Arcade Celebrates Year in Review, Looks Ahead to 2024

Arcade Celebrates Year in Review, Looks Ahead to 2024

Arcade, a leading NFT lending platform, celebrated its landmark 2023 and shared a glimpse into the future - which will include $ARCD transferability, multi-chain support, and more. 

The Deets

  • 📈 Record-breaking $165m+ in total loan volume in 2023.
  • ğŸŽ¨ High-value NFTs including PFPs, 1/1 art, and RWA NFTs were featured in the Arcade Gallery.
  • 🌐 ArcadeDAO's and $ARCD establishment marks a major shift towards decentralized governance.
  • 2024 Plans: Multi-chain support, $ARCD transfers, more ways to lend and earn. 

The Bulk

Arcade, one of the leaders in NFT financialization and lending, solidified itself in 2023 with more than $165 million in total loan volume across its platform. 

The formation of ArcadeDAO was a pivotal moment, marking a significant step towards decentralized governance and future of the protocol by establishing its $ARCD token.

With $ARCD, Arcade has placed the power of decision-making into the hands of its community. And in 2024, that community will have even more to look forward to. 

In a peek into the future, the company shared that v4 will come in 2024 alongside multi-chain support, more ways to earn and lend, $ARCD transferability, and more. 

📊 By the Numbers

  • Active borrow: $15.5M
  • Total Volume: $127M USD (60,000 ETH)
  • Rollover Volume: $85M
  • Yield Generated: $2.25M
  • Average Loan Size: $42K

ğŸŽ¤ Founder Feedback

2023 was an active year for the dev team behind Arcade. Major product launches, new features & protocol upgrades such as Arcade V3, ArcadeDAO governance system & ARCD were added to the growing Arcade ecosystem. More is comingArcade

🔜 What's Next?

Looking ahead to 2024, Arcade plans to expand its scope with new features like V4, pro-rated loans, partial repayments, multichain support, $ARCD transferability, enhancing the RWA lending at scale.

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