<ul><li>The NFT lending market has seen a significant decline, with loan volumes dropping by 97% from the January 2024 high.</li><li>The downturn is attributed to the broader slump in the NFT market, with top-tier collections experiencing significant price drops, impacting lending activity.</li><li>Average NFT loan amounts have decreased by 71% yearly, signaling a shift in borrower behavior towards using less valuable NFTs or avoiding heavy leverage.</li><li>To reignite the sector, experts suggest integrating real-world asset NFTs, simplifying interfaces, and evolving towards smarter infrastructure for NFT lending services.</li></ul>

NFT Lending Tanks 97%: Can The Sector Find a New Life?

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