Pendle, a high-profile name in the DeFi sector, has been at the forefront of several crucial market developments in the recent past. The platform has announced a strategic partnership with
UsualMoney to launch
$USUALx, while expanding yield opportunities with new
Bitcoin pools. Pendle also introduced
V2, hailed as a
permissionless yield trading protocol, marking a significant upgrade. Importantly,
Whales have reportedly been staking Pendle, signifying potential for a price surge. In view of analyst predictions, Pendle eyes new all-time high by 2025. New
yield opportunities have been extended to Bitcoin holders, with Pendle's new pools offering yields as high as 45%.
Arthur Hayes, however, recently moved to sell his Pendle holdings, sparking speculation in the market. Nevertheless, derivative traders have stepped in to keep the Pendle price on track. Pendle's price experienced a surge following a listing on
Upbit and optimism in the market. An investment by
Crypto VC firm Spartan Capital further signals the platform's growth potentials. Yet, despite these positive indicators, the platform recently experienced a
TVL drop of 40%. Furthermore,
Binance recently completed the integration of Pendle on its BNB smart chain, opening up deposits and withdrawals for the coin.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Wed, 26 Mar 2025 10:48:32 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 2
