BEND has experienced a 7.5% drop in the past 24 hours, and has been in a long-term downtrend since mid-February.

According to CoinGecko data on July 2nd, BEND (BendDAO) has been in a long-term downtrend since hitting a phase high of $0.03 on February 13th of this year. Today, it briefly fell below $0.0041 and is currently trading at $0.00414, a 24-hour decrease of 7.5%. As previously reported by BlockBeats, according to DeFiLlama data, the TVL of multiple NFT lending protocols experienced significant declines within one day due to the impact of the downturn in prices of blue-chip NFTs such as Azuki and BAYC. BendDAO Lending TVL fell by 43.02% in a single day and is currently at $71.39 million.