Cryp2Nova

DEFI Yield Lending Daily Unique Borrowers

DeFi

The count of unique wallet addresses that hold an active borrow position across tracked DeFi lending protocols Shown here for Spark.

Why it matters

To measure the breadth of user participation in on-chain borrowing, separate from the total dollar amount borrowed.

How it is built

Counting distinct wallet addresses with at least one open borrow position across tracked lending protocols, for a given period.

What to watch

Growth in unique borrowers signals broadening adoption of on-chain credit beyond a small group of large players, while stagnation suggests debt is concentrated among fewer users.

Related metrics

DEFI Yield Lending Daily Unique Borrowers — DeFi · Cryp2Nova