Data: In January, the NFT lending amount exceeded 18,000 ETH, reaching a new high since May last year

ChainCatcher news, according to a report from digital asset analysis company eBit labs, the total amount of NFT lending in January 2023 has returned to its highest level since May 2022. In the first week of January alone, the amount of NFT lending exceeded 6,000 ETH, marking the first time in over nine months.

As of the time of publication, the total lending amount for January has surpassed 18,000 ETH (approximately $30,516,660). According to the report, "The availability of NFT lending meets market demand and helps drive the ongoing development and improvement of the entire NFT ecosystem. The factors driving lending are diverse, but it is clear that lending can meet both short-term and long-term liquidity needs, as well as provide valuable market value hedging." (source link)