$PENDLE $ETHFI $REZ Binance's growth list is ranked 2nd, with the highest daily growth of 27%.
What is the origin of pendle?
Detailed analysis for you!
[What is pendle]
Pendle is a fixed income platform.
Users can stake stETH, eETH, and rsETH on pendle to obtain income.
Pendle market value $950 million
[Token unlocking situation]
There is no upper limit on the supply of tokens.
The inflation rate is not high, and $1.7 million is unlocked every 7 days.
[Comparison of market value of projects in the same track]
Pendle belongs to the LSDFi track and ranks third in the same track.
The second place is ENA with a market value of $1.3 billion, and the leader Eigenlayer has not yet issued a coin.
For a comparison of the market value of other projects in the same track, please see the figure below.
[Revelation of the reasons for the surge]
1. Pendle has a TVL of 4.8 billion on the ETH chain and is an important part of the Ethereum ecosystem. The surge in ETH today has driven the rise of Pendle.
2. Pendle recently launched a new pool that supports 20 times the sUSDe staking income every day. The high yield attracts more people to pledge USDe, allowing Pendle's TVL to reach a new high of $5.9 billion.
[Investment advice]
Pendle's market value is already $900 million, and it is difficult to double it. It is not recommended to chase the rise.
You can wait for the price to pull back to around $5 and get on board with a small position.
Because it is deeply bound to ETH and is currently strong, don't short it.
[Where to buy]
Exchanges such as Binance, OpenSesame, and Matcha
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[Link]
Official website: https://pendle.finance/
Twitter: https://x.com/pendle_fi