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GONDI’s Surge to NFT Lending Dominance

Even amid cooler NFT markets, GONDI has fired up and surged to dominate the NFT lending scene.
GONDI’s Surge to NFT Lending Dominance
William M. Peaster William M. Peaster
May 25, 2025 • 3 min read
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Activity around many NFT projects receded over the past couple of years. Yet one platform that bucked this trend decisively was GONDI, the NFT lending hub.

In Sept. 2023, the NFT lending market was dominated by NFTfi and Blur's Blend, which commanded 27% and 23% market share respectively. At the time, GONDI was facilitating only 1% of the activity here.

But fast forward to today, and the picture is quite different. Now GONDI accounts for a 55% market share majority in the NFT lending space, followed by Blend at 29% and NFTfi at 7%.

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William M. Peaster

Written by William M. Peaster

893 Articles • View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he writes the Metaversal newsletter on the onchain frontier, covering everything from AI projects to crypto games, as the team’s lead NFT analyst. With a background in creative writing, he writes fiction and publishes art on Ethereum in his free time.

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