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.
- 🎨 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
🎤 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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