Pendle Finance Token Holds Above $5 as Record TVL and Integrations Drive Momentum
Sustained integrations have driven record liquidity, prompting analysts to foresee a move toward PENDLE’s prior $7.50 high.
Overview
- PENDLE holds at about $5.30 after reclaiming support above $5 following a confirmed bull flag breakout.
- Total value locked remains at a record $5.2 billion with $4.3 billion of USDe locked, $3 billion collateralized on Aave.
- Looping yield positions drive recurring fees by splitting USDe into Principal Tokens, locking fixed yields then borrowing USDC to compound at net yields near 8.8%.
- A Pendle-linked multisig transferred 900,000 PENDLE (roughly $4.65 million) to Binance in a move interpreted as liquidity management.
- New Boros strategies, fiat on-ramps, expanded HyperEVM pools; these initiatives broaden access, positioning PENDLE to reclaim its $7.50 peak.