Big Increase in Pendle Price

The price of the crypto currency Pendle (PENDLE) has shown an impressive increase of 130% in the last few months. This increase is seen as an indicator of the increased confidence and interest of investors and market participants in the project. Factors Leading to the Growth of Pendle The significant increase in the price of Pendle is due to a surge in the total value locked (TVL) in the Pendle protocol, rising from $230 million to $4 billion. This demonstrates an increase in user participation and adoption of tokenization services. The increase in TVL indicates a rise in liquidity and usage within the network, signaling the attractiveness of the returns Pendle can offer in the decentralized finance (DeFi) world. Despite the recent price increase, a 20.38% drop in trading volume is a point to consider for investors. However, trading at $7.20 with a 23.39% increase in the last 24 hours […]

Big Increase in Pendle Price

The price of the crypto currency Pendle (PENDLE) has shown an impressive increase of 130% in the last few months. This increase is seen as an indicator of the increased confidence and interest of investors and market participants in the project.

Factors Leading to the Growth of Pendle

The significant increase in the price of Pendle is due to a surge in the total value locked (TVL) in the Pendle protocol, rising from $230 million to $4 billion. This demonstrates an increase in user participation and adoption of tokenization services.

The increase in TVL indicates a rise in liquidity and usage within the network, signaling the attractiveness of the returns Pendle can offer in the decentralized finance (DeFi) world.

Despite the recent price increase, a 20.38% drop in trading volume is a point to consider for investors. However, trading at $7.20 with a 23.39% increase in the last 24 hours indicates strong momentum for the project.

Important Investors Showing Interest in Pendle

Arthur Hayes, co-founder of BitMEX, one of the leading figures in the crypto market, has made positive comments on the rise of Pendle, revealing his trust and expectations. According to Etherscan data, Hayes holds 1.4 million PENDLE tokens in his wallet, with a value exceeding $10 million.

Useful Information for the Reader

– The 130% monthly increase in Pendle’s price indicates growing investor confidence.
– The increase in the value of locked assets in the protocol has been influential in this growth.
– TVL increase signifies expanding user base and increased ecosystem usage.
– The investment in Pendle by market leaders like Arthur Hayes indicates promising prospects for the project.

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