Fluent drops 22% – Can $39.86M loans support BLENDs rebound？
After its first real burst of momentum since landing on Coinbase and other major exchanges just four days ago, Fluent [BLEND] price action has witnessed a sharp correction. The token prices have shrunk by about 22% over the last 24 hours. That kind of reaction is notable, especially for a newly listed asset still finding its price range. Fresh listings often move on hype early, then settle into volatility. BLEND appears to be entering that second phase now, where price is no longer reacting to exposure alone but also to how the market is digesting activity around the protocol. TVL drops, but lending activity tells a different story At first glance, the decline in Total Value Locked may look like a warning sign. But the decline becomes more interesting when placed next to the rise in active loans across the network. This pattern suggests that capital is being used more frequently. The idle capital is being used more effectively, to be exact. This indicates that while the locked value is decreasing, protocol use need not be decreasing at the same time. The tokens active loans have surged to $39.86 million as of writing, which could translate to more revenues for the network from interests. When