Pendle, a decentralized finance (DeFi) platform, has seen a significant increase in both its total value locked (TVL) and trading volume, surpassing $4 billion in TVL and achieving a single-day trading volume of over $400 million on April 2, with overall trading volume exceeding $10 billion. This surge in activity has attracted attention from large investors, or 'whales', who have been actively accumulating Pendle's native token, $PENDLE, in transactions including withdrawals of 295,443; 372,752; 115,500; 384,500; 668,000; 157,000; 500,000; and 444,000 $PENDLE from Binance. The platform's unique concept of separating yield-bearing assets into underlying assets and yield has contributed to its popularity, alongside the availability of a $PENDLE/USD price feed on the API3 Market, facilitating the development of onchain products across 17 blockchains.
Because Pendle takes a percent of all YT points, which means they've accumulated a genuinely unbelievable number of points for the protocol. Smart money understands this and has been betting on a Pendle windfall. https://t.co/LWF3xmujRs
Because Pendle takes a percent of all YTs points, which means they've accumulated a genuinely unbelievable number of points for the protocol. Smart money understands this and has been betting on a Pendle windfall. https://t.co/LWF3xmujRs
The PENDLE/USD price feed is now available on the API3 Market. $PENDLE is the native governance token of @pendle_fi's permissionless yield-trading protocol. Start using this new data feed to build onchain products across 17 blockchains today. 🛠️ https://t.co/pLzecYdchr
Pendle is now a new DeFi major with $4B TVL and deposits are on the rise. But a few realize Pendle is forming an ecosystem around its assets. Now, let's explore some protocols that earn you more yields on Pendle. 🧵🧠 https://t.co/u95cZjjrcv
A fresh #whale accumulated 668K ($4.49M) $PENDLE from #Binance in past 4 days👀 moneyflow: https://t.co/amWBdGg5oz Seems it's still bullish on @pendle_fi and waiting for next pump. Follow @ScopeProtocol and @0xScopescan for more updates. https://t.co/N6fnKR7ePP
With the booming in TVL & Trading volume, $PENDLE attracted more whales. In last 7 days, some fresh wallets accumulated $PENDLE: ✅ 0xe67 bought 668k ($4.61M) ✅ 0x100 bought 157k ($1M) ✅ 0xAa4 bought 500k ($3.13M) ✅ 0x3Ed bought 444k ($2.58M) https://t.co/wYKXL9NeSh
TOTAL VALUE OF CRYPTO HELD ON PENDLE EXCEEDS $4 BILLION Pendle's unique concept of separating yield-bearing assets into underlying assets and yield has gained popularity, with trading volume exceeding $10B and hitting over $400M in a single day on April 2. Source: The Block https://t.co/bkgrlXOAuu
Whales continue to accumulate $PENDLE! 0xe675 withdrew 295,443 $PENDLE($1.95M) from #Binance 3 hours ago and 372,752 $PENDLE ($2.46M) from #Binance 3 days ago. 0xAa4c withdrew 115,500 $PENDLE($764K) from #Binance 30 mins ago and 384,500 $PENDLE($2.54M) from #Binance 4 days ago.… https://t.co/w1MZTUHSZp