Total Value Locked$533,123
TVL by Chain
Ethereum$533,123
Key Metrics
Fees 30d$34,056
Fees 30d by chain
Ethereum$34,056
Fees 7d$7,584
Ethereum$7,584
Fees 24h$1,078
Ethereum$1,078
Cumulative Fees$1.68m
Ethereum$1.68m
Revenue 30d$16,976
Revenue 30d by chain
Ethereum$16,976
Revenue 7d$3,777
Ethereum$3,777
Revenue 24h$528
Ethereum$528
Cumulative Revenue$714,456
Ethereum$714,456
Holders Revenue 30d$16,976
Holders Revenue 30d by chain
Ethereum$16,976
Holders Revenue 7d$3,777
Ethereum$3,777
Holders Revenue 24h$528
Ethereum$528
Cumulative Holders Revenue$714,456
Ethereum$714,456
Staked$0
Active Loans$3.58m
Protocol Information
BendDAO is a decentralized peer-to-pool based NFT liquidity protocol.
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFees: Interest paid by borrowers on NFT-collateralized loans + redemption fines (max(5% debt, 0.2 ETH)) paid to auction bidders.View code on GitHubRevenue: Protocol's share of borrow interest, 100% claimable by veBEND holders proportionally, distributed weekly as BWETH.View code on GitHubHolders Revenue: Protocol's share of borrow interest, 100% distributed to veBEND holders proportionally.View code on GitHubCompetitors
BendDAO Lending V1 history
TVL is the default DefiLlama definition, which excludes Active Loans, Staking, and Pool2. Daily values are UTC snapshots from May 19, 2022 to Oct 28, 2026.
All-time high TVL: $241.62m on Feb 21, 2023. All-time low TVL: $60,169 on Jun 2, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $583,972 |
| Sep 30, 2026 | $593,472 |
| Oct 1, 2026 | $583,380 |
| Oct 2, 2026 | $582,391 |
| Oct 3, 2026 | $573,102 |
| Oct 4, 2026 | $578,173 |
| Oct 5, 2026 | $592,700 |
| Oct 6, 2026 | $578,680 |
| Oct 7, 2026 | $568,635 |
| Oct 8, 2026 | $546,126 |
| Oct 9, 2026 | $531,824 |
| Oct 10, 2026 | $532,223 |
| Oct 11, 2026 | $532,345 |
| Oct 12, 2026 | $531,806 |
| Oct 13, 2026 | $480,394 |
| Oct 14, 2026 | $503,468 |
| Oct 15, 2026 | $473,344 |
| Oct 16, 2026 | $459,131 |
| Oct 17, 2026 | $468,631 |
| Oct 18, 2026 | $468,791 |
| Oct 19, 2026 | $465,398 |
| Oct 20, 2026 | $461,263 |
| Oct 21, 2026 | $475,419 |
| Oct 22, 2026 | $491,060 |
| Oct 23, 2026 | $468,211 |
| Oct 24, 2026 | $509,036 |
| Oct 25, 2026 | $494,825 |
| Oct 26, 2026 | $485,995 |
| Oct 27, 2026 | $504,740 |
| Oct 28, 2026 | $531,616 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $23.14m |
| Dec 31, 2024 | $17.85m |
| Jan 31, 2025 | $7.99m |
| Feb 28, 2025 | $6.98m |
| Mar 31, 2025 | $5.49m |
| Apr 30, 2025 | $6.09m |
| May 31, 2025 | $6.46m |
| Jun 30, 2025 | $6.06m |
| Jul 31, 2025 | $8.73m |
| Aug 31, 2025 | $9.51m |
| Sep 30, 2025 | $9.21m |
| Oct 31, 2025 | $1.27m |
| Nov 30, 2025 | $298,975 |
| Dec 31, 2025 | $145,349 |
| Jan 31, 2026 | $132,138 |
| Feb 28, 2026 | $103,116 |
| Mar 31, 2026 | $63,559 |
| Apr 30, 2026 | $70,928 |
| May 31, 2026 | $62,542 |
| Jun 30, 2026 | $87,133 |
| Jul 31, 2026 | $556,539 |
| Aug 31, 2026 | $645,934 |
| Sep 30, 2026 | $593,472 |
| Oct 28, 2026 (latest) | $531,616 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $89.17m |
| Dec 31, 2023 | $50.77m |
| Dec 31, 2024 | $17.85m |
| Dec 31, 2025 | $145,349 |
Fees, revenue and holders revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2025 | $48,589 | $17,003 | $17,003 |
| Jun 2025 | $70,498 | $24,669 | $24,669 |
| Jul 2025 | $90,924 | $31,821 | $31,821 |
| Aug 2025 | $121,587 | $42,571 | $42,571 |
| Sep 2025 | $113,983 | $39,890 | $39,890 |
| Oct 2025 | $257,091 | $89,983 | $89,983 |
| Nov 2025 | $297,561 | $129,981 | $129,981 |
| Dec 2025 | $176,161 | $87,190 | $87,190 |
| Jan 2026 | $176,056 | $88,016 | $88,016 |
| Feb 2026 | $111,616 | $55,607 | $55,607 |
| Mar 2026 | $8,545 | $4,248 | $4,248 |
| Apr 2026 | $31,127 | $15,298 | $15,298 |
| May 2026 | $31,326 | $15,337 | $15,337 |
| Jun 2026 | $24,225 | $12,111 | $12,111 |
| Jul 2026 | $26,798 | $13,344 | $13,344 |
| Aug 2026 | $30,200 | $15,069 | $15,069 |
| Sep 2026 | $34,401 | $17,142 | $17,142 |
| Oct 2026 (to date) | $31,538 | $15,704 | $15,704 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/benddao-lending-v1
Frequently asked questions
What is BendDAO Lending V1's TVL?
As of Oct 28, 2026, BendDAO Lending V1 has $533,123 in total value locked. TVL has decreased 11.8% over the past 30 days.
What chains does BendDAO Lending V1 operate on?
BendDAO Lending V1 operates on Ethereum. Ethereum holds the largest share at 100%.
How much has BendDAO Lending V1 generated in fees and revenue?
Over the past 30 days, BendDAO Lending V1 generated $34,056 in fees. Of that, $16,976 was protocol revenue. Based on the trailing year, the annualized rate is $1.03m in fees and $486,962 in revenue.
How does BendDAO Lending V1's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, BendDAO Lending V1 ranks #4 by TVL. The category holds $7.43m across 32 protocols, and BendDAO Lending V1 accounts for 7.2% of that total. Similar protocols include Gondi V3, Blur Lending, JPEG'd, Arcade.xyz, Revest Finance, Pine Protocol, Llamalend, OpenSky Finance, NFTfi, and Drops.
How much has been borrowed through BendDAO Lending V1?
As of Oct 28, 2026, BendDAO Lending V1 has $3.58m in active loans.