NFT lending continues to rise as over 18k ETH borrowed in January
According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022.
For the first time in more than nine months, weekly loan volume totaled more than 6,000 ETH in the first week of Jan. Furthermore, the total borrowed throughout January reached more than 18,000 ETH – or $30,516,660.