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NFT Lending Tanks 97%: Can The Sector Find a New Life?

Summary by CryptoPotato

Following a brief wave of optimism in early 2024, the NFT lending market has drastically slowed. As of May 21, 2025, loan volumes have dwindled to just over $50 million – a steep 83% drop since January and a staggering 97% from the January 2024 high. At its peak, activity surged with platforms like Blur’s Blend and NFTfi attracting traders eager to access liquidity without selling their NFTs. Today, however, interest has faded, which signals tha…

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DappRadar: NFT lending market volume is down 97% from a peak of ~$1B in January 2024 to ~$50M in May 2025, with borrower activity down 90% and lenders down 78%

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3 days ago·California, United States

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NFT Lending Tanks 97%: Can The Sector Find a New Life?

Following a brief wave of optimism in early 2024, the NFT lending market has drastically slowed. As of May 21, 2025, loan volumes have dwindled to just over $50 million – a steep 83% drop since January and a staggering 97% from the January 2024 high. At its peak, activity surged with platforms like Blur’s Blend and NFTfi attracting traders eager to access liquidity without selling their NFTs. Today, however, interest has faded, which signals tha…

4 days ago

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CryptoPotato broke the news in 4 days ago on Saturday, May 31, 2025.

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