Blend Generated More Than $365M In Borrowing Volume In May

Coin Edition
Coin Edition

28 Jun 2023 9:21 AM

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.

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You May Ask

How much borrowing volume did Blur.io's Blend generate in May?What caused the drop in BLUR's price?What is BLUR's current trading volume?Where is BLUR's price currently trading in relation to the EMA lines?What are the potential support and resistance levels for BLUR's price in the next 24-48 hours?

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