$PENDLE What happened? Can't stop falling?
Data shows: eFi protocol Pendle has withdrawn nearly $3 billion in deposits since last Wednesday due to the expiration of multiple market products, most of which are liquidity re-pledged tokens. On Monday, the total value of user deposits fell to $3.7 billion, and Pendle's total locked value (TVL) fell 40% in the past week.
Pendle's capital outflow also affected the related protocol Zircuit, whose deposit value fell 15% in a week.
Pendle is a yield trading protocol that divides yield-generating assets into principal and yield parts, allowing users to earn regular or current returns.
PENDLE is a utility token used for liquidity incentives, governance, and fee value accumulation.
Current supply 258,446,028 PENDLE. Current supply market value $1.83 billion. Circulation 155,000,000 PENDLE. Market capitalization $635 million
This month, another 147,800 pendle will be unlocked. Judging from the three-day line, there is no sign of a bottom-up.
With the subsequent unlocking, it is not a good time to buy at the bottom