Crypto Leverage Reaches All-Time High in Q3 2024 as DeFi Reshapes Market Structure: Galaxy Digital Report

According to Galaxy Digital's latest market analysis, cryptocurrency leverage surged to unprecedented levels during the third quarter of 2024. The report highlights how decentralized finance (DeFi) protocols are fundamentally transforming market dynamics, with DeFi dominance driving structural changes across crypto markets. Record leverage ratios indicate growing institutional participation and risk appetite in digital asset markets, while DeFi's expanding influence continues to alter traditional trading patterns and liquidity distribution across major cryptocurrencies including BTC and ETH.