NFT Lending Volume Crashes 97% as Sector ‘Matures’, says DappRadar
The NFT lending market has collapsed, dropping 97% from its January 2024 peak to just $50 million in May 2025, according to DappRadar.
Analyst Sara Gherghelas attributes the decline to fading speculative incentives, falling NFT prices causing liquidations, and many lending platforms going inactive. Once seen as a way to unlock liquidity, NFT lending is now struggling to survive.
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