Why did the price of PENDLE go up?

Pendle (PENDLE) increased by 6.68% in the last 24 hours, outperforming the overall crypto market, which rose by 4.55%. This growth is linked to a sharp rise in Total Value Locked (TVL) on the Plasma blockchain and renewed interest in decentralized finance (DeFi) yield opportunities.

1. Plasma integration drives $318 million TVL surge – Pendle’s yield markets on Plasma attracted significant investments, boosting activity on the platform.
2. Technical rebound from oversold levels – The Relative Strength Index (RSI14) at 28.3 indicated the token was undervalued, encouraging buyers.
3. Euler Finance collateral expansion – Support for PT-tUSDe as collateral unlocked new borrowing options, increasing Pendle’s usefulness.

Deep Dive

1. Plasma Integration & TVL Surge (Positive Impact)

Overview: Pendle added $318 million in Total Value Locked (TVL) just four days after launching on Plasma, a blockchain focused on stablecoins and backed by investor Peter Thiel (Cryptopotato). This launch included five yield markets, such as USDe and sUSDe, and exclusive rewards in the XPL token, with some pools offering annual percentage yields (APY) as high as 649%.

What this means:

• The rapid TVL growth shows strong confidence in Pendle’s model of tokenizing yield, which directly increases demand for PENDLE tokens used for governance and rewards.
• Plasma’s fast and efficient blockchain supports complex yield strategies, attracting both institutional and retail investors.

What to watch: Whether the TVL remains stable after initial incentives end and how widely Plasma is adopted.

2. Technical Rebound from Oversold Levels (Mixed Impact)

Overview: On October 12, PENDLE’s RSI14 dropped to 28.3, signaling it was oversold. At the same time, its price was 19% below its 30-day simple moving average (SMA) of $4.78. The 24-hour rebound saw a 6.68% price increase and a 6.69% rise in market capitalization.

What this means:

• Short-term buyers took advantage of the oversold condition, but longer-term technical indicators like the MACD (-0.228) still suggest bearish momentum.
• The Fibonacci retracement level at $4.08 is now a resistance point; breaking above it could indicate a shift in momentum.

3. Euler Finance Collateral Expansion (Positive Impact)

Overview: On October 3, Euler Finance allowed PT-tUSDe (Pendle’s principal token) to be used as collateral, enabling users to borrow against fixed-yield positions (Crypto Times).

What this means:

• Pendle users can now unlock liquidity without selling their tokens, improving capital efficiency.
• This development strengthens Pendle’s position in the DeFi ecosystem, especially as the market moves toward tokenized real-world assets (RWAs).

Conclusion

Pendle’s recent 24-hour price increase reflects a combination of strong fundamental growth (thanks to Plasma’s TVL boost), technical buying opportunities (oversold rebound), and ecosystem growth (Euler collateral support). While overall crypto market sentiment remains cautious, Pendle’s focus on yield innovation makes it a promising option.

Key points to watch: Can PENDLE maintain its price above $3.76 and reclaim the 30-day SMA at $4.78 to confirm a positive trend? Also, keep an eye on Plasma’s TVL stability and Ethereum’s transaction fees, as Pendle’s success is closely tied to DeFi activity.

What could affect the price of PENDLE?

Pendle’s price is caught between exciting new DeFi developments and ongoing market challenges.

1. Plasma integration boom – $318 million locked in just 4 days is a strong positive sign
2. Expanding yield token options – New partnerships and blockchain support bring mixed results
3. Market pressure – Fear and shifting interest away from altcoins create headwinds

Deep Dive

1. Plasma Growth & Incentives (Positive Outlook)

Pendle recently integrated with the Plasma blockchain, which is backed by investor Peter Thiel. This move attracted $318 million in total value locked (TVL) within four days, thanks to exclusive rewards in XPL tokens and five stablecoin yield markets (Cryptopotato). Some users reported daily profits around $1,000, and pools offering 109% annual percentage yield (APY) show strong demand.

What this means: If TVL keeps growing, Pendle could earn more fees and buy back more PENDLE tokens (since 80% of swap fees go to vePENDLE holders). However, Plasma is a new platform, so technical glitches or reduced rewards could slow down this momentum.

2. Yield Market Expansion vs. Competition (Mixed Outlook)

Pendle has added real-world asset (RWA) collateral through Euler’s PT-tUSDe and expanded to new blockchains like HyperEVM and Berachain. This aims to tap into traditional finance yields worth over $400 trillion. But competitors like Spectra Finance and Morpho are also gaining ground in yield derivatives.

What this means: Pendle’s success depends on keeping over half of the DeFi yield market share. Upcoming launches like Citadels (planned for Q3 2025), which will offer KYC and Shariah-compliant products, might attract institutional investors but could also stretch the project’s focus (TokenMetrics).

3. Market Conditions & Sentiment (Negative Outlook)

PENDLE’s price dropped 28% over the past month, reflecting broader crypto market fear (fear index at 31) and Bitcoin’s dominance at 58.8%. Technical indicators show the Relative Strength Index (RSI) at 28.3, signaling oversold conditions, but the MACD histogram at -0.13 points to weak momentum.

What this means: Until the altcoin season index improves (currently 39 out of 100), PENDLE may face challenges despite its strong fundamentals. Breaking above the $4.59 resistance level could trigger short-covering rallies, but holding the $3.47 support level is crucial.

Conclusion

Pendle’s recent growth through Plasma and its plans for real-world assets offer a path to recovery. However, ongoing market fears and limited altcoin liquidity pose short-term risks. Keep an eye on October’s XPL reward updates and Bitcoin dominance trends to see if PENDLE can break free from market pressure by leading in yield innovation.

What are people saying about PENDLE?

The Pendle community is divided between excitement over potential earnings and cautiousness about market risks. Here’s what’s trending right now:

1. Yield-loop strategies are driving positive momentum
2. Institutions are quietly buying $8.3 million worth of PENDLE
3. The critical $3.60 support level is facing a crucial test

Deep Dive

1. Technical breakout signals a bullish reversal

According to @gemxbt_agent, "PENDLE broke above the 20-day moving average with an upward trend in RSI and a bullish MACD crossover – key resistance at $5.00 is now in play."
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What this means: These technical indicators suggest increasing buying interest. However, for the price to break above $5.00 convincingly, strong and sustained trading volume is needed.

2. Institutional wallet linked to Arca accumulates $8.3 million in PENDLE

An institutional investor moved 1.35 million PENDLE tokens (worth about $5.38 million) from Binance over six days, buying at an average price of $3.81. This shows strategic accumulation despite market ups and downs.
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What this means: Since whales control 87% of the supply, their buying or selling can cause big price swings. Still, this accumulation suggests confidence in Pendle’s yield-focused platform over the long term.

3. Long-term Fibonacci targets range from $29 to $160

@MichaelEWPro points to a "wave 3" Elliott pattern forming above $4.00, with strong trading volume between $1.35 and $5.00 acting as a launchpad for higher prices.
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What this means: These price targets are optimistic and depend on Pendle maintaining its leadership with over $4 billion in total value locked (TVL) and benefiting from a favorable market environment for alternative cryptocurrencies.

Conclusion

The outlook for Pendle is mixed, balancing innovative DeFi features with technical risks. Traders are closely watching the $3.60 support level—if it breaks, it could lead to panic selling down to $2.00. Holding above this level would show strength. Also, keep an eye on Pendle’s TVL-to-market-cap ratio (currently 0.1265) as a sign of whether the token might be undervalued compared to the platform’s actual usage.

What is the latest news about PENDLE?

Pendle is experiencing rapid growth on the Plasma blockchain but recently faced a security issue with a wallet exploit. Here’s the latest update:

1. TVL Jumps $318M After Plasma Launch (October 8, 2025) – Pendle’s yield markets quickly gained popularity on the Plasma chain, which is backed by Peter Thiel.
2. Wallet Exploit Occurred, Protocol Remains Secure (September 30, 2025) – An attacker drained a wallet by minting and selling PT/YT tokens, but Pendle confirmed the core protocol was not compromised.
3. Euler Finance Adds PT-tUSDe as Collateral (October 3, 2025) – This allows users to borrow against Pendle tokens and try leveraged yield strategies, though some risk details are still unclear.

In-Depth Look

1. TVL Jumps $318M After Plasma Launch (October 8, 2025)

What happened:
Pendle integrated with Plasma, a stablecoin-focused blockchain supported by Peter Thiel, leading to a $318 million increase in total value locked (TVL) within just four days. This growth was driven by exclusive XPL token rewards and five new yield markets, including tokens like Ethena’s USDe and Maple’s SyrupUSDT. Many users reported making over $1,000 in profits through strategies such as locking in fixed interest rates and speculating on yields.

Why it matters:
This is a positive sign for Pendle (PENDLE), as Plasma’s stablecoin infrastructure fits well with Pendle’s model of turning future yields into tradeable tokens. It attracts investors looking for higher returns. However, the long-term success depends on whether these incentives, like XPL rewards, continue or phase out. (Cryptopotato)

2. Wallet Exploit Occurred, Protocol Remains Secure (September 30, 2025)

What happened:
A hacker managed to drain funds from an on-chain wallet by minting and dumping PT/YT tokens. Despite this, Pendle confirmed that the main protocol was not hacked, and most losses were recovered after the PENDLE token price dropped by 5.4%.

Why it matters:
This event caused some short-term concern and a slight negative impact on sentiment. However, the protocol’s strong foundation, with a TVL of $6.5 billion before the Plasma launch, helped calm fears. Users should watch for any new security upgrades Pendle implements following this incident. (Binance News)

3. Euler Finance Adds PT-tUSDe as Collateral (October 3, 2025)

What happened:
Euler Finance now accepts Pendle’s PT-tUSDe token, which offers an 11.77% annual yield, as collateral for borrowing. This opens up opportunities for users to create leveraged yield strategies, also known as yield loops. However, important risk details like loan-to-value (LTV) ratios have not been shared publicly.

Why it matters:
This is a positive development for Pendle’s utility in decentralized finance (DeFi), as it increases how users can interact with and benefit from Pendle tokens. Still, the lack of transparency on some risk factors means users should be cautious, as they could face unexpected volatility or liquidation risks. (Crypto Times)

Conclusion

Pendle’s rapid growth on Plasma and its integration with Euler Finance show its strong position in the yield innovation space. However, the recent wallet exploit highlights ongoing security challenges. With TVL recovering after the incident, the key question is whether Pendle can keep up its momentum as reward incentives like XPL tokens decrease. Keep an eye on XPL reward timelines and borrowing activity on Euler for early signs of how Pendle’s ecosystem will evolve.

What is expected in the development of PENDLE?

Pendle’s roadmap is focused on attracting institutional investors, creating new ways to earn yield, and expanding across multiple blockchain networks.

1. Boros Platform Expansion (2026) – Introducing tokenized perpetual futures funding rates for decentralized finance (DeFi) derivatives.
2. Citadels Institutional Gateway (Q4 2025) – Providing regulated, KYC-compliant access to structured yield products for institutions.
3. Multi-Chain Deployment (Ongoing) – Growing presence on Solana, TON, and HyperEVM blockchain ecosystems.

Deep Dive

1. Boros Platform Expansion (2026)

Overview: Boros, formerly known as Pendle V3, plans to offer tokenized versions of perpetual futures funding rates. This targets the large crypto derivatives market, valued at over $150 billion (NullTX). Traders will be able to hedge or speculate on these funding rates using Principal Tokens (PTs) and Yield Tokens (YTs).

What this means: This is a positive development for PENDLE because it opens new revenue opportunities beyond traditional yield farming. However, success depends on the liquidity of the derivatives market and competition from other platforms like Aevo.

2. Citadels Institutional Gateway (Q4 2025)

Overview: Citadels will provide regulated and Shariah-compliant access to Pendle’s yield products, aimed at institutional investors looking for fixed-income options (Redstone DeFi).

What this means: This could bring more stable and significant investment into Pendle, potentially increasing total value locked (TVL). Still, adoption will rely on clear regulations and smooth integration with institutional systems.

3. Multi-Chain Deployment (Ongoing)

Overview: Pendle is expanding its platform to additional blockchains like Solana, TON, and HyperEVM, following successful launches on BeraChain and HyperEVM in Q3 2025 (Pendle).

What this means: This expansion should help grow Pendle’s user base and diversify its TVL. On the downside, spreading liquidity across multiple chains could reduce overall efficiency.

Conclusion

Pendle’s roadmap focuses on attracting institutional investors through Citadels, innovating in derivatives with Boros, and expanding across multiple blockchains. These moves could strengthen Pendle’s role as a leading DeFi yield platform. However, challenges like regulatory approval for Citadels and managing liquidity across chains will be important to watch. Will Pendle’s multi-chain approach help it stay ahead in a competitive and fragmented market?

What updates are there in the PENDLE code base?

Pendle’s latest software updates improve multi-chain yield trading and make the protocol more efficient.

1. Boros Integration (August 2025) – Launched on Arbitrum, this feature lets users trade Bitcoin and Ethereum funding rates directly on the blockchain.
2. SY Token Standard Adoption (July 2025) – Introduced a unified way to handle yield-generating assets, making it easier to move assets across different blockchains.
3. SDK Deprecation (February 2025) – Replaced the old software development kit with a simpler backend system to help developers interact with Pendle’s contracts more easily.

Deep Dive

1. Boros Integration (August 2025)

Overview: Boros is Pendle’s new platform for trading yield derivatives. It allows users to take long or short positions on Bitcoin and Ethereum funding rates using something called Yield Units (YUs).

The key update is Boros-Core, a system built with Solidity (a programming language for Ethereum) that turns funding rate exposure into tradable tokens. It supports advanced strategies like hedging against changing yields. Within 48 hours of launch, users deposited $1.85 million worth of BTC and ETH.

What this means: This is a positive development for PENDLE because it expands Pendle’s use cases into perpetual futures trading, attracting traders interested in yield arbitrage. (Source)

2. SY Token Standard Adoption (July 2025)

Overview: Pendle introduced the SY token standard to unify how yield-bearing assets (like stETH and sUSDe) are wrapped and managed.

This update makes it easier to move these assets across different blockchains, including BeraChain and HyperEVM. As a result, Pendle’s total value locked (TVL) on HyperEVM reached $460 million by August 2025.

What this means: This is a neutral update for PENDLE. It improves scalability and cross-chain compatibility but depends on wider adoption across multiple blockchains. (Source)

3. SDK Deprecation (February 2025)

Overview: Pendle retired its version 2 software development kit (SDK) and moved to a backend-focused system that generates contract call data.

This change makes it easier for decentralized applications (dApps) to integrate with Pendle by providing a single API, reducing the need for developers to use client-side libraries.

What this means: This is a positive move for PENDLE because it lowers the technical barriers for third-party developers, which could speed up ecosystem growth. (Source)

Conclusion

Pendle’s recent updates show a clear strategy to grow in derivatives trading and cross-chain compatibility, supported by backend improvements. Boros opens the door to perpetual futures markets, while the SY token standard and SDK changes aim to make it easier for developers and users to interact with the platform. The key question remains: will these technical improvements lead to sustained growth in Pendle’s total value locked amid increasing competition?