📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Galaxy Research: CeFi loan volume drops to $11.2 billion, DeFi dominates the encryption lending market.
Gate.io News bot message, according to the latest research data from Galaxy, the total size of CeFi loan portfolios will reach $11.2 billion by the end of 2024, a decrease of 68% compared to the historical peak of $34.8 billion in 2022.
Among CeFi lending institutions, Tether ranks first in terms of outstanding loan size, followed by Galaxy, Ledn, Coinbase, and Maple.
According to the study, the current overall market size of DeFi and CeFi is about $30 billion. If CDP stablecoins such as DAI are included, the total size is more than $35 billion. It is worth noting that DeFi has accounted for more than 60% of the crypto lending market.
Source: Wu Shuo