It has been online for a week, how is the specific performance of Blend?
Original author: Sapien, NFT market researcher
Original compilation: Yvonne, MarsBit
Original compilation: Yvonne, MarsBit
Blend has been live for 1 week. How is the performance?
Let's dig a little deeper with the data.
The launch of Blend sees the development of the NFT lending space. Compared to the previous week, loan volumes increased by 370.5%. This week, Blur accounted for 74.6% of transactions.
To date, Blend has facilitated loans of 39,112 ETH across a total of 2,387 transactions. On average, 16.39 ETH is lent out per loan.
Currently, 3,320 ETH remains out of 432 individual active loans, meaning 81% of Week 1 loans have been closed. We can also see that the current average loan size has dropped to 7.68 ETH. I think this is because more and more people realize the risks of high loans.
The number of daily loans decreased throughout the week. From 499 on day 1 to 295 on day 7, presumably because the novelty wore off and the risk became more apparent. However, high gas may also play a role.
Despite the volume of transactions this week, it's important to note the number of unique borrowers and lenders here. Only 574 and 501 respectively! As is often the case with NFTs, a small group of users accounted for most of the transaction volume.
In collectibles, Milady accounts for the majority of active loan volume (62%), followed by Azuki (31%) and Punks (7%).
However, in terms of ETH, Azuki has the largest share of active lending (47%), followed by Punks (34%) and finally Milady (19%).
Collection floor price:
Milady - 2.789 → 3.63 E (+ 30.1% )
Azuki - 15 → 15.09 E (+ 0.6% )
Punks- 50 → 51.88 E (+ 3.76% )
Milady is the only NFT series that keeps floor price growth.
The Azuki and Punks both showed gains before experiencing sharp pullbacks.
Later today, we'll also see the next collection coming to Blend. Looks a lot like Nakamigo to me: https://twitter.com/blur_io/status/1654541843433127940
