NFT lending volume exceeds $2 billion in Q1
According to a report from CoinGecko, the first quarter trading volume of the lending market using non-fungible tokens (NFTs) as collateral exceeded $2 billion, a 44% increase compared to the fourth quarter of 2023. The lending platform Blend has shown significant dominance in the market, with a monthly loan amount of $562.3 million as of March 2024, occupying nearly 93% of the market share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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