Research Summary
The research report discusses the recent surge in the NFT lending market. In Q2 2023 alone, lending volumes for NFTs exceeded $197 million, a record-breaking high not seen since the peak of the 2022 bull market. This surge was driven almost entirely by Blend, a new lending platform launched by Blur in early May of this year. Blend has quickly become the most widely used NFT lending platform.
Actionable Insights
- Monitor Blend: Blend, the new lending platform by Blur, has driven the recent surge in NFT lending volumes. It’s now the most widely used platform in this space.
- Investigate NFT Lending Market: The NFT lending market has reached record-breaking highs in Q2 2023, exceeding $197 million. This market is worth investigating for potential investment opportunities.
