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In the constantly shifting NFT industry, Blur’s new platform, Blend, is capturing attention with its innovative lending protocol. It appears that high-net-worth individuals, often referred to as ‘whales,’ are leveraging this tool extensively, sparking increased interest in these DeFi services embedded within the NFT ecosystem. This analytical piece explores these developments and their implications for the growth and resilience of the NFT ecosystem.Key Takeaways<ul><li>At the time of writing, NFT loan volumes have reached an impressive $375 million in May, while NFT trading volume during the same period amounted to $466 million.</li><li>Blur has an 82% dominance over the NFT lending market and is responsible for a loan volume of $308 million in the past 22 days.</li><li>Blur’s activity has shifted from trading to lending, which currently represents 46.2% of recent operations.</li><li>Azuki has become the preferred NFT collection on Blend with an impressive 70,031 ETH ($127 million) in loan volume.</li></ul>Continue reading &#x1f449; <a href="https://dappradar.com/blog/blur-dominates-82-of-the-nft-lending-market" rel="noopener noreferrer nofollow">HERE</a>

Blur Dominates 82% of the NFT Lending Market

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