The article highlights the issues faced by lending platforms in the crypto space, such as Celsius and FTX, which created a cycle of interdependent debts. Even with rising interest rates, decentralized finance (DeFi) yields remain low due to these systemic risks. It introduces Stream as a potential solution for money markets in DeFi.

Maple has shown impressive growth, outperforming other money markets with a 112% year-to-date increase. Its shift to a fully secured, overcollateralized lending model has attracted significant deposits, particularly in its syrupUSDC pool, which offers competitive yields. The project’s transparency and favorable token structure further enhance its market position.

Leverage in the crypto market experienced significant growth in Q2 2025, with onchain crypto-collateralized loans reaching an all-time high of $26.5 billion, a 42% increase. Digital asset treasury companies maintained stable debt levels while the outstanding loans in CeFi and DeFi platforms collectively expanded to $44.25 billion, demonstrating a resurgence in borrowing activities amid rising asset prices.