Pendle Coin (PENDLE) is making waves across the crypto landscape with numerous developments and significant moves. As a tokenized yield opportunity, Pendle avails DeFi investors with new opportunities and has seen its Total Value Locked (TVL) reaching a staggering record of $8.3 billion after its yield-trading platform debut. Pendle is being integrated into other solutions such as Ethena, causing Ethena (ENA) to surge over 25% and is leading the stablecoin DeFi wave, dominating the yield market with views that it is set to pioneer the yield market. The inclusion of PENDLE on Swiss Exchange by 21Shares and on the Ethereum network by Coinbase has made it more accessible to global investors. Projections are being made on Pendle's potential growth with price estimates that it could reclaim $4.5 or even reach $10 through 2024-2030. The price of PENDLE has experienced significant movement, from breaking above $5 with a +26.62% raise in a single day to Arthur Hayes taking profit from his PENDLE investment. Despite any perceived setbacks, Pendle remains a robust player in the crypto game moving forward. However, network TVL reportedly dwindled by 47% and the future outcome of PENDLE's price remained uncertain. With BitMex's Arthur Hayes sacking 100,000 coins from Binance, supporters predict a price rally. Amid this situation, voluntary yield with Pendle is being promoted.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Mon, 27 Oct 2025 06:20:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 3