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News Explorer — Blur's Blend Has Already Handled $225M Worth of NFT-Based Loans

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May 26, 3:27 pm
The Block

Blur's Blend Has Already Handled $225M Worth of NFT-Based Loans

Blur's peer-to-peer lending and borrowing platform, Blend, has facilitated nearly 16,000 loans for a total of 123,500 ETH, or $225 million, since its launch earlier this month. The platform's success is attributed to Blur's incentivization program and its status as the go-to NFT platform for crypto-natives and NFT degens. Blend offers loan options for high-end NFT collections and has zero protocol fees for both borrowers and lenders.

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