According to data sourced from user @beetle from Dune Dashboard, nonfungible token (NFT) marketplace Blur has facilitated 8,820 Ether, or roughly $16.37 million, in loans through perpetual NFT lending protocol Blend one day after its launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for loans, which was developed in conjunction with venture capital firm Paradigm.
Together, the Azuki, Wrapped CryptoPunks and Milady NFT collections represent the largest collateral, with over 8,000 Ether (ETH) worth in market value pledged. The top Blur lender, who has issued 58 loans worth 1,180 ETH, is Taiwanese celebrity Jeff Huang, also known as Machi Big Brother.