Ask about Blend
Logo of BlendBlend(BLND)
Total Value Locked$132.72m

TVL by Chain

Stellar$132.72m

Key Metrics

Fees (Annualized)$4.61m
Fees 30d$459,542

Stellar$459,542

Fees 7d$117,436

Stellar$117,436

Fees 24h$18,007

Stellar$18,007

Cumulative Fees$4.76m

Stellar$4.76m

Revenue (30d Run Rate)$0
Revenue 30d$0

Stellar$0

Revenue 7d$0

Stellar$0

Revenue 24h$0

Stellar$0

Cumulative Revenue$0

Stellar$0

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Stellar$0

Holders Revenue 7d$0

Stellar$0

Holders Revenue 24h$0

Stellar$0

Cumulative Holders Revenue$0

Stellar$0

Market Cap$1.43m

$BLND Price$0.04

All Time High$0.12

All Time Low$0.024

View $BLND token page

$2.71m

$BLND Volume 24h$698.41

CEX Volume$0

DEX Volume$1,276.75(182.81% of total)

Active Loans$53m

Protocol Information

Blend is a modular liquidity protocol, allowing anyone to create flexible lending markets.

Category:Lending

WebsiteGitHub

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Blend Pools - Total borrow interest accrued across Blend v1 pools.View code on GitHubBlend Backstop V2 - Interest paid by Blend v2 borrowers that goes to backstop depositors.View code on GitHubBlend Pools V2 - Interest paid by Blend v2 borrowers that goes to lenders.View code on GitHub

Revenue:

Blend Pools - Blend v1 does not retain protocol revenue from pool borrow interest.View code on GitHubBlend Backstop V2 - The Blend protocol does not keep treasury revenue from backstop interest.View code on GitHubBlend Pools V2 - Blend v2 does not retain protocol revenue from pool borrow interest.View code on GitHub
Holders Revenue: View code on GitHub

Yields

Pools Tracked5

Average Supply APY3.64%

Hacks

Date: Feb 22, 2026

Protocol: Blend Pools V2

Amount: $10.97m

Classification: Protocol Logic

Technique: Price Oracle Manipulation

Chains: Stellar

Target Type: DeFi Protocol

Competitors

Blend Pools V2 ($132.67m)Templar Protocol ($28.71m)Blend Pools ($51,044.31)Peridot ($1,298.87)Slender ($90.88)

Frequently Asked Questions

What is Blend?

Blend is a modular liquidity protocol, allowing anyone to create flexible lending markets.

What is Blend's TVL?

Blend currently has $132.72m in total value locked. TVL has increased 1% over the past 30 days.

What chains does Blend operate on?

Blend operates on Stellar. Stellar holds the largest share at 100%.

How much has Blend generated in fees and revenue?

Over the past 30 days, Blend generated $459,542 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $4.61m in fees.

What is the BLND token price and valuation?

BLND is currently trading at $0.04. Its circulating market capitalization is $1.43m, ranking it #2,971. Its fully diluted valuation is $2.71m. Supply currently stands at 35.27m circulating, 67.14m total supply.

How has BLND performed recently?

BLND is up 3.5% over the past 7 days and down 9.9% over the past 30 days. Its all-time high is $0.12, reached on Nov 27, 2024. The token is currently 67.5% below that level.

Which protocols are included in Blend?

Blend is a parent protocol whose tracked products include Blend Pools V2, Blend Pools, Blend Backstop, and Blend Backstop V2.

How much has been borrowed through Blend?

Blend currently has $53m in active loans.

Has Blend ever been exploited?

Blend has 1 recorded security incident. The most recent incident occurred on Feb 22, 2026 and involved $10.97m. It was classified as Protocol Logic.