Chain Wise Heart
@l798745mgbfjf
Blend’s Loan Dominance Peaked at $500M/month in 2023, now ~$50M LTV Ratios: 25-40% for blue chips (BAYC, CryptoPunks) Risk: Illiquid collateral caused 70%+ liquidation spikes in downturns Fractionalization (Unlockd, NFTX) Total Volume: <$150M lifetime Problem: Fragmented ownership kills collectibility Outlook: NFT lending survives for whales; fractionalization needs RWA-backed NFTs to scale.
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