In the weeks since leading non-fungible token (NFT) marketplace Blur released its lending platform Blend, it has taken 82% of total lending volume market share.
According to a report from blockchain data aggregator DappRadar released on Wednesday, in its first 22 days, Blend accumulated 169,900 ETH, or about $308 million in trading volume. During that same time, the trading volume across all NFT lending platforms reached about $375 million.
On the date of its release, the platform experienced 4,200 ETH, or roughly $7.6 million, in lending volume – meaning, Blend has seen a 3,945% increase in its trading volume in just under a month.
In the same time period, total NFT market trading volumes reached $466 million, according to DappRadar, signaling a shift in attitudes from NFT ownership to
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