NFT lending volume exceeds $2 billion in Q1

According to a report from CoinGecko, the first quarter trading volume of the lending market using non-fungible tokens (NFTs) as collateral exceeded $2 billion, a 44% increase compared to the fourth quarter of 2023. The lending platform Blend has shown significant dominance in the market, with a monthly loan amount of $562.3 million as of March 2024, occupying nearly 93% of the market share.