High Returns Give Way to High Anxiety for Crypto Lending
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David F. Carr David F. Carr
High Returns Give Way to High Anxiety for Crypto Lending

A few weeks after a "stablecoin" pegged to the U.S. dollar dropped in value to just pennies, a crypto lender that had been promising enormous returns did its part to cast doubts on the viability of the whole "Decentralized Finance" movement. Celsius Network, which until recently was one of the biggest buyers of search traffic on crypto investing opportunities, announced a halt to withdrawals, blaming "extreme market conditions." Here is what Similarweb data tells us about how Celsius grew into such a big – and now increasingly controversial – name in crypto lending.

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