NFT Lending Volume Exceeds $2 Billion in Q1
The market for lending with non-fungible tokens (NFTs) as collateral traded more than $2 billion in the first quarter, sustaining a 44% growth compared to the fourth quarter of 2023, according to a report by CoinGecko. Lending platform Blend showed significant dominance in the market, with monthly loan volume of $562.3 million as of March 2024, wading through nearly 93% of the market contribution.
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