NFT Lending Has Fallen +95% Since Its ATH – DappRadar
The non-fungible token lending market, once seen as the only sector that could have rescued the global non-fungible token market from the liquidity crisis and market stabilization, is in a critical state right now, with reports indicating that the sector is down over 95% from its peak season in 2024. In this article, we shall explore in depth what went wrong as well as what can be done to rescue this dying sector. NFT Lending Falls 97% From ATH Data compiled by DappRadar.com, an on-chain crypto market data aggregator and non-fungible token explorer, shows that the non-fungible token lending volume has plummeted by 97% since its all-time high in January 2024. It has fallen from nearly $1 billion to just over $50 million as of May 2025. During this period, the number of liquidity borrowers has fallen by 90% while the number of lenders has fallen by 78%. 📉 Volume momentum is gone From nearly $1B to just $50M in May 2025, loan volume has collapsed. Without incentives and w...