- The Ethereum NFT market is booming and has exceeded $231 million in weekly trading volume.
- There has been a shift in the way NFTs are being traded and the platforms that are being used to trade them.
- The Optimism blockchain is becoming a popular platform for creating and trading NFTs.
- BendDAO NFT liquidity protocol is becoming a major player in the NFT market.
Ethereum NFT Market Booms with Over 231m in Weekly Trading Volume
In the past couple of weeks, the NFT market saw a surge in trading volume for non-fungible tokens (NFTs) on the Ethereum blockchain. The weekly trading volume for NFTs on Ethereum has exceeded $231 million, indicating a strong and growing market for these unique digital assets.
Ethereum NFT Market Shifts Trading Patterns, Remains Strong
The Ethereum NFT market is shifting in terms of trading patterns. While the overall market remains strong, there has been a shift in the types of NFTs that are being traded and the platforms that are being used to trade them.
Optimism Blockchain Sees Surge in NFT Mints
The Optimism blockchain has seen a significant increase in NFT mints in recent months, with over 100K NFTs in a single day, indicating that it is becoming a popular platform for creating and trading these unique digital assets.
NFT Lending Booms: BendDAO Emerges as Key Player with Strong NFT Holdings
The NFT lending ecosystem has seen significant growth in recent months, with weekly borrow volume rising from $5.2 million to $23.4 million since October 2022. BendDAO has emerged as a key player in this ecosystem, accounting for 40% of the total volume and holding over 423 MAYCs and 94 Doodles NFTs as collateral. The recent deposit of 154 Bored Ape Yacht Club NFTs further solidifies BendDAO’s position as a strong player in the NFT lending market.
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