Since 2023, Ethereum lending volumes have skyrocketed. During this period, active lending positions on the platform exceeded $28 billion, representing a tenfold increase compared to the beginning of the same year. According to data from the analytics platform Token Terminal and reports by Foresight News and CoinDesk, this growth trajectory reflects the increasing importance of Ethereum in the decentralized finance ecosystem. It demonstrates not only the rising practical value of the protocol but also its expanding role as a primary tool for lending operations in the blockchain space.