DappRadar Insights on NFT Lending Market

The NFT lending market, which allows holders to take out loans against their non-fungible tokens, has experienced a significant downturn. According to DappRadar, a blockchain analytics platform, the market has seen a 97% drop in volumes from a peak of approximately $1 billion in January 2024 to $50 million in May 2025. This decline is attributed to a collapse in both volumes and user activity.

DappRadar analyst Sara Gherghelas highlighted in a report on May 27, 2025, that for the NFT lending sector to recover, it requires new catalysts. One such potential catalyst is the integration of real-world assets with NFTs. This could include tokenized real estate or yield-bearing assets, which might provide more stable and trusted collateral sources. Despite the existing infrastructure and active platforms, the sector has not seen a compelling reason for a resurgence in 2025.

Solana’s Performance Outshines Ethereum

In contrast to the challenges faced by the NFT lending market, the Solana (SOL) blockchain has been performing robustly. According to a report by Coingape on May 26, 2025, Solana has outpaced Ethereum in network fees for seven consecutive weeks. This performance has positioned Solana as a strong contender in the blockchain space, with its price targeting the $184 resistance level.

Technical indicators, such as an ascending triangle pattern and an MACD buy signal, suggest that Solana’s price may soon surpass this resistance. At the time of the report, SOL was trading at $177, marking a 3% intraday gain after rebounding from a daily low of $169. The network’s 24-hour trading volumes stood at $3 billion, with a market cap of $92 billion.

DappRadar Fundamentals

As of May 26, 2025, DappRadar, a cryptocurrency, had a close price of $0.00367094. The asset’s 52-week high was recorded on November 13, 2024, at $0.0155422, while the 52-week low was on April 6, 2025, at $0.0023368. The market capitalization for DappRadar stood at $3,476,675.70.