On April 25th, according to CoinGecko, the NFT mortgage lending market Q1 transaction volume exceeded 2 billion US dollars, an increase of 44% month-on-month, a new high. Among them, the total amount of NFT loans in January reached a record 900 million US dollars, exceeding the single-month high of 850 million US dollars set in June 2023.
Lending platform Blend has shown a significant dominance in the market with a monthly loan volume of $562.30 million as of March 2024, accounting for nearly 93% of the market. Blend has consistently led the market with its share fluctuating between 88.8% and 96.5%. In Quarter 1, 2024, Blend's NFT lending volume grew 49.2% month-on-month, totaling over $2.02 billion.
Arcade held a 2.8% market share with a loan amount of $16.9 million, followed by NFTfi with a 2.2% share, with a loan amount of $13.3 million in March 2024.
Since last year, the monthly market share of both platforms has remained above 1%. Other NFT lending platforms, such as X2Y2 (X2Y2) and Bend DAO (BEND), each hold a 0.8% market share, while Parallel Finance (formerly ParaX) holds a 0.5% market share.
NFT mortgage lending market Q1 trading volume exceeded $2 billion to a new high, up 44% month-on-month.
2024-04-25 05:29:15
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