Pendle (PENDLE) thrives on HyperEVM, reaching $92M TVL within just 5 days
Main Idea
Pendle (PENDLE) achieved significant growth on HyperEVM, reaching $92M in TVL and $87M in trading volume within five days, with potential for a 70% price rally.
Key Points
1. Pendle recorded $92 million in TVL and over $87 million in trading volume within five days of launching on HyperEVM.
2. Strategic collaborations with Felix Protocol and HyperLend contributed to $32 million in Principal Token TVL.
3. PENDLE's price is positioned for a potential 70% rally to $6.60, supported by bullish technical indicators.
4. HyperEVM's low-cost and fast transactions have fueled robust user activity and growth for Pendle.
5. The protocol's integration with advanced DeFi platforms highlights its focus on democratizing access to fixed-yield products.
Description
Pendle went live on HyperEVM on July 30, marking a notable step in expanding its fixed yield system. Meanwhile, the tokenization protocol has witnessed a remarkable debut. Pendle has confirmed recording $92 million in TVL (total value locked) and over $87 million in trading volume within five days. The impressive performance has propelled it into the top eleven decentralized finance (DeFi) platforms on DeFiLlama. @ · Follow Pendle on HyperEVM in just 5 days:• $92M TVL• $87M Trading Volume• $32M ...
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