Polygon NFT market seems over $13M in 30-day volume, TON collections are experiencing a rise in interest, and Reddit NFTs see 2 major milestones

NFT lending market surges as BendDAO collateralizes 59 Mutant Ape Yacht Club NFTs. Blend protocol loans surpass $135M in just two weeks. NFTs continue to gain mainstream appeal and financial traction.

NFT loan volume skyrocketed to a six-month high, with Blend protocol taking the lead, accounting for 74% of the week's volume. This surge underscores the growing demand for NFT-backed lending solutions.

The NFT market saw a whopping 900K ETH in monthly volume, most occured on Blur NFT marketplace. Polygon's Web3 Ecosystem expands with y00t's migration and Lens' expension, and Bitcoin Ordinals NFTs saw 714K inscriptions

In February, $BLUR's launch on the Blur platform led to a surge in Ethereum NFT trading volume, with daily volumes hitting $114 million and a weekly volume of $536 million.

The NFT market saw a surge in sales and volume, reaching a 90-day high. This was attributed to the launch of $BLUR, which has seen a rise in market share. Doodles also saw increased market activity due to a recent acquisition. However, there were concerns over suspected wash trading in the Ethereum NFT market.

A total of 105,628 Ordinals were inscribed on the Bitcoin blockchain, with image inscriptions being the most common at 88.12%. The collection with the highest 24-hour NFT sale was the Polygon-based collection, which made 842 ETH in 7 days, with 1,365 sales averaging 0.61 ETH per sale. Finally, Blur experienced a 90-day high in daily sales, with 29,442 sales and 0.3 ETH per sale made by 5,505 users.