[Galaxy Research: CeFi Outstanding Loan Volume Reaches $17.78 Billion, Up 14.66% Month-on-Month] According to a report by Jinse Finance, disclosed by unfolded, as of June 30, Galaxy Research tracking shows that the outstanding loan volume in centralized finance (CeFi) has reached $17.78 billion. This represents a 14.66% increase (or $2.27 billion) compared to the previous quarter. Compared to the bear market low of $7.18 billion in Q4 2023, it has grown by $10.59 billion, an increase of 147.5%. Based on the amount of outstanding loans, Tether, Nexo, and Galaxy are the top three lenders.