The NFT Lending Market Opportunity

As the NFT lending space continues to develop, with cumulative NFT borrow volume at $1.98B as of June 14, the opportunity for unlocking the capital efficiency of NFTs remains huge, and the segment is likely to reach a larger total addressable market in the future. Even in a bear market, NFT lending protocols are still gaining traction, as weekly NFT lending volume increased by nearly 5x since Blend’s entrance on May 1.