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NFT Lending Protocol Blend Sees Daily Volume High of $27.6M

Blur's NFT lending protocol, Blur, achieved a new high in daily volume with over 14.5K ETH (~$27.6M) in a single day, marking the 14th consecutive day with over 10K ETH in daily volume. Azuki is currently the top NFT collection on Blend with a volume of 89.5K ETH, followed by Wrapped Cryptopunks and Yuga Labs' Bored Ape Yacht Club. Binance has joined the NFT lending trend by offering ETH loans, providing users with liquidity without giving up their digital collectibles. This move is expected to bring more innovation and accessibility to the NFT lending space.

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