Arthur Hayes, one of the leading names in the crypto industry, announced that he added Pendle and Dogecoin to his portfolio. According to LookOnChain, Hayes has invested over $500,000 in Pendle tokens. 🚀 Pendle price is up 25% from this week's low point to $6.20.

Pendle's total value reached $6.9 billion, making it the fifth largest DeFi network. Pendle provides investors with returns of 3.95%, 19.11% and 25% by holding stETH, eETH and rsETH, respectively.

Arthur Hayes joined the thousands of people who invested in the Pendle token. According to DEXTools data, there are 27,686 Pendle owners. However, the fact that Pendle plans to offer more tokens poses a challenge for holders.

The Pendle price has increased from a market cap of $20 million in 2021 to $896 million today.