Blur's Lending Platform Blend Takes 82% of NFT Lending Market Share, Accumulating $308M in Trading Volume in First 22 Days

In just 22 days since its launch, Blur's lending platform Blend has captured 82% of the total lending volume market share, accumulating 169,900 ETH (approximately $308 million) in trading volume.

This represents a 3,945% increase in trading volume since its release, with 46.2% of Blur's total trading volume now coming from lending. However, concerns have been raised about the impact of Blend's success on market stability and price volatility, as well as the issue of wash trading in the NFT industry.

Despite this, Blur has seen a trading volume of over $120 million in the past week, surpassing runner-up marketplace OpenSea.

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