↑ Pendle Coin: The New DeFi Powerhouse Impressing Whales and Yield-hungry Investors Alike?

Pendle coin seems to be a trending topic in the crypto market. As a tool for tokenized yield, it's been recorded that the Total Value Locked (TVL) of Pendle has reached a record $8.3B following its debut as a yield-trading platform. This solid performance has driven the price of Pendle to hit a 6-month high, increasing by over 20% in one day. Predictions have surfaced that its price could potentially explode to $7 under certain market conditions. Major crypto players are also starting to notice Pendle, with Ethereum whale making a substantial $6.6M bet on Ethena following its integration with Pendle Finance. The market seems optimistic about Pendle’s future potential, as coverage suggests that the coin could be leading the stablecoin DeFi wave and dominating the yield market by 2025. Despite a temporary price stall due to team wallet dumps, Pendle has been quickly adopted by various trading platforms, even expanding onto the BNB chain. Its implementation of new pools offering high Bitcoin yields up to 45% has also generated considerable interest. However, be cautious while investing as not all opinions are bullish, with Arthur Hayes reducing his PENDLE holdings sparking a bit of controversy. Yet, positive perception remains, with Pendle being enlisted on Coinbase and more recently, the German domain of Coinbase.

PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Sat, 11 Oct 2025 09:29:00 GMT - Rating 7 - Innovation 5 - Information 6 - Rumor 4