As a new contender in the NFT lending realm, Blend achieved a remarkable feat by capturing 77% of the total NFT borrowing volume market share and facilitating over 31.8k loans totaling $466M in volume since launch.

This achievement speaks to the strong alignment of its product with the market, showcasing Blur’s commitment to further financialize the NFT industry. During the week of May 22, Blend further solidified its dominance by attaining a peak volume market share of 82%, firmly establishing itself as the new frontrunner in the NFT lending space.