Loan "Delinquency" Distribution
November 9th, 2024
The overall standing of on-chain loans improved over the last 3 months, with fewer loans being liquidated and a shift toward lower utilization of available facilities.
By October, 0.7% of active loans experienced a liquidation event, down from 5.7% in August, which is seen as a positive development.
However, 13.5% of loans were at high risk of liquidation in October, up from 11% in August. These loans are currently over 60% utilized and may face liquidation in the coming months.