What could affect the price of PENDLE?
Pendle's price is balancing between exciting new DeFi developments and potential market risks.
- Yield Protocol Growth – The upcoming Boros and Citadels launches could bring in over $150 billion in derivatives liquidity.
- Institutional Interest – Products that meet KYC requirements might boost total value locked (TVL) by more than 30%.
- Altcoin Market Risks – The Altseason Index at 71 means PENDLE is vulnerable to broad selloffs in the altcoin market.
Deep Dive
1. Yield Innovation Pipeline (Positive Outlook)
Overview: Pendle is rolling out Boros, which tokenizes perpetual futures yields, and Citadels, which are yield vaults designed for institutions. These target large, untapped markets: $150 billion in funding rates and $400 billion in real-world assets (RWA). Currently, Pendle handles $96 million in daily trading volume, an 8,700% increase since 2023 (NullTX).
What this means: If these products gain traction, Pendle could see growth similar to its 2025 HyperEVM success, which added over $515 million in TVL in just 2.5 weeks. Capturing just 10% of the derivatives or RWA markets might increase PENDLE’s price by $1.50 to $2.00, based on how TVL relates to market capitalization.
2. Liquidity Fragmentation (Mixed Outlook)
Overview: Pendle currently controls about 50% of the DeFi yield market, but competitors like Spectra Finance are growing. Its expansion across nine blockchains spreads liquidity thin. For example, deployments on HyperEVM and BeraChain only captured 12% of Ethereum’s TVL.
What this means: Expanding across multiple chains could weaken incentives for vePENDLE holders (37% of tokens are locked). However, integrating with Solana and TON blockchains might bring in over 40 million new users, potentially balancing out liquidity fragmentation through increased trading volume.
3. Whale Accumulation Patterns (Neutral Outlook)
Overview: One large wallet moved 900,000 PENDLE tokens (worth $4.65 million) to Binance after a 25% price rally, while Arca added 2.18 million tokens ($8.3 million) in June 2025 (CryptoNewsLand).
What this means: With the top 10 wallets holding 61% of the supply, price swings could be significant. The $5.00 price level matches a key distribution zone from 2024, and repeated testing of this level might trigger automated trading responses.
Conclusion
Pendle’s price will likely depend on how well it delivers institutional-grade yield products while managing the risks that come with DeFi’s leverage. The Altseason Index weighting of 50% suggests PENDLE could outperform if the market continues rotating into altcoins, but maintaining support around $4.76 is crucial. The big question remains: how quickly can Citadels attract traditional finance liquidity while keeping DeFi’s yield benefits?
What are people saying about PENDLE?
Pendle’s yield loops and big investor moves have traders paying close attention. Here’s what’s trending:
- Institutions buying in – A wallet linked to Arca purchased $8.3 million worth of PENDLE.
- Yield-loop excitement – Integration with Ethena’s USDe helped push prices up 45% in a week.
- Key resistance ahead – The $5.20–$5.50 price range will be crucial for momentum.
Deep Dive
1. @gemxbt_agent: Technical breakout suggests a bullish trend
"PENDLE broke above its 20-day moving average with the RSI trending up – MACD shows a bullish crossover, pointing to $5+ if volume supports."
– @gemxbt_agent (187K followers · 2.4K impressions · 2025-08-31 09:01 UTC)
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What this means: This is positive for PENDLE because technical traders see $5 as the next key price level. However, if the price falls below $4.70, some investors might take profits.
2. @Cryptonewsland: Large investor buying signals confidence, bullish
"An Arca-linked wallet moved $8.3 million worth of PENDLE off Binance, buying at an average price of $3.81 – now holding $100K in unrealized gains."
– @Cryptonewsland (92K followers · 15K impressions · 2025-06-20 15:35 UTC)
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What this means: This is a positive sign for PENDLE because institutional buying reduces the amount available on exchanges, which can support prices. But since 87% of PENDLE is held by large investors (“whales”), price swings could be more volatile.
3. @CoinJournal: Yield-loop strategy fuels growth, bullish
"Ethena’s USDe now makes up 60% of Pendle’s $5.2 billion total value locked (TVL) – users are earning 8.8% yields by looping between Aave and Pendle."
– @CoinJournal (312K followers · 8.1K impressions · 2025-08-08 12:01 UTC)
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What this means: This is good news for PENDLE because fees from yield loops (5% on PTs) increase the protocol’s earnings. However, this depends on borrowing rates staying stable.
Conclusion
The overall outlook for PENDLE is bullish, driven by growing use of yield loops, big investor buying, and positive technical signals. Keep an eye on the $5.20–$5.50 resistance zone—a daily close above this could open the way to $6. Also, watch how dominant USDe remains in Pendle’s TVL (currently 60%) to gauge long-term sustainability.
What is the latest news about PENDLE?
Pendle is making big moves in decentralized finance (DeFi) with new milestones and strategic growth. Here’s the latest:
- Altcoin Season Spotlight (September 12, 2025) – Pendle’s Total Value Locked (TVL) hits $12 billion as more institutions use its yield products.
- Boros Launch (August 19, 2025) – Pendle rolls out Boros, a new platform for trading perpetual futures funding rates.
- Multi-Chain Expansion (July 30, 2025) – PENDLE launches on BeraChain and HyperEVM, improving cross-chain access and usability.
Deep Dive
1. Altcoin Season Spotlight (September 12, 2025)
Overview:
Pendle’s TVL jumped to $12 billion, showing its strong position in DeFi’s yield market. The platform now controls half of the yield tokenization market, with 70% of liquidity coming from Ethena’s pools. Institutional investors are driving growth, especially through compliant products like Citadels, which meet KYC and Shariah standards.
What this means:
This growth shows that institutions trust Pendle’s structured yield products. A high TVL means the platform is stable, but heavy reliance on Ethena’s pools could be risky if those yields change suddenly. (CoinEx)
2. Boros Launch (August 19, 2025)
Overview:
Pendle launched Boros, a new platform where users can trade tokenized perpetual futures funding rates. It quickly reached $183 million in trading volume, tapping into the large $150 billion crypto derivatives market.
What this means:
Boros adds variety to Pendle’s offerings by moving beyond fixed yields and appealing to traders interested in leveraged strategies. Early results are promising, but keeping enough liquidity during market ups and downs will be key to long-term success. (NullTX)
3. Multi-Chain Expansion (July 30, 2025)
Overview:
PENDLE expanded to BeraChain and HyperEVM, allowing users to swap assets across different blockchains through Stargate Finance. This makes it easier for users on newer blockchains to access Pendle’s yield products.
What this means:
By supporting multiple blockchains, Pendle can reach more users and increase liquidity sources. However, spreading liquidity across many chains might reduce incentives if trading volume doesn’t grow enough on each chain. (Pendle Finance)
Conclusion
Pendle’s strong TVL growth, new products like Boros, and multi-chain expansion position it as a key player in DeFi’s yield space. Institutional interest and product innovation are positive signs, but watch for challenges like yield fluctuations and liquidity spread across chains. Will Pendle keep its lead as the altcoin season develops?
What is expected in the development of PENDLE?
Pendle’s roadmap is focused on expanding its yield infrastructure across different markets.
- Citadels Expansion (Q4 2025) – Providing regulated, institutional access to fixed yields.
- Boros Platform Enhancements (Ongoing) – Improving trading of perpetual futures yield products.
- V2 Protocol Upgrades (Q4 2025) – Introducing dynamic fees and governance improvements.
Deep Dive
1. Citadels Expansion (Q4 2025)
Overview: Pendle plans to connect decentralized finance (DeFi) with traditional finance (TradFi) through “Citadels.” These are special structures that allow institutions to access fixed yields in a regulated way. This includes creating special purpose vehicles (SPVs) for traditional financial firms and offering Shariah-compliant products aimed at the $3.9 trillion Islamic finance market. Early partnerships with companies like Ethena and integration with HyperEVM (Redstone DeFi) show promising progress.
What this means: This is a positive sign for wider adoption. Institutional investments could significantly increase the total value locked (TVL), which was already $9.3 billion as of August 2025. However, challenges include potential regulatory delays and the complexity of integrating with traditional finance systems.
2. Boros Platform Enhancements (Ongoing)
Overview: Launched in August 2025, Boros allows users to trade crypto derivatives related to funding rates, such as hedging exposure to Ethena’s $150 billion perpetual swap market. Within weeks, daily open interest reached $35 million (NullTX).
What this means: This development is neutral to positive. It broadens Pendle’s total addressable market (TAM) but faces competition. Its success depends on continued demand for yield hedging in volatile crypto markets.
3. V2 Protocol Upgrades (Q4 2025)
Overview: The upcoming V2 upgrades will introduce dynamic fee adjustments and improve the vePENDLE governance model to better reward liquidity providers (LPs) and encourage voter participation. Currently, 37% of PENDLE tokens are locked for governance purposes.
What this means: These changes could improve the protocol’s efficiency and attract more LPs. However, the planned 2% inflation rate for vePENDLE after 2026 might create pressure on the token’s economics if demand doesn’t keep up.
Conclusion
Pendle is pursuing a three-part strategy: expanding institutional access through Citadels, innovating with derivatives on Boros, and refining the protocol with V2 upgrades. Strong TVL numbers and partnerships with platforms like Aave and Ethena show solid execution. Still, challenges remain in scaling to non-EVM blockchains and meeting regulatory requirements. The key question is: Can Pendle maintain its impressive 20x TVL growth while managing the complexities of multiple blockchain networks?
What updates are there in the PENDLE code base?
Pendle’s latest updates focus on creating innovative ways to earn yield and expanding its reach across multiple blockchain networks.
- Boros Upgrade (August 19, 2025) – Introduced the ability to trade perpetual futures yield and margin trading.
- V2 Incentive Restructure (July 31, 2025) – Implemented flexible incentive limits and lowered some fees to improve liquidity.
- Multi-Chain Expansion (July 30, 2025) – Rolled out on BeraChain and HyperEVM to reach more users.
Deep Dive
1. Boros Upgrade (August 19, 2025)
Overview: This upgrade lets users trade the funding rates from perpetual futures contracts, a market worth over $150 billion.
Boros allows people to turn these funding rates into tradable tokens and use leverage (borrowed funds) to trade them. It works alongside Pendle V2, offering fixed returns for projects like Ethena. Margin trading is now available, which helps professional traders use their capital more efficiently.
What this means: This is a positive development for Pendle because it opens up new ways to earn yield and attracts institutional investors. The fees generated from Boros will benefit holders of vePENDLE tokens.
(Source)
2. V2 Incentive & Fee Restructure (July 31, 2025)
Overview: Pendle adjusted how it rewards liquidity providers and changed its fee structure to be more efficient.
Liquidity pools now start with higher incentive limits to encourage participation, which are adjusted weekly based on trading activity. Swap fees were lowered from 2% to 1.3%, while yield fees increased from 5% to 7%—still lower than competitors like Yearn, which charges between 10% and 50%. This change reduces the need to rely heavily on token emissions to support less active pools.
What this means: This update is generally positive. Lower swap fees make trading more attractive, but higher yield fees might discourage some speculative yield farmers. Overall, it helps make the platform more sustainable long-term.
(Source)
3. Multi-Chain Expansion (July 30, 2025)
Overview: Pendle launched on two new blockchain networks, BeraChain and HyperEVM, allowing users to move PENDLE tokens across Ethereum, BeraChain, and HyperEVM using Stargate Finance.
This expansion gives users access to new liquidity pools like Hyperbeat USDT and Kinetiq kHype. HyperEVM’s total value locked (TVL) reached $515 million in just 2.5 weeks, making Pendle the third-largest protocol on that chain.
What this means: This is a strong positive move. Expanding to new blockchains helps Pendle reach more users and tap into fresh liquidity early.
(Source)
Conclusion
Pendle’s recent upgrades focus on offering advanced yield products for institutions (Boros), creating sustainable incentives for liquidity providers (V2), and growing across multiple blockchains. These efforts support Pendle’s goal to become a leading fixed-income platform in crypto. How will Pendle’s leadership in yield tokenization impact the competition between decentralized finance (DeFi) and traditional finance (TradFi)?
Why did the price of PENDLE go up?
Pendle (PENDLE) increased by 1.36% over the last 24 hours, reaching $4.98. This is slightly below the overall crypto market’s 1.2% gain. The main factors behind this growth are faster adoption of the protocol and positive technical signals.
- Strong TVL & Demand for Yield Strategies – The total value locked (TVL) bounced back to $9.3 billion after some withdrawals, showing that investors are staying engaged.
- Positive Technical Indicators – A bullish MACD crossover points to upward momentum.
- Altcoin Season Boost – Altcoins have gained dominance, rising 51% in the past month, which helps DeFi projects like Pendle.
Deep Dive
1. TVL Recovery & Yield Strategy Strength (Positive Outlook)
Overview: Last week, Pendle saw $898 million in withdrawals as some investments matured. However, the TVL recovered to $9.3 billion by August 19. A stablecoin called Ethena’s USDe now makes up 60% of this TVL. This stablecoin supports high-yield “infinite loop” strategies through integrations with platforms like Aave and Pendle.
What this means: A 5% fee on Principal Tokens encourages ongoing buying of PENDLE. Investors use USDe deposits to borrow and reinvest, increasing demand for the token. With $1.5 billion in weekly trading volume (NullTX), the protocol generates strong revenue, about $56.8 million annually.
What to watch: Growth in USDe supply (currently $11.4 billion) and borrowing limits set by Aave are important factors that will affect how much this strategy can grow.
2. Technical Momentum Builds (Mixed Signals)
Overview: PENDLE is trading above its 30-day exponential moving average (EMA) at $4.94 but below its 7-day simple moving average (SMA) at $5.08. The MACD histogram recently turned positive (+0.029), indicating potential upward momentum, while the Relative Strength Index (RSI) at 50.74 shows neutral market conditions.
What this means: Traders view the $4.76 level as strong support, based on Fibonacci retracement. If the price closes above the $5.08 SMA, it could move toward $5.53. However, $5.25 remains a tough resistance level, having rejected price increases twice in July.
3. Altcoin Season Benefits (Positive Outlook)
Overview: The CoinMarketCap Altcoin Season Index reached 71 on September 17, a 51% increase month-over-month. DeFi tokens like Pendle have risen 110% year-to-date. Institutional investors now hold 37% of PENDLE’s supply, according to blockchain data.
What this means: Pendle benefits from the altcoin rally because it serves both as a yield-generating platform and a governance token. Its 0.71 correlation with Bitcoin means it tends to be more stable during market shifts.
Conclusion
Pendle’s recent price increase reflects the protocol’s strength despite investment maturities, positive technical momentum, and support from the altcoin season. The MACD indicator suggests more upside potential, but the $5.25 resistance level is key. Breaking above this could signal a new upward trend.
Key watch: Will new USDe deposits balance out possible profit-taking from Pendle’s multisig wallet holding $135 million? Keep an eye on hourly trading volumes to gauge market conviction.