Opinion on Galaxy Q1 report

Well.... Q1 this year was definitely a rough one, we can all agree on that. But it turns out that between the MASSIVE hacks on Drift and LayerZero, and crypto prices going down, onchain lending got absolutely hammered :/ Sucks because the huge DeFi hacks and falling prices made ppl panic withdraw billions. What caught my eye from the report tho was that Maple Finance increased their lending volumes during this period and so did Nexo. Maple Finance grew its loan book, which was driven by institut