Blend's first week performance is impressive: NFT lending volume experienced a big pump of 370.5%, with Milady leading the rise at 30.1%.

Blend has performed remarkably since its launch a week ago, with a significant rise in the NFT lending sector. Compared to last week, the loan volume surged by 370.5%. This week, a certain platform dominated the trading volume, accounting for as much as 74.6% of the share.

Data shows that Blend has facilitated loans of 39,112 ETH to date, involving 2,387 transactions. The average loan amount is 16.39 ETH.

Currently, there are still 432 active loans involving 3,320 ETH. This means that 81% of the loans in the first week have been settled. It is worth noting that the current average loan size has decreased to 7.68 ETH, which may reflect users' increased awareness of the risks associated with high-value loans.

The number of loans throughout the week showed a downward trend, decreasing from 499 on the first day to 295 on the seventh day. This may be due to a fading novelty and increased risk awareness, with high Gas fees also potentially being one of the influencing factors.

Despite the considerable weekly volume, participants are relatively concentrated. There are only 574 borrowers and 501 lenders, reflecting the common phenomenon in the NFT market where a few users dominate most transactions.

In terms of collectibles, Milady dominates the active loan volume with 62% (, followed by Azuki with 31% ) and Punks with 17% (. However, in terms of ETH value, Azuki has the highest share at 47% ), followed by Punks at 34% ( and Milady at 19% ).

Collectibles floor price changes:

• Milady: 2.789→3.63E (+30.1%)
• Azuki: 15→15.09E (+0.6%)
• Punks: 50→51.88E (+3.76%)

Milady is the only NFT series that has maintained a continuous rise in floor price. Both Azuki and Punks showed an upward trend before experiencing a significant correction.

The Blend platform is about to welcome a new NFT series, which is expected to further enrich its ecosystem.