PANews reported on May 28 that according to Cointelegraph, blockchain analysis platform DappRadar said that real-world assets linked to NFTs may become a key catalyst to reignite the declining NFT lending industry. The industry is currently in trouble with a sharp decline in transaction volume and user activity. DappRadar analyst Sara Gherghelas reported on May 27 that NFT lending market transaction volume dropped sharply from a peak of about US$1 billion in January 2024 to US$50 million in May, a drop of 97%. She said that NFT lending needs a "new catalyst" to revive, and real-world assets NFTs such as tokenized real estate can provide more stable and reliable collateral.

In addition, since January last year, borrower activity has fallen by 90%, lenders have fallen by 78%, the average NFT loan size has fallen from a peak of $22,000 in 2022 to $4,000 in May, and the average loan term has also shortened. At present, the industry seems to be waiting for market recovery or new use cases to rekindle vitality.