Blend, the popular decentralized lending platform, has reported that it has issued a total of 5,708 ETH in loans since its launch. The platform has emerged as a reliable option for those seeking loans against their cryptocurrency holdings, providing a seamless borrowing experience and competitive interest rates.

Azuki, a popular NFT project, has been the largest borrower on the platform, having taken out loans worth 2,831 ETH with an average annual percentage rate (APR) of 146%. Cryptopunks, another popular NFT project, has borrowed 1,832 ETH at an average APR of 25%. Meanwhile, Milady has borrowed 1,045 ETH at an average APR of 94.1%.

Blend has become a go-to lending platform for many in the cryptocurrency community due to its user-friendly interface and competitive interest rates. The platform’s largest lender, matchbigbrother.eth, has completed 33 loans on the platform, lending a total of 610.4 ETH.