NFT Lending Plummets by 97%: Is There Potential for Revival?

The NFT lending market has experienced a significant slowdown, with loan volumes falling 83% since January 2025 and 97% from January 2024. At its peak, platforms like Blur’s Blend and NFTfi attracted traders looking to access liquidity without selling their NFTs.

However, decreased interest indicates that the hype around NFT lending is waning in light of current market conditions. This downturn is linked to the wider slump in the NFT market, with many top-tier collections seeing a drop in their floor prices. To rekindle the sector, new strategies such as integrating real-world asset NFTs, simplifying interfaces, and evolving beyond traditional peer-to-peer lending towards smarter infrastructure could be essential.