Token

Blur

Coin

<ul class="news-points"> 
 <li>Messari revealed in a tweet that Blur.io’s Blend generated over $365 million in borrowing volume during May.</li> 
 <li>Despite its success in the NFT space, BLUR’s price dropped by more than 15% over the past day.</li> 
 <li>At press time, BLUR’s price was trading between the 9-day and 20-day EMA lines and was resting on the minor support level at $0.3506.</li> 
</ul> 
Earlier today, the crypto market intelligence platform Messari revealed on <a href="https://twitter.com/MessariCrypto/status/1673858790427611136" target="_blank" rel="nofollow">Twitter</a> that Blur Lending (Blend) saw a massive increase in its volume in May of this year. According to the post, Blend’s volume for May stood at over $365 million. 
<figure class="wp-block-image size-full is-resized">
 <img decoding="async" src="https://coinedition.com/wp-content/uploads/2023/06/image-82.png" alt="Weekly NFT borrow volume per platform" class="wp-image-304492" width="840" height="472" srcset="https://coinedition.com/wp-content/uploads/2023/06/image-82.png 1280w, https://coinedition.com/wp-content/uploads/2023/06/image-82-300x169.png 300w, https://coinedition.com/wp-content/uploads/2023/06/image-82-311x175.png 311w, https://coinedition.com/wp-content/uploads/2023/06/image-82-380x214.png 380w, https://coinedition.com/wp-content/uploads/2023/06/image-82-768x432.png 768w, https://coinedition.com/wp-content/uploads/2023/06/image-82-696x392.png 696w, https://coinedition.com/wp-content/uploads/2023/06/image-82-124x70.png 124w, https://coinedition.com/wp-content/uploads/2023/06/image-82-159x89.png 159w, https://coinedition.com/wp-content/uploads/2023/06/image-82-255x143.png 255w, https://coinedition.com/wp-content/uploads/2023/06/image-82-791x445.png 791w, https://coinedition.com/wp-content/uploads/2023/06/image-82-440x247.png 440w, https://coinedition.com/wp-content/uploads/2023/06/image-82-414x233.png 414w, https://coinedition.com/wp-content/uploads/2023/06/image-82-293x165.png 293w, https://coinedition.com/wp-content/uploads/2023/06/image-82-375x211.png 375w, https://coinedition.com/wp-content/uploads/2023/06/image-82-328x185.png 328w, https://coinedition.com/wp-content/uploads/2023/06/image-82-144x81.png 144w, https://coinedition.com/wp-content/uploads/2023/06/image-82-123x70.png 123w, https://coinedition.com/wp-content/uploads/2023/06/image-82-129x73.png 129w" sizes="(max-width: 840px) 100vw, 840px">
 <figcaption class="wp-element-caption">
 Weekly NFT borrow volume per platform (Source: <a href="https://twitter.com/MessariCrypto/status/1673858790427611136?t=P5xbd1YzmmegU3zG3Jbrcw&amp;s=19" target="_blank" rel="nofollow">Twitter</a>)
 </figcaption>
</figure> 
Messari also pointed out that this is more than most of its competitors in the <a href="https://coinedition.com/what-are-non-fungible-tokens-nfts/">Non-Fungible Token (NFT)</a> space have done in a whole year. However, despite its latest success in the NFT space, the <a href="https://coinedition.com/blur-price-prediction/">price of BLUR</a> saw its price drop over the past 24 hours of trading. 
CoinMarketCap indicated that BLUR was trading hands at $0.3563 following a more than 15% price descent.&nbsp; This left the crypto trading very close to its daily low of $0.3547. BLUR’s price drop also flipped its weekly performance into the red zone to -2.74%. 
Mea…
The post <a rel="nofollow" href="https://coinedition.com/blend-generated-more-than-365m-in-borrowing-volume-in-may/">Blend Generated More Than $365M In Borrowing Volume In May</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Blend Generated More Than $365M In Borrowing Volume In May

Coin Edition

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