Researchers at Paraspace and BitKeep said that NFTFi added $25 million in outstanding loans from January to March. Also contributing was the introduction of a digital collectible lending protocol by NFT marketplace Blur, which surpassed $16 million in loans one day after its launch, led by Taiwanese celebrity Machi Big Brother. Yet, the real impetus was the invention of Bitcoin Ordinals, which boosted total NFT market transaction volume to $1.5 billion in March but shrunk to $330 million in May. Despite the growth, however, Paraspace and BitKeep researchers warned that liquidity concerns remain a constant theme in the sector:
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Source: Cryptocurrency - investing.com
