Recent activity in the NFT-backed loan market has seen several notable transactions involving CryptoPunks and other assets. A total of 1.0 million Bitcoin was used as collateral for a loan of 40,200 USDC on Ethereum. In another transaction, a Flowty NFT-backed loan was repaid, generating a profit of 450 USDC for the lender. The loan amount was 5,050 USDC, and the borrower repaid 5,500 USDC over a duration of 150 days. CryptoPunk #1623 was refinanced for 55,000 USDC, with a new annual percentage rate (APR) reduced from 15% to 14.24% for a 30-day term. Additional loans included CryptoPunk #4635 for 32,000 USDC, CryptoPunk #4772 for 72,000 USDC, and CryptoPunk #4725 for 45,000 USDC, with the latter's APR decreasing from 15% to 8% for a 90-day term. Lastly, CryptoPunk #3704 and CryptoPunk #7898 both secured new loans of 42,000 USDC each.