According to MetaStreet’s Dune Dashboard, the ethereum NFT lending market has soared past $3 billion.
The dashboard says it pulls data from: NFTfi, Arcade, X2Y2, BendDAO, Paraspace, JPEG’d, Drops, Pine, Blur, Astaria, Zharta, and MetaStreet.
The average loan size is about $11,000 at today’s ethereum prices with APRs averaging 22-27% and terms ranging from 10 days to 39 days.
Blur and BendDAO are the two largest. NFTfi is in 3rd and Arcade in 5th.
The top 5 assets used as collateral:
BAYC
DeGods
Azuki
MAYC
Wrapped Cryptopunks