Hunter Horseley identifies credit and borrowing as the next major wave of crypto.
In the second quarter, defi-leading, growing cryptocurrency agreement loans amount to $53.1 billion.
Tokenized RWAS surge has reached $24 billion since 2022.
Crypto is on the verge of the next big shift.
Industry experts believe this could change the way people access and use capital. As ecosystems grow, new opportunities arise, offering investors new ways to bring value out and participate in the market more than ever before.
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Credit and borrowing: the next super cycle
Bitise CEO Hunter Horsley believes Crypto's next big wave will be credit and borrowing, potentially explode in the next six to 12 months. He points to two major changes that drive this trend.
One already represents nearly $4 trillion in value, and as the market matures, holders will increasingly choose to borrow against the assets instead of selling them. This adds a new way for people to access cash, as they can borrow against the assets without giving up long term holdings.
Tokenized Stocks: Credit Access for All
Horsley also notes that the impact does not stop with cryptography.
The second vector represents more than $60 trillion in public US stocks alone, and as symbolism becomes more borrowable, those assets become borrowable. “For the first time, anyone who even holds $7,000 worth of stock will have access to credits on it.He said. This opens opportunities previously limited to major players, and provides much higher access to capital.
Crypto Lending wins new highs
The timing won't improve. Crypto Lending has already hit new highs, indicating strong demand for borrowing on the chain.
According to a report by Galaxy Research, in the second quarter of 2025, crypto co-finance loans surged to $5.31 billion, marking the strongest quarter since early 2022. Cefi Lending has also grown, but it has slowed down.
On-Chain Lending (DEFI + CDP), including collateral support stubcoin (CDPS), won about two-thirds of the market and maintained a CEFI lead despite the slight double counting risk of data.
Tokenized RWA: the second fastest growing sector
Meanwhile, the market for tokenized real world assets (RWAS) has also exploded in recent years. It has grown 380% since 2022, reaching $24 billion by mid-2025. This encrypts the second fastest growing sector after Stablecoins.
Celebrities such as BlackRock, JPMorgan, Franklin Templeton, and Apollo also move past pilot projects and jump into tokenized real-world assets. The government is also beginning to view blockchain as a tool to modernize finances. In particular, private credit has led the $14 billion pathway, indicating strong institutional demand for the high-yield chain credit market.
These figures are evidence that Crypto is clearly entering a new era, with Horsley highlighting borrowing and tokenization as new ways for investors.