What is expected in the development of PENDLE?
Pendle’s roadmap is focused on attracting institutional investors, expanding across multiple blockchain networks, and offering more advanced ways to earn yield.
- Citadels Launch (Q4 2025) – Introducing institutional-level yield products that meet regulatory standards, including KYC and Shariah compliance.
- Boros Expansion (2026) – Adding features like margin trading and tokenizing perpetual futures funding rates.
- Multi-Chain Growth (2025–2026) – Expanding Pendle’s presence to blockchains like Solana, TON, and others beyond Ethereum-compatible chains.
Deep Dive
1. Citadels Launch (Q4 2025)
Overview: Citadels will serve as Pendle’s gateway for institutional investors, offering regulated and structured yield products such as tokenized government bonds and compliant financial derivatives. Supported by partnerships with traditional finance firms, this aims to connect decentralized finance (DeFi) yield strategies with large-scale institutional capital (Redstone DeFi).
What this means: This is a positive development for PENDLE because institutional investments could help stabilize the total value locked (TVL), which currently stands at $9.3 billion, and increase demand for governance tokens like vePENDLE. However, potential challenges include regulatory hurdles and competition from traditional finance platforms.
2. Boros Expansion (2026)
Overview: Boros, which launched in 2025, will expand to include margin trading for perpetual futures funding rates—a market valued at over $150 billion. Early data shows $35 million in daily open interest and $183 million in total trading volume (NullTX).
What this means: This expansion is somewhat positive as it broadens Pendle’s yield products but also adds complexity. Its success will depend on how much liquidity is available and how many traders adopt these new derivatives features.
3. Multi-Chain Growth (2025–2026)
Overview: Pendle plans to launch on additional blockchains like Solana, TON, and HyperEVM after gaining momentum on BeraChain (which reached $515 million TVL in just 2.5 weeks) and Arbitrum. This move aligns with the industry trend toward modular blockchains that support multiple networks (Pendle).
What this means: Expanding to multiple chains is good for growing Pendle’s ecosystem but could cause short-term challenges if liquidity gets spread too thin. Key metrics to watch include how TVL is distributed across chains and participation in vePENDLE governance voting.
Conclusion
Pendle is shifting from focusing solely on crypto-native yield markets to targeting institutional investors and multi-chain growth. The Citadels and Boros projects are central to this strategy. While these efforts could strengthen Pendle’s role as a key player in decentralized fixed-income products, risks related to execution and market conditions remain important.
What’s the next yield frontier Pendle could tokenize?
What updates are there in the PENDLE code base?
Pendle’s development team is actively improving its platform with important updates and infrastructure upgrades.
- Spark Oracle Wrapper (Oct 15, 2025) – Better price feeds for assets that earn yield.
- Plasma Chain Integration (Oct 6, 2025) – Expanding to multiple blockchains using the Plasma network.
- Scoped Access Upgrade (Sep 9, 2025) – Improved security controls for smart contracts.
Deep Dive
1. Spark Oracle Wrapper (Oct 15, 2025)
What it is: Pendle added a new tool called an oracle wrapper for Spark Protocol’s liquidity pools. This helps provide more accurate pricing for yield-earning assets like stETH and sDAI.
This update connects Pendle’s system for tokenizing yield with Spark’s pools, allowing users to track earnings in real time. It also reduces risks related to price changes during trades involving assets that lose value over time.
Why it matters: More accurate pricing means fewer chances for traders to exploit price differences, making yield strategies safer. This encourages larger trades with less risk of losing value unexpectedly, which is good news for PENDLE holders.
(Source)
2. Plasma Chain Integration (Oct 6, 2025)
What it is: Pendle deployed its core smart contracts on Plasma, a blockchain designed for fast and efficient stablecoin transactions.
This allows users to trade yield tokens like PT-sUSDe and YT-USDC across multiple blockchains, including Ethereum, BeraChain, and Plasma, using LayerZero technology to connect them.
Why it matters: While integrating across chains can be complex in the short term, this expansion is promising for the future. It could attract institutional investors looking for regulated and reliable stablecoin yield products.
(Source)
3. Scoped Access Upgrade (Sep 9, 2025)
What it is: Pendle improved security by tightening who can change important settings like fees and liquidity pool parameters.
This update uses role-based permissions to limit access, reducing the risk of unauthorized changes. It follows recommendations from a recent security audit.
Why it matters: Stronger security builds trust, especially with institutional users. This aligns with Pendle’s goal to offer compliant and secure yield products, which is positive for PENDLE’s reputation.
(Source)
Conclusion
Pendle’s recent updates focus on making the platform more scalable across blockchains, improving price accuracy, and enhancing security. These are key factors supporting its leadership in DeFi yield markets, with $9.3 billion in total value locked (TVL). Looking ahead, features like Boros (for trading based on funding rates) and Citadels (institutional products) could help Pendle attract traditional finance demand for yield products.
What could affect the price of PENDLE?
PENDLE is navigating a challenging mix of new yield opportunities and broader market pressures.
- Plasma Integration Boost – $318 million locked in just 4 days, but rewards will end soon
- Real-World Asset Focus – Citadels platform aims to tap into $400 trillion traditional finance yields by 2026
- Bearish Market Mood – Fear index low at 32, with altcoins losing ground
Deep Dive
1. Plasma Expansion & Incentive Cliff (Mixed Impact)
Overview:
On October 2nd, Pendle launched its Plasma integration, attracting $318 million in total value locked (TVL) thanks to rewards paid in XPL tokens (CryptoPotato). However, these rewards are scheduled to end after 90 days, which could lead to a drop in liquidity after December 2025. Current annual percentage yields (APYs) ranging from 12% to 649% rely heavily on these incentives.
What this means:
In the short term, yield-focused investors are supporting PENDLE’s price, but this may reverse if new Plasma inflows slow down after early 2026. The team needs to turn these temporary investors into long-term users before the rewards end.
2. Institutional Yield Products (Bullish Impact)
Overview:
Pendle’s upcoming Citadels platform, planned for 2026, aims to bring traditional financial yields—like those from mortgages and Treasury bills—onto the blockchain. Supported by Binance Labs and BlackRock’s interest in real-world assets, this could increase TVL by five times if it captures just 1% of the $26 trillion global treasury market.
What this means:
If successful, PENDLE could become less tied to the ups and downs of decentralized finance (DeFi) and more connected to steady traditional finance returns. However, regulatory challenges remain, especially around identity verification (KYC) and compliance with Islamic finance rules (Redstone).
3. Crypto Winter Persistence (Bearish Impact)
Overview:
Bitcoin dominance is currently at 58.7%, with the altcoin season index at 29, signaling a Bitcoin-focused market. PENDLE’s price dropped 25% over the past week, reflecting broader risk aversion. Open interest in PENDLE perpetual contracts also fell 18.5% last week (CMC Fear & Greed).
What this means:
Until there’s more liquidity in the market—such as Federal Reserve rate cuts or increased ETF investments—PENDLE may continue to face downward pressure despite its strong fundamentals. The 200-day exponential moving average (EMA) at $4.16 is now acting as a resistance level.
Conclusion
PENDLE’s recent Plasma growth is battling against a cautious crypto market. Watch closely to see if the Citadels platform’s institutional focus, expected to launch a testnet in Q2 2026, can offset waning retail interest. The key question is whether TN Lee’s team can turn DeFi’s complex yield strategies into mainstream traditional finance adoption before incentives run out. Keep an eye on weekly XPL reward claims compared to TVL retention for signs of lasting user engagement.
What are people saying about PENDLE?
The Pendle (PENDLE) community is buzzing with excitement and caution as they watch price movements closely. Here’s what’s making headlines:
- Wave 3 rally predictions – Experts say PENDLE could climb above $29 if it breaks key resistance levels.
- Big investors stepping in – Arca has bought $8.3 million worth of PENDLE, showing strong confidence.
- Yield farming boost – Integration with Ethena’s USDe has helped push the price up by 25%.
In-Depth Look
1. @MichaelEWPro: “Wave 3 targets $29” (optimistic)
“Pendle is entering wave 3 territory with technical targets at $10.21 and $29.25, aligning with Fibonacci extensions.”
– MichaelEWPro (3K views · June 9, 2025, 6:30 PM UTC)
See original post
What this means: This is a positive sign for PENDLE. According to Elliott Wave Theory—a method used to predict market trends—if PENDLE stays above $4.05, it could see significant gains. However, there’s a risk of the price rising too quickly and then pulling back.
2. @SpotOnChain: Institutional $8.3M buy-in (positive)
“An Arca-linked wallet withdrew 2.18 million PENDLE tokens from Binance over six days, indicating strategic buying.”
– SpotOnChain (8.6K followers · June 20, 2025, 3:35 PM UTC)
See original post
What this means: This is a bullish sign because big investors like Arca usually don’t buy mid-sized tokens unless they believe in their long-term potential. Still, the current unrealized profits are modest, suggesting cautious optimism.
3. @EmberCN: $4.65M wallet transfer sparks price jump (mixed)
“Pendle’s multisig wallet moved 900,000 PENDLE tokens to Binance, leading to a 27% price increase amid rumors of new partnerships.”
– EmberCN (12K followers · August 8, 2025, 9:50 AM UTC)
See original post
What this means: This is somewhat positive but also carries risk. Large transfers linked to the project often signal upcoming growth, but they can also lead to selling pressure if tokens are sold on the market.
Summary
Overall, the outlook for PENDLE is positive, supported by strong institutional buying, growing interest in yield farming, and promising technical signals. The key challenge is the resistance zone between $5.20 and $5.50, which has stopped price advances twice recently. If PENDLE closes above $5.50 for the week, it could confirm a path toward $10 to $29. If not, the price might fall back to support around $3.60.
Keep an eye on the TVL-to-market-cap ratio (currently 0.1265), which helps measure how much value is locked in Pendle’s Boros platform compared to its market size. This ratio is important for understanding the project’s long-term health as it grows.
What is the latest news about PENDLE?
Pendle is making waves in decentralized finance (DeFi) with a powerful boost from its Plasma blockchain integration and key partnerships. Here’s a quick summary of the latest developments:
- Plasma Integration Sparks Record Growth (October 7, 2025) – Pendle’s Total Value Locked (TVL) jumped by $318 million within just four days after launching on Plasma.
- Euler Finance Accepts Pendle Tokens as Collateral (October 3, 2025) – Users can now use Pendle’s PT-tUSDe tokens to borrow funds, enabling more advanced yield strategies.
- Wallet Security Issue Causes Temporary Price Drop (September 30, 2025) – A hacked wallet led to a 5.4% dip in Pendle’s price, but the core protocol and user funds remained secure.
In-Depth Look
1. Plasma Integration Sparks Record Growth (October 7, 2025)
What happened: On October 2, Pendle launched five new yield markets on Plasma, a blockchain designed for stablecoins and supported by investor Peter Thiel. Within four days, the total value locked in Pendle’s platform surged by $318 million—one of the fastest growth rates seen in DeFi. This was driven by users attracted to exclusive XPL token rewards and extremely high yields, reaching up to 649% annual percentage yield (APY). Plasma’s fast and efficient network made it possible to offer fixed-rate staking and yield speculation strategies.
Why it matters: This success shows Pendle’s ability to expand across different blockchains and attract investment even when the overall market is slow. However, keeping this momentum will depend on continuing incentives and the growth of the Plasma ecosystem. (Cryptopotato)
2. Euler Finance Accepts Pendle Tokens as Collateral (October 3, 2025)
What happened: Euler Finance, a popular DeFi lending platform, now allows users to use PT-tUSDe tokens from Pendle as collateral. This means users can borrow money against their fixed-yield positions without selling their tokens, making their capital work harder.
Why it matters: This development strengthens Pendle’s integration with major DeFi platforms, potentially increasing demand for PENDLE tokens. However, there are risks, such as how liquidations will be handled and the accuracy of price data for these new token types. (Crypto Times)
3. Wallet Security Issue Causes Temporary Price Drop (September 30, 2025)
What happened: A hacker drained a non-protocol wallet and minted Pendle’s PT and YT tokens, which led to a 5.4% drop in Pendle’s price. The team confirmed that the core protocol and user funds were not affected, and prices partially bounced back.
Why it matters: While this caused short-term concern and a dip in confidence, it doesn’t impact the overall security of Pendle’s platform. It highlights the ongoing need for better wallet security in the DeFi space. (The Block)
Conclusion
Pendle’s recent Plasma integration and partnership with Euler Finance show its growing influence as a leader in DeFi yield strategies. However, recent price volatility reminds us that risks remain in this fast-evolving ecosystem. The big question is whether Pendle’s incentive-driven growth on Plasma can continue to outpace challenges in the broader market.
Why did the price of PENDLE fall?
Pendle’s price dropped 1.8% over the last 24 hours, falling more than the overall crypto market, which declined by 0.42%. This drop is part of a larger downward trend, with Pendle losing nearly 25% over the past week. The decline is driven by technical factors, security concerns, and some investors taking profits after recent gains.
- Technical Breakdown – Pendle’s price fell below important support levels, and indicators suggest it may be oversold.
- Security Incident Fallout – Concerns remain after a September 30 exploit attempt involving PT and YT tokens.
- Market-Wide Caution – The Crypto Fear & Greed Index shows “Fear” at 32, increasing selling pressure on riskier assets like Pendle.
Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: Pendle’s price dropped below its 7-day and 30-day moving averages ($3.73 and $4.59, respectively), which increased selling pressure. The Relative Strength Index (RSI) is at 32.42, indicating the coin is oversold but hasn’t yet bounced back.
What this means: Traders are selling as momentum turns negative. The MACD indicator confirms the downward trend is gaining strength. The $4.08 level, based on Fibonacci retracement, now acts as resistance, meaning it’s harder for the price to rise above this point.
Key watch: If Pendle’s price falls below $3.25 (another key Fibonacci level), it could drop further toward $2.67.
2. Security Concerns Resurface (Bearish Impact)
Overview: On September 30, an attacker exploited a vulnerability in a wallet to create and sell PT and YT tokens, causing Pendle’s price to drop 5.4% in one day. Although Pendle confirmed that no funds were lost and the protocol is safe, trust was shaken.
What this means: This event highlighted risks related to Pendle’s smart contracts, especially its yield tokenization system. Investors remain cautious, which limits buying interest despite growth in total value locked (TVL).
3. Macro Sentiment Drag (Mixed Impact)
Overview: The overall crypto market fell 0.42%, with Bitcoin dominance rising to 58.65% and the Altcoin Season Index at 29 out of 100.
What this means: Pendle’s larger drop reflects its status as a high-risk, high-reward asset. DeFi tokens like Pendle often suffer more during times of market caution. However, trading volume remains high at $126.7 million over 24 hours, indicating ongoing volatility.
Conclusion
Pendle’s recent price decline is due to a mix of protocol-specific risks, like security concerns, and broader market challenges. While its integration with Plasma helped grow TVL by $318 million (Cryptopotato), technical setbacks and negative sentiment are currently overshadowing these positives.
Key watch: Can Pendle maintain support at $3.25? A price recovery will depend on overall market stability and clear communication about the protocol’s security measures.