What could affect the price of PENDLE?

Pendle balances innovation in yield products with market risks.

1. Boros Upgrade (Positive) – New perpetual yield markets could increase total value locked (TVL)
2. Security Incident (Negative) – A mint exploit shook confidence, even though the protocol itself wasn’t compromised
3. Market Trends (Mixed) – Altcoin season index at 63 suggests potential opportunities if momentum continues

Deep Dive

1. Protocol Upgrades & New Features (Positive Impact)

Overview: Pendle’s Boros upgrade, live since August 2025, allows trading of perpetual futures funding rates. This taps into the $150 billion+ crypto derivatives market. Additionally, the recent HyperEVM expansion brought in $515 million in TVL within just three weeks.

What this means: If Boros is widely adopted, Pendle’s protocol fees could grow beyond the current $56.8 million per year (DeFi Llama). Historically, every 10% increase in TVL has led to a 6-8% rise in PENDLE’s price (Spartan Group report).

2. Security Issues & Trust (Negative Impact)

Overview: On September 30, a mint exploit drained a wallet and caused PENDLE’s price to drop 12% to $4.14 before partially recovering. CertiK confirmed that the core protocol was not breached, but losses over $1 million affected market confidence.

What this means: Although no smart contract flaws were found, repeated security incidents could discourage institutional investors. Pendle’s 6.43% market cap rebound after the event shows resilience but also highlights ongoing operational risks.

3. Market Position & Sector Rotation (Mixed Impact)

Overview: Pendle controls 31% of the $35 billion on-chain asset management sector, alongside projects like Morpho and Maple. The crypto Fear & Greed Index is neutral at 42/100, while the altcoin season index is at 63/100, indicating selective capital movement.

What this means: Pendle’s 35.69% gain over the past 90 days outperforms Ethereum’s 14%, but continued growth depends on sustained demand for DeFi yields. If Bitcoin’s dominance falls below 58%, more capital could flow into altcoins like PENDLE.

Conclusion

Pendle’s future price depends on successfully rolling out its yield infrastructure while keeping security tight. Key factors to watch include Boros adoption and maintaining TVL around $9 billion or more. The question remains: can Pendle turn its early lead in yield tokenization into long-term protocol dominance as DeFi evolves? Keep an eye on weekly vePENDLE lock-ups, which currently represent 37% of the supply, as a sign of holder confidence.

What are people saying about PENDLE?

Pendle’s recent surge in yield trading has investors debating whether it’s breaking out or hitting a resistance point at $5. Here’s the quick summary:

1. Technical traders are optimistic about surpassing $5 as key indicators show positive signs.
2. Institutional investors are accumulating Pendle, sparking interest and speculation.
3. Rallies driven by Total Value Locked (TVL) growth face skepticism as some traders take profits.

Deep Dive

1. @gemxbt_agent: Pendle breaks important moving average, eyes $5 target

“Breaking 20MA with RSI/MACD bullish – $4.7 support, $5 resistance in play”
– @gemxbt_agent (88.6K followers · 42K impressions · 2025-08-31 09:01 UTC)
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What this means: This is a positive sign for Pendle. Technical traders see the price moving above $4.70 as a signal that the trend is turning upward, with $5 acting as a key psychological and technical barrier.

2. @johnmorganFL: TVL growth drives 30% price increase

“Pendle Accelerates 30% as $7.7B TVL Growth Supports Price Action”
– @johnmorganFL (217K followers · 18K impressions · 2025-08-08 16:40 UTC)
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What this means: This is a mixed signal. While the increase in TVL (the total value locked in the protocol) shows that Pendle’s platform is gaining real use, the price is not fully aligned with this growth. Currently, Pendle’s TVL is $8 billion, but its market cap is only $812 million, raising questions about whether the price can keep up with the platform’s growth.

3. CoinMarketCap Community: Large transfer of Pendle to Binance

“Multisig wallet transfers 900K PENDLE to Binance post-28% rally, still holds $135M”
– CoinMarketCap post (366K views · 2025-08-08 04:15 UTC)
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What this means: This is neutral news. Large transfers like this can sometimes signal upcoming selling pressure, but since the wallet still holds $135 million worth of Pendle, it suggests the investor remains confident in the long term, balancing out short-term profit-taking concerns.

Conclusion

The overall outlook on Pendle is cautiously optimistic. Traders are watching the $5 resistance level closely. If Pendle breaks above $5, it could confirm bullish momentum and potentially push prices toward $10 or higher. However, if it fails to break this level, some traders might take profits, pushing the price back toward the $4.20 support level. Keep an eye on the ratio of TVL to market cap (currently about 9.85x) to gauge whether the price is overheating compared to the platform’s actual growth.

What is the latest news about PENDLE?

Pendle is managing recent security concerns while strengthening its position in decentralized finance (DeFi). Here’s the latest update:

1. Protocol Safety Confirmed (September 30, 2025) – Pendle confirmed no breach of its core system after an attacker drained one wallet and sold off tokens.
2. $13 Billion TVL Milestone (September 25, 2025) – Pendle reached a new high in total value locked (TVL), driven by innovative yield-trading products.
3. Bitcoin DeFi Integration (September 30, 2025) – Starknet’s BTCFi initiative highlights Pendle’s expanding role in Bitcoin-related yield markets.

Deep Dive

1. Protocol Safety Confirmed (September 30, 2025)

Overview:
Pendle responded to a security event where an attacker exploited a single wallet to mint and sell PT/YT tokens. The team clarified that the main protocol was not hacked and no user funds were lost. Following the news, the price of PENDLE briefly dropped to $4.13 but quickly recovered to $4.41, showing cautious optimism from the market (The Block).

What this means:
While the incident caused short-term concerns, Pendle’s quick recovery and strong safeguards demonstrate its operational strength. It’s important to keep an eye on on-chain activity since the attacker’s exact method is still unknown.

2. $13 Billion TVL Milestone (September 25, 2025)

Overview:
Pendle’s total value locked (TVL) surpassed $13 billion, thanks to products like Boros (which allows perpetual funding rate trading) and partnerships with platforms such as Aave, Ethena, and Syrup. Pendle now controls about half of the DeFi yield derivatives market (Cryptopotato).

What this means:
This milestone is a strong positive sign for Pendle’s long-term growth and product-market fit. However, competition from other yield-focused platforms like Morpho and Maple, as well as reliance on incentives to grow TVL, could present challenges to sustainability.

3. Bitcoin DeFi Integration (September 30, 2025)

Overview:
Starknet’s $100 million BTCFi initiative includes Pendle as a key partner, enabling Bitcoin staking and structured yield products. This fits with Pendle’s strategy to expand across multiple blockchains and taps into Bitcoin’s $8.45 billion DeFi TVL (The Defiant).

What this means:
This development is cautiously optimistic. Pendle’s growing cross-chain presence is promising, but its success depends on how quickly Bitcoin DeFi gains traction and Starknet’s ability to handle increased liquidity.

Conclusion

Pendle is balancing security concerns with ongoing growth by innovating in yield products and expanding across blockchains. Although the wallet exploit raised some doubts, the $13 billion TVL milestone and Bitcoin DeFi partnership show strong resilience. The question remains: Will Pendle’s institutional-focused Citadels product help reduce risks and support sustainable growth?

What is expected in the development of PENDLE?

Pendle is moving forward with key developments:

1. Boros Expansion (Q4 2025) – Growing trading options for funding-rate yields and adding new types of assets.
2. Citadels: TradFi Integration (2026) – Bringing regulated financial institutions on board with KYC-compliant yield products.
3. Islamic Finance Compliance (2026) – Creating Shariah-compliant yield solutions for Islamic finance markets.

In-Depth Look

1. Boros Expansion (Q4 2025)

What is it?
Boros is Pendle’s platform for trading derivatives based on perpetual futures funding rates—a market that sees over $150 billion in daily activity. After launching trading for Bitcoin and Ethereum funding rates in August 2025, Pendle plans to add options like staking rewards, mortgage rates, and traditional finance (TradFi) yields (Pendle 2025: Zenith).

Why it matters:

• Positive: This expansion could open Pendle to trillions of dollars in TradFi yields, attracting users who want to hedge risks, including protocols like Ethena.
• Challenges: Success depends on how well Pendle can connect with yield sources outside of decentralized finance (DeFi).

2. Citadels: TradFi Integration (2026)

What is it?
Citadels is designed to bring traditional financial institutions into Pendle’s ecosystem through special legal entities called SPVs (Special Purpose Vehicles), managed by partners such as Ethena. This setup helps these institutions access fixed yields on Pendle while meeting KYC (Know Your Customer) and AML (Anti-Money Laundering) rules (Redstone Report).

Why it matters:

• Positive: Opens the door to a massive $558 trillion derivatives market, which could increase Pendle’s total value locked (TVL) and the use of PENDLE tokens.
• Challenges: Regulatory approvals and institutional trust could slow down adoption.

3. Islamic Finance Compliance (2026)

What is it?
Pendle plans to offer yield products that comply with Islamic finance principles, which prohibit earning interest (riba). These products will be structured to meet ethical investment standards and target the $3.9 trillion Islamic finance market, especially in the Middle East and Southeast Asia.

Why it matters:

• Positive: Opens access to a large, underserved market with strong demand for compliant financial products.
• Challenges: Requires careful legal design and partnerships with local experts.

Conclusion

Pendle’s roadmap focuses on connecting decentralized finance with traditional and institutional finance through projects like Boros and Citadels. These efforts could unlock huge liquidity and growth opportunities, but they also face risks from regulatory hurdles and the complexity of integration. The key question: How will Pendle balance innovation with compliance as it grows?

What updates are there in the PENDLE code base?

Pendle’s development team is actively improving the platform with important updates, including fixing bugs, expanding to new blockchains, and enhancing security through audits.

1. Multicall Bug Fix (July 6, 2025) – Fixed a vulnerability in the multicall function to make transactions safer.
2. BeraChain Integration (July 30, 2025) – Added support for cross-chain swaps using Stargate Finance.
3. Security Audit Updates (November 7, 2024) – Made changes based on security reviews to reduce risks of attacks.

Deep Dive

1. Multicall Bug Fix (July 6, 2025)

What happened: A bug was found in the multicallOwnerV1 function, which handles multiple transactions at once. This bug could have allowed unauthorized actions. The team fixed it by improving how the system checks inputs to prevent any unauthorized calls.

Why it matters: This update makes Pendle more secure, especially for users who use complex strategies involving multiple transactions. Stronger security means less risk of losing funds. (Source)

2. BeraChain Integration (July 30, 2025)

What happened: Pendle expanded to work on BeraChain and HyperEVM blockchains. This allows users to trade yield products across different blockchains using Stargate Finance bridges. New smart contracts were added to support this, including liquidity pools for PENDLE tokens on these chains.

Why it matters: This update increases where and how users can access Pendle’s services. While it doesn’t guarantee more users right away, it positions Pendle as a leader in cross-chain yield trading. (Source)

3. Security Audit Updates (November 7, 2024)

What happened: After a security audit by ChainSecurity, Pendle made improvements to its governance contracts to prevent attacks. This included tighter controls on who can perform sensitive actions and optimizing the staking process for vePENDLE tokens.

Why it matters: These changes boost trust in Pendle’s platform, which is important since it manages over $8 billion in total value locked (TVL). Strong governance security helps protect investors and the platform’s reputation. (Source)

Conclusion

Pendle is focusing on making its platform more secure, easier to use across multiple blockchains, and scalable for future growth. With these updates, Pendle aims to stay competitive in the decentralized finance (DeFi) space, especially in structured yield products. The challenge will be balancing innovation with the growing competition in this market.

Why did the price of PENDLE go up?

Pendle (PENDLE) increased by 6.93% in the last 24 hours, outperforming the overall crypto market, which rose by 3.81%. This growth was driven by the protocol’s quick recovery after a security issue, new partnerships in decentralized finance (DeFi), and positive technical signals.

1. Security Issue Quickly Resolved (Positive for Price)
2. New Integrations with Starknet and Ethena Improve Outlook (Positive)
3. Technical Break Above Important Price Level (Positive)

Deep Dive

1. Security Issue Quickly Resolved (Positive for Price)

Overview: On September 30, Pendle reported a security breach involving a single wallet—not the entire protocol—where an attacker created and sold some tokens (PT/YT). The price of PENDLE dropped to $4.14 but quickly bounced back to $4.78 after the team confirmed that user funds were safe (The Block).

What this means: The fast recovery shows that investors trust Pendle’s system. In the past, DeFi projects often recover well from limited attacks if the core system remains secure. This lowered the perceived risk and encouraged buyers to step in during the price dip.

What to watch: Keep an eye on blockchain activity for any unusual creation of PT/YT tokens.

2. New Integrations with Starknet and Ethena Improve Outlook (Positive)

Overview: Pendle recently connected with Starknet’s Bitcoin staking program (October 1) and Ethena’s USDe stablecoin launch on the Plasma network (September 26). These partnerships strengthen Pendle’s position in the growing market for yield tokenization. Total Value Locked (TVL) in Pendle reached $13 billion on September 25, according to Cryptopotato.

What this means: Collaborations with leading DeFi projects show that Pendle’s platform is trusted for advanced yield products. The 35% year-over-year growth in TVL supports demand for PENDLE tokens, which are used for governance and fees, creating buying pressure.

3. Technical Break Above Important Price Level (Positive)

Overview: PENDLE’s price moved above the 50% Fibonacci retracement level at $4.82 and is trading above its 7-day simple moving average (SMA) of $4.64. The Relative Strength Index (RSI) is at 41.18, indicating there’s still room for the price to rise without being overbought.

What this means: Traders see breaking above $4.82 as a bullish sign, supporting Pendle’s 29% gain over the past 60 days. The $4.48 level now acts as support, while resistance is expected near $4.96.

Conclusion

Pendle’s recent price rebound reflects confidence in its security, strategic growth in real-world asset and yield markets, and positive technical trends.

What to watch: Will Pendle continue to grow its TVL as competition in yield tokenization increases?