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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blur’s peer-to-peer perpetual non-fungible lending protocol Blend, focused on NFTs, has seen massive growth since inception, with the protocol’s loan volume hitting close to 170,000 in under 30 days. Blend controls 82% of NFT lending share According
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Only time will tell if the project will continue to see success, but the current forecast looks promising. As of writing, Pudgy Penguin NFTs have done a total of 170,457 ETH in trading volume (over $300 million) and have a floor price of 5.4 ETH, or about $9,700. Source
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“The significance of this large volume can be positive, as it indicates liquidity and market validation,” said Ghergelas. “However, there are also potential negatives, as high volumes on Blend could increase the price volatility, impacting market stability and making it difficult for traders to predict price movements accurately.” Source
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It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blur has launched Blend, the expiry-less peer-to-peer perpetual lending protocol for NFTs, to increase liquidity for NFT holders. Blend – a solution to post-purchase NFT liquidity Blur, the self-proclaimed NFT Marketplace for pro traders, has rolled out a
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Blur shared that the product was created in collaboration with Dan Robinson, Head of Research at venture capital firm Paradigm and investor in decentralized exchange (DEX) Uniswap V3, alongside pseudonymous research associate Transmissions, who has previously contributed to building the marketplace protocol Seaport. Paradigm is the lead investor in Blur. Source
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