Unveiling the Stunning 97% Plunge in NFT Lending Market Value: From $1B to $50M in January 2024!
Summary The NFT lending market, a subset of the broader non-fungible token (NFT) ecosystem, experienced a dramatic surge in activity during early 2024, reaching a peak monthly loan volume of nearly $1 billion in January. NFT lending enables digital asset holders to use their NFTs as collateral to obtain liquidity without selling their holdings, offering […]
