NFT Lending Surges in January 2022: A Growing Trend in the Digital Asset Market
It is reported that according to the latest data report of eBit labs, a digital asset analysis company, the scale of NFT lending rose sharply in January this y…
It is reported that according to the latest data report of eBit labs, a digital asset analysis company, the scale of NFT lending rose sharply in January this year and reached the highest level since May 2022. The amount of NFT lending in the first week of January exceeded 6000 ETH, reaching the highest level in more than nine months. As of the time of release, the total amount of lending in the whole January exceeded 18000 ETH, about US $30516660.
Data: NFT borrowed more than 18000 ETHs in January, the highest level since May 2022
Analysis based on this information:
The latest data report from eBit labs, a digital asset analysis company, reveals that the scale of NFT lending has extensively surged in January this year. It reached its highest level since May 2021, with the lending amount exceeding 6000 ETH in the first week of January. As of the time of release, the report reveals that the total amount of lending in the whole month of January reached over 18000 ETH, approximately US $30516660.
The report indicates that Non-Fungible Tokens (NFTs) lending has increasingly become a growing trend in the digital asset market. NFTs are unique assets that hold value in the form of digital art, videos, music, games, collectibles, and any other digitized assets that cannot be replaced by another identical copy. Lending NFTs is a type of lending that allows the borrower to use an NFT as collateral and borrow a specific amount of funds against it.
The trend of NFT lending surged in January, likely due to a combination of rising interest in NFTs, the hype surrounding the digital art market, and opportunities to make a profit. The report suggests that NFT owners are exploring various avenues of liquidity and finding new ways to benefit from their assets.
The increasing popularity of NFT lending indicates a positive growth prospect for the NFT market, which has been surging in popularity in recent months. In addition, lending NFTs allows asset holders to remain invested in their holdings while also capitalizing on the value of their assets.
In conclusion, the latest data report from eBit labs reveals that the trend for NFT lending has extensively surged in January 2022, reaching the highest level since May 2021. NFT lending is a growing trend in the digital asset market, providing opportunities for NFT owners to use their assets as collateral and profit from them. The trend further highlights the positive growth prospects of the NFT market.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/19/nft-lending-surges-in-january-2022-a-growing-trend-in-the-digital-asset-market/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Flaws of the Digital Property Protection and Enforcement Act
On February 20, the United States Senate of Illinois recently proposed a Digital Property Protection and Enforcement Act, which was ridiculed by the encryption…
-
Sanjian Capital’s NFT Collection Surpasses $10 million
It is reported that the data disclosed by the blockchain analysis company Nansen shows that the estimated sales price of the NFT of Sanjian Capital (3AC) is 628
-
Blockade of Telegram in Brazil: What It Means for Users and Internet Freedom
According to reports, a federal judge in Brazil has ordered a temporary blockade of Telegram, citing its failure to provide information related to pro Nazi grou
-
Binance Plans to Open a New Branch in Kazakhstan by Mid-2023
According to reports, Binance plans to open a branch in Kazakhstan by mid-2023. The regional director of the company, Vladimirsmerkis, stated that the exchange will be able to prov
-
Circle Destroying USDCs: What’s Happening?
On March 13, the Watchers monitoring data showed that Circle destroyed 220000000 1 USDCs again. Earlier, Circle had just destroyed 314167155.05 USDCs in a singl
-
Stable currency issuer Circle applies for a French encryption license
It is reported that the stable currency issuer Circle has applied for a French crypto asset license as part of its European growth strategy. \”The Boston based c
-
Unikbase’s 2 Million Euro Funding for Valuable Asset Tokenization
On February 22, it was reported that the Web3 start-up Unikbase completed the financing of 2 million euros led by Weber Investments. Unikbase provides the toke…
-
Today, the panic and greed index is 52, indicating a decrease in the level of greed
According to reports, today\’s panic and greed index is 52 (yesterday\’s 63), with a decrease in the level of greed compared to yesterday, and the level remains g
-
UBS Acquires Credit Suisse Amidst Global Banking Crisis
According to reports, according to Sky News, the UK banking regulator has approved UBS\’s acquisition of Credit Suisse. Credit Suisse, with about 5000 employees
-
A giant whale buys 665947 ARBs at an average purchase price of $1.39
According to reports, according to Lookonchain monitoring, a whale once used 300 ETHs (approximately $498000) to buy 12445 GMX (currently valued at approximatel