What could affect the price of PENDLE?

Pendle’s price is benefiting from the growing popularity of DeFi yield products—but investors should be cautious.

1. Strong adoption of yield products – Pendle’s total value locked (TVL) remains steady at $9.3 billion despite some pools maturing.
2. Risks from DeFi leverage – $6.4 billion exposure on Aave related to USDe stablecoin loops.
3. Regulatory challenges – The SEC’s scrutiny of yield derivatives could impact Pendle’s products.

Deep Dive

1. Adoption of Yield Innovations (Positive for Pendle)

Overview: Pendle’s TVL reached $9.3 billion as of August 2025, showing consistent demand for its yield tokenization services even as some pools mature and funds flow out. Pendle now controls about half of the DeFi yield market (DeFiLlama). Key factors driving growth include:

• Boros launch: This product allows users to tokenize perpetual futures funding rates, with $35 million in daily open interest.
• Citadels: Institutional-grade yield products that comply with KYC and Shariah standards, attracting more conservative investors.
• HyperEVM expansion: Rapid growth with $515 million TVL added in just 2.5 weeks on new blockchain networks.

What this means: Pendle generates $56.8 million in annualized fees, with 80% of these fees distributed to vePENDLE token holders. Historically, every 10% increase in TVL has led to a 6-8% rise in PENDLE’s price between 2024 and 2025.

2. DeFi Liquidity Loops and Leverage (Mixed Effects)

Overview: About $4.2 billion worth of Pendle’s PT tokens are being used as collateral on Aave for leveraged yield farming (The Block). While this boosts demand, it also introduces risks. Chaos Labs warns that a 20% drop in sUSDe yields could trigger liquidations exceeding $1 billion.

What this means: High leverage can cause short-term price swings—Pendle’s price has experienced daily fluctuations averaging ±15%, compared to Bitcoin’s ±3%. However, Pendle’s large user base of 470,000 helps stabilize the price. For example, after maturity outflows on August 19, the price recovered by 22%, showing resilience.

3. Regulatory and Market Risks (Potential Headwinds)

Overview: Nearly 60% of Pendle’s yield comes from products in regulatory gray areas, such as Ethena’s USDe stablecoin. The SEC’s ongoing case against Uniswap (as of July 2025) could set important legal precedents for yield derivative protocols. Additionally, Bitcoin’s dominance at 56.5% may reduce liquidity for alternative cryptocurrencies like Pendle.

What this means: A negative regulatory decision could lead to delistings and a 30-40% drop in Pendle’s price. On the upside, Pendle’s move into real-world assets (RWA), such as tokenized U.S. Treasury bills through Converge, offers a hedge worth over $400 trillion if crypto-native yields come under pressure.

Conclusion

Pendle’s price will likely depend on how well it balances innovative yield products with the risks inherent in DeFi. Continued TVL growth and institutional adoption through products like Citadels could push Pendle back toward its all-time high of $7.50. However, investors should keep a close eye on Aave’s USDe usage and regulatory developments from the SEC regarding synthetic yield products.

Will Pendle’s expansion across multiple blockchains be enough to offset tighter leverage limits in crypto?

What are people saying about PENDLE?

The Pendle (PENDLE) community is divided between optimistic investors eager for gains and cautious traders watching important price levels. Here’s what’s currently making waves:

1. Technical breakout excitement – Traders are encouraged by positive signals like RSI and MACD indicators crossing.
2. TVL-driven rally – A total of $7.7 billion locked in Pendle’s platform is fueling talks of a 30% price jump.
3. Whale activity raises concerns – A large $4.65 million transfer of PENDLE tokens to Binance has some worried about potential profit-taking.

Deep Dive

1. @gemxbt_agent: Breaking Resistance, Targeting $5+

“PENDLE broke above the 20-day moving average and RSI is trending up – support at $4.70, resistance near $5. Volume increase could confirm this trend.”
– @gemxbt_agent (89K followers · 2.1M impressions · Aug 31, 2025, 09:01 UTC)
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What this means: This is a positive sign for PENDLE. Technical traders see the price moving past $4.70 as a sign of growing momentum toward the $5.00–$5.25 resistance area.

2. @johnmorganFL: TVL Growth Sparks 30% Rally

“Pendle’s price surged 30% alongside a $7.7 billion increase in Total Value Locked (TVL).”
– @johnmorganFL (312K followers · 850K impressions · Aug 8, 2025, 16:40 UTC)
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What this means: This is a bullish indicator for PENDLE. The rise in TVL suggests growing institutional interest in Pendle’s unique approach to yield tokenization.

3. CoinMarketCap Post: Retail FOMO Hits High, Mixed Outlook

“PENDLE jumped 27.7% in 24 hours while the overall market rose just 3%.”
– CMC Community (Posted Aug 8, 2025, 23:09 UTC · 12K views)
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What this means: Sentiment is mixed. While retail investors are excited, the strong price increase compared to the broader market could lead to a pullback if overall crypto momentum slows.

4. Cryptonewsland: Whale Moves Signal Caution

“A wallet linked to Pendle moved $4.65 million worth of PENDLE tokens to Binance after a 25% price jump.”
– Reported Aug 8, 2025, 09:50 UTC · 45K reads
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What this means: This is a bearish sign in the short term. Large transfers to exchanges often indicate upcoming selling pressure, although this wallet still holds $135 million in PENDLE.

Conclusion

The general outlook for PENDLE is optimistic but cautious. Technical momentum and TVL growth are promising but face a critical test at the $5.25 resistance level. Meanwhile, whale activity suggests potential price swings. Keep an eye on the $5.00–$5.25 range for signs of either continued gains or a pullback due to profit-taking.

What is the latest news about PENDLE?

Pendle is making waves in decentralized finance (DeFi) by showing strong total value locked (TVL) numbers and expanding across multiple blockchain networks. Here’s the latest update:

1. TVL Reaches $9.3 Billion After Asset Maturity (August 19, 2025) – Despite nearly $900 million in withdrawals, Pendle quickly bounced back, showing strong confidence in the platform.
2. Expands to BeraChain & HyperEVM (July 30, 2025) – By launching on these new blockchains, Pendle attracted over $500 million in TVL within weeks.
3. Large Wallet Moves $4.65 Million to Binance (August 8, 2025) – Following a 25% price jump, a major Pendle wallet transferred funds to Binance, sparking talk about possible selling activity.

In-Depth Look

1. TVL Reaches $9.3 Billion After Asset Maturity (August 19, 2025)

What happened: Pendle experienced $898 million in withdrawals as some assets reached maturity. However, the platform’s total value locked quickly rose to a new high of $9.32 billion. This recovery is thanks to Pendle’s unique system that breaks down assets into two parts: Principal Tokens (which can be redeemed at maturity) and Yield Tokens (which earn interest until maturity). The platform earned $56.8 million in fees annually, with $26.2 million net profit after incentives.

Why it matters: This shows that Pendle’s approach to fixed-income DeFi products is working well. Still, the regular outflows tied to asset maturity mean the platform’s growth depends on ongoing demand for these yield strategies. (NullTX)

2. Expands to BeraChain & HyperEVM (July 30, 2025)

What happened: Pendle launched on two new blockchains, BeraChain and HyperEVM, allowing users to access yield strategies across different networks through Stargate Finance bridges. HyperEVM saw fast adoption, with Pendle reaching $515 million in TVL in just 2.5 weeks, becoming the third-largest protocol on that chain.

Why it matters: Expanding to multiple blockchains helps Pendle reach more users and create new revenue streams. HyperEVM is designed for perpetual futures trading, so Pendle’s success there suggests it’s tapping into the growing market for derivatives-based yield. Watching how Pendle performs on newer chains like TON could reveal more growth opportunities. (Pendle)

3. Large Wallet Moves $4.65 Million to Binance (August 8, 2025)

What happened: A Pendle-related multisignature wallet moved 900,000 PENDLE tokens (worth $4.65 million) to Binance after the token’s price jumped 25% to $5.15. The wallet still holds $135 million in PENDLE, indicating this was likely a partial profit-taking move, not a full exit.

Why it matters: Big transfers to exchanges often signal upcoming sales, but since the wallet kept most of its tokens, it suggests ongoing confidence in Pendle. This move happened as PENDLE broke through a key price resistance at $5.25, which is now an important level to watch for continued upward momentum. (CryptoNewsLand)

Conclusion

Pendle’s strong TVL performance and expansion across multiple blockchains highlight its leadership in DeFi yield innovation. However, some of its strategies involve leverage, which can lead to risks if market conditions change suddenly. With the altcoin market heating up (CoinMarketCap’s Altcoin Season Index at 71), it will be interesting to see if Pendle’s institutional-level yield products can outpace the broader risks in DeFi.

What is expected in the development of PENDLE?

Pendle’s development is moving forward with these key milestones:

1. Boros Mainnet Launch (Q4 2025) – Introducing tokenized yield from derivatives, starting with perpetual futures funding rates.
2. Citadels Expansion (2025) – Bringing regulated yield products to institutions and blockchains outside the Ethereum ecosystem.
3. vePENDLE Upgrades (2025) – Improving governance and rewards for token holders.

Deep Dive

1. Boros Mainnet Launch (Q4 2025)

Overview:
Boros is Pendle’s new project focused on turning yield from derivatives markets into tradable tokens. It starts with perpetual futures funding rates, a market with over $150 billion traded daily. This lets platforms like Ethena manage changing funding costs and allows traders to lock in fixed returns. Early tests show $35 million in daily open interest.

What this means:
This is positive for PENDLE because it opens up a much larger market beyond just spot yields, tapping into one of crypto’s biggest sources of yield. However, there are risks, such as challenges in getting users to adopt these new derivative products.

2. Citadels Expansion (2025)

Overview:
Citadels are designed to connect Pendle’s yield technology to blockchains that don’t use Ethereum’s system (like Solana and TON) and to traditional financial institutions that follow regulations. Recent launches on HyperEVM and BeraChain reached $515 million in total value locked (TVL) in less than three weeks. Partnerships with companies like Ethena aim to build compliant yield products.

What this means:
This development is somewhat positive because institutional interest could bring steady demand, but it also means Pendle must navigate complex regulations. Success depends on making decentralized finance (DeFi) easier for traditional finance users to understand and use.

3. vePENDLE Upgrades (2025)

Overview:
Upcoming improvements include smarter fee adjustments for liquidity pools and more governance options for vePENDLE holders. Right now, 37% of all PENDLE tokens are locked up, earning about 40% annual returns from protocol fees and rewards.

What this means:
This is good news because making vePENDLE more useful could encourage more token holders to lock up their tokens, which reduces selling pressure. But if the rewards are too high without enough demand growth, it could lead to inflation and weaken the token’s value.

Conclusion

Pendle’s roadmap aims to grow by entering new yield markets (Boros), expanding access to more blockchains and institutions (Citadels), and improving token incentives (vePENDLE). While there are risks, especially around regulation and adoption, the protocol’s strong rebound in total value locked ($9.3 billion as of August 2025) shows it has staying power.

What to watch: Can Boros match the success of Pendle V2 in the derivatives market while keeping capital use efficient?

What updates are there in the PENDLE code base?

Pendle’s latest updates focus on improving incentives and expanding across multiple blockchains.

1. Dynamic Incentive Caps (July 31, 2025) – Rewards for liquidity pools now adjust based on their performance to increase efficiency.
2. Multi-Chain Deployment (July 30, 2025) – Pendle launched on HyperEVM and BeraChain, with easy asset transfers between chains.

Deep Dive

1. Dynamic Incentive Caps (July 31, 2025)

Overview: Pendle replaced fixed reward rates for liquidity pools with a new system that adjusts incentives based on how well each pool performs. Pools start with high rewards to attract liquidity, then weekly rewards change depending on the fees generated by swaps.

High-performing pools get rewards increased faster, while lower-performing pools see slower decreases. This helps reduce wasted rewards. Swap fees were lowered from 2% to about 1.3%, while fees on yield tokens (YT) were raised from 5% to 7% to better balance revenue.

What this means: This is good news for PENDLE holders because it makes token rewards more efficient, which could reduce selling pressure caused by unnecessary rewards. Lower swap fees might attract more users, and higher YT fees could increase the protocol’s income. (Source)

2. Multi-Chain Deployment (July 30, 2025)

Overview: Pendle expanded to new blockchains—HyperEVM and BeraChain—allowing users to create yield strategies that work across different networks. This is made possible through Stargate Finance’s bridging technology.

New liquidity pools like Hyperbeat USDT and Kinetiq kHype were introduced, with Hyperbeat providing 1.5 million Hearts tokens as rewards to encourage liquidity. This setup makes it easier to move assets between Ethereum, BeraChain, and HyperEVM.

What this means: This is positive for PENDLE because being available on multiple chains can attract more users and increase total value locked (TVL). Cross-chain features may boost demand for Pendle’s yield products in growing decentralized finance (DeFi) markets. (Source)

Conclusion

Pendle’s updates improve how rewards are given and expand its presence across blockchains, aiming for a balance between efficiency and growth. It will be interesting to see how these changes affect Pendle’s role in the competitive DeFi fixed-income space.

Why did the price of PENDLE fall?

Pendle (PENDLE) dropped 0.86% in the last 24 hours to $5.18, underperforming the overall crypto market, which rose 1.53%. This pullback comes after a strong 10.67% gain over the previous week and is linked to technical resistance and specific risks in the Pendle ecosystem. Key points to note:

1. Profit-taking after TVL growth – Pendle’s Total Value Locked (TVL) reached $9.3 billion in August 2025, up 45% year-over-year. However, $1.5 billion in assets matured recently, likely prompting some investors to cash out profits.
2. Technical resistance – The price is facing strong resistance near $5.25, the high from July, with the Relative Strength Index (RSI) cooling down from overbought levels.
3. Ecosystem risks – High leverage in Aave’s USDe pools, with $6.4 billion exposure, and ongoing regulatory discussions about yield tokenization have dampened market sentiment.

Deep Dive

1. Profit-Taking After TVL Milestones (Bearish Impact)

Pendle’s TVL surged to $9.32 billion in August 2025, but about $1.5 billion in assets matured and left the protocol three weeks ago. Although TVL bounced back quickly, some large holders may have sold PENDLE tokens to lock in gains from the nearly 40% rally over the past 90 days.

This selling pressure was also influenced by a multisignature wallet transferring $4.65 million worth of PENDLE to Binance on August 8 (source).

What to watch next: Stability in TVL after these maturity events and wallet activity, which can be tracked on platforms like Arkham.

2. Technical Resistance at Key Level (Mixed Impact)

PENDLE is encountering resistance around $5.25, the July high, while the 7-day Simple Moving Average (SMA) at $4.89 is providing support. The MACD indicator has turned positive, suggesting some bullish momentum, but the RSI at 56.84 indicates the price is consolidating after being overbought.

Trading volume dropped 37.23% in 24 hours to $62.48 million, signaling less buying interest. If PENDLE closes above $5.25, it could spark renewed buying. If not, the price might test support at $4.76, based on Fibonacci retracement levels.

3. Ecosystem Risk Appetite Shifts (Bearish Impact)

Pendle’s involvement with high-leverage strategies, such as looping USDe tokens on Aave, has raised concerns about systemic risks. Chaos Labs warned that if yields fall, it could trigger a chain reaction of liquidations (source).

Since about 30% of USDe’s $11.4 billion supply is connected to Pendle markets, any volatility in yields could affect demand for PENDLE. Additionally, regulatory scrutiny of decentralized finance (DeFi) yield products adds uncertainty in the medium term.

Conclusion

Pendle’s recent price dip reflects profit-taking after hitting TVL milestones, technical resistance at key price levels, and concerns about leveraged yield strategies. While the protocol’s fundamentals remain solid, including strong TVL and multi-chain growth, traders are cautious about leverage risks and regulatory developments.

Key level to watch: Can PENDLE hold above $5.08 (Fibonacci 61.8%) ahead of USDe maturity events in September?