFi lending grew by $14.52 billion to $40.99 billion. The total DAT debt exceeded $12 billion, with $422 million added in the quarter. Open interest in futures reached $187.79 billion at the end of September, with a peak of $220.37 billion on October 6. On October 10, a market crash triggered forced liquidations of over $17 billion in futures positions, setting a new single-day record for liquidations. Hyperliquid, a certain exchange, and another exchange liquidated $10.08 billion, $4.58 billion, and $2.31 billion, respectively.