NFT lending platform Arcade: Total loan volume in 2023 will exceed US$165 million, and V4 version will be launched this year

NFT lending platform Arcade released its 2023 platform review, with a record-breaking total platform loan amount of over $165 million (with an average loan size of $42,000) for the entire year of 2022. The active borrowing amount was approximately $15.5 million, with earnings of $2.25 million and a total transaction volume of 60,000 ETH. Arcade also launched major products, new features, and protocol upgrades last year (such as Arcade V3, ArcadeDAO governance system, and ARCD), which were added to the constantly evolving Arcade ecosystem. Arcade stated that the launch of ArcadeDAO and ARCD tokens marks a significant shift towards decentralized governance for the platform, and their plans for 2024 include the launch of the V4 version, support for multi-chain and ARCD transfers, as well as RWA lending services, while promoting more efficient platform functionality.