Pendle’s Price Surge Captures Investor Attention
Pendle‘s (PENDLE) price has soared by an astonishing 130%, successfully recapturing the attention of investors.
The significant monthly uptick indicates increased confidence in PENDLE’s potential and its core value proposition, garnering substantial interest from market participants.
PENDLE’s Rise Captivates Investors
The recent surge in PENDLE’s price has enchanted investors, with the altcoin registering a notable 130% increase in value over the past 30 days alone. Although various factors contributed to this rise, the primary catalyst was the exponential growth in the total value locked (TVL) within the Pendle protocol.
Data from DeFiLlama indicates that Pendle’s TVL has skyrocketed from $230 million at the start of 2024 to over $4 billion currently, showing a significant increase in user engagement and adoption of yield tokenization services.
