CoinGecko: NFT lending market transaction volume reached a record high of US$2.13 billion in Q1, a 44% increase from the previous month

According to a report by Coingecko, the Q1 transaction volume of the lending market with NFT as collateral reached US$2.13 billion, a record high, an increase of 44% compared with Q4 2023. Among them, the total amount of NFT loans in January reached a record high of US$900 million, exceeding the single-month high of US$850 million set in June 2023. Blend is the largest NFT lending platform, with a market share of 92.9% and a total loan amount of US$562.33 million in March 2024. Blend was launched by NFT market Blur in May 2023 and immediately occupied 82.7% of the market share in the same month. Since then, Blend's monthly market share has remained at the forefront, maintaining between 88.8% and 96.5%. In Q1 2024, Blend's NFT loan amount increased by 49.2% month-on-month to a new high of US$2.02 billion. Next is the NFT lending platform Arcade (ARCD), with a market share of 2.8% and NFT lending of $16.94 million in March; NFTfi (NFTFI), ranked third, has a market share of 2.2% and NFT lending of $13.32 million in March. Since last year, Arcade and NFTfi are the only NFT lending platforms other than Blend that have had a market share of more than 1% in both months.
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Fed officials' hawkish remarks reinforce tightening expectations, gold price pulls back
Odaily News: Gold prices drifted lower within a rangebound trading pattern, as a stronger dollar and hawkish remarks from Federal Reserve officials further reinforced market expectations of monetary policy tightening. The dollar rose to a two-month high, making dollar-denominated gold more expensive for investors holding other currencies.Ole Hansen, Head of Commodity Strategy at Saxo Bank, said: "Gold continues to trade within the established narrow range of $4,300 to $4,400. Fed officials' remarks and their impact on U.S. interest rates, bond yields, and the dollar, along with oil price movements, are collectively providing the main directional cues for short-term traders." Richmond Fed President Barkin said on Tuesday that interest rate hikes and the threat of further increases could dampen businesses' inflation expectations and cool price increases without actually weighing on economic activity.
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Solana treasury company Forward Industries plans to raise $25 million, aiming to continue increasing its SOL holdings
Odaily News: Nasdaq-listed Solana treasury company Forward Industries announced that it has signed a securities purchase agreement with an institutional investor to issue 3.125 million shares of common stock at $8 per share, with expected gross proceeds of approximately $25 million. The offering is expected to close on or about September 24. Forward Industries stated that the net proceeds after deducting related fees will be used to purchase more SOL to expand the scale of its SOL treasury, while also increasing the amount of SOL corresponding to each fully diluted share. A.G.P./Alliance Global Partners is acting as the sole placement agent for this offering. (Globenewswire)
Glassnode: This BTC bear market is notably different from the traditional four-year cycle pattern, with the likelihood of a deep correction declining
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Galaxy injects $100M in sUSDS into Sky treasury and purchases SKY tokens
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