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News Explorer — Blur's New NFT Lending Platform Commands 82% of Market

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May 25, 3:00 pm

Coindesk

Blur's New NFT Lending Platform Commands 82% of Market

Since the launch of Blur's lending platform Blend, it has taken 82% of total lending volume market share. In its first 22 days, Blend accumulated 169,900 ETH, or about $308 million in trading volume, and 46.2% of Blur’s total trading volume is now from lending. Wash trading remains a concern, with $19 million of that having been wash traded just in the past week.

Since the launch of Blur's lending platform Blend, it has taken 82% of total lending volume market share. In its first 22 days, Blend accumulated 169,900 ETH, or about $308 million in trading volume, and 46.2% of Blur’s total trading volume is now from lending. Wash trading remains a concern, with $19 million of that having been wash traded just in the past week.

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