The crypto lending industry is seeing a resurgence due to Bitcoin's value surpassing $100,000 for the first time. This is driven by renewed investor interest and optimism about mainstream adoption.

The funding rate for Bitcoin has increased significantly since early June, indicating a growing appetite for leverage among investors. The rise in Bitcoin's price and trading activity is reminiscent of previous market cycles and is attributed to speculative fervor.

Decentralized finance applications are playing a crucial role in this recovery, suggesting a shift in how investors interact with digital assets. These market dynamics indicate a potential change in the cryptocurrency landscape, attracting attention from traditional finance sectors.