CryptoPunk Sale on GONDI Nets Borrower 9.​3 wETH Profit

🤑 Punk Loan Flip Revealed

By Gondi
Mar 6, 2025, 5:52 PM
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Photo by Gondi

A CryptoPunk (#3517) under an active 30-day loan on GONDI was sold for 39.​5 wETH.​ The transaction occurred on day 18 of the loan term:

  • Lender received: 30 wETH principal + 0.​21 wETH interest
  • Borrower profit: ~9.​3 wETH

This sale follows recent significant GONDI developments:

  • Platform reached $100M TVL
  • Currently manages 1,200 active NFT loans ($42M outstanding)
  • Holds 83% of NFT stablecoin loan market
  • Supports 128 whitelisted collections

GONDI continues to demonstrate strong growth in the NFT lending space

Sources

GONDI’s marketshare has grown significantly over the past several months, now accounting for 45% of the entire NFT lending market. 📈 With $44M in outstanding NFT loan debt, it continues to highlight the financial potential that NFTs are capable of!

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Total Loan Volume, January 2025: $26,892,492💰🥂 ️Total NFT Loans (Originations, Renegotiations, Refinances): 604 ️NFT loan Defaults: 6 Top 3 NFT Collections: - CryptoPunks: $11,177,297 / 141 loans (orig/refi/reneg) - Pudgy Penguins: $1,705,299 / 50 loans - Fidenza by

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CryptoPunks x #GONDI • 260 Punks in outstanding loans • $26 Million in outstanding Punk loans • Top 3 USDC Loans: 🥇7-Trait Punk #8348 - $2.75M 🥈23 Punk Vault - $1.035M 🥉Ape Punk #8219 - $1M •Top 3 WETH loans: 🥇Hoodie Punk #8770 - 135 ETH 🥈Hoodie Punk #1484 - 126

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