Crypto Lending’s Reality Check Has Arrived. What Changed?
➤ Q2 2026 saw crypto lending markets stress-tested by macro pressures and significant exploits, yet the system demonstrated resilience and a shift towards risk-managed structures. ➤ Key events included Strategy's Bitcoin sale, the unwind of the carry trade, and a major DeFi exploit (KelpDAO), which collectively pushed the market towards more sophisticated credit solutions. ➤ Tokenized real-world assets (RWAs), particularly equities, emerged as a major growth area, signaling a convergence between traditional finance and on-chain markets.









