Blend Generated More Than $365M In Borrowing Volume In May
During May, Blur Lending (Blend) generated more lending volume than most of its competitors were able to in a year. Read more on CE....
- Blur.io's Blend generated over $365 million in borrowing volume during May, surpassing most competitors in the NFT space.
- Despite its success, BLUR's price dropped by more than 15% in the past day, trading close to its daily low of $0.3547.
- BLUR's 24-hour trading volume increased by 142.83%, reaching around $249 million.
- From a technical perspective, BLUR's price is currently trading between the 9-day and 20-day EMA lines, resting on the minor support level at $0.3506.
The article provides a mix of positive and negative sentiment. The success of Blur.io's Blend in generating a high borrowing volume is positive, but the drop in BLUR's price and the potential for further decline introduce negative sentiment.