Sharky.Fi just announced that they have broken over 1 million Sol tokens in loan volume on their lending protocol and have a total of approximately 110,000 total loans taken with 8,825 active loans as well. 

The team also states that Sharx NFT holders are actively earning $FISHY. This cryptocurrency will be used to purchase more services from Shark.Fi in the future including a subscription service mentioned in the same thread. 

Defaults on loans are dropping too, showing that many borrowers are still solvent. The news is significant for web3 as many lending protocols have struggled since the collapse of FTX which was supporting many protocols on the Solana blockchain.