What could affect the price of PENDLE?

Pendle’s price is currently caught between exciting new yield opportunities and ongoing challenges in the decentralized finance (DeFi) market.

1. Expanding Yield Products – New real-world asset (RWA) integrations aimed at institutional investors could boost adoption.
2. DeFi Liquidity Issues – Forced selling from leveraged positions is reducing short-term demand.
3. Technical Warning Signs – Key indicators suggest increased price volatility ahead.

Deep Dive

1. Real-World Asset Integration (Positive Outlook)

Pendle recently launched the nBASIS vault in partnership with Plume Network (CoinMarketCap) and got listed on an institutional exchange-traded product (ETP) through 21Shares on six Swiss exchanges (CryptoPotato). These moves allow investors to gain regulated exposure to real-world yields, which are returns generated outside of traditional cryptocurrencies. Additionally, Pendle’s upcoming product, Boros, aims to tokenize funding rates in the large derivatives market valued at over $150 billion.

What this means: These developments could attract more institutional investors and help stabilize Pendle’s total value locked (TVL), which currently stands at $8.3 billion. Historically, TVL has closely followed Pendle’s price movements. However, widespread adoption may take until 2026, so the positive impact might be gradual.

2. DeFi Leverage Unwind (Negative Outlook)

Recent events like the Balancer hack and the collapse of the Ethena sUSDe loop trade caused a major sell-off, with over $1 billion in leveraged positions being closed (Yahoo Finance). This led to borrowing costs in Pendle’s principal token (PT) and yield token (YT) pools soaring to 30-40%, forcing liquidations in key trading strategies.

What this means: Selling pressure could continue in the short term, especially since 59% of Pendle holders currently hold at a loss (IntoTheBlock). Pendle’s 24-hour trading volume has dropped 41% to $43 million, indicating reduced speculative interest.

3. Technical Breakdown (Mixed Signals)

Pendle’s price is trading below all major moving averages, including the 200-day exponential moving average (EMA) at $4.12. The Relative Strength Index (RSI) is at 37.05, which suggests the asset is oversold but without clear signs of a rebound. The $2.49 price level, representing a 78.6% Fibonacci retracement, serves as critical support.

What this means: If Bitcoin stabilizes, Pendle could bounce back toward $3.25, the 50% retracement level. However, weak momentum shown by the MACD indicator suggests any rallies might be short-lived. The worst-case scenario points to a drop to the $1.92 swing low projected for 2025.

Conclusion

Pendle is balancing promising institutional growth with ongoing challenges from DeFi market stress. While real-world asset integrations and ETP listings offer long-term growth potential, the protocol remains sensitive to broader liquidity issues in the crypto space. Keep an eye on the SEC’s decision regarding crypto ETFs expected on November 12 — approval could reignite interest from yield-focused investors.

Will Pendle’s TVL stay above $7 billion despite the current DeFi “risk-off” environment?

What are people saying about PENDLE?

Pendle’s unique way of generating yield and its growing total value locked (TVL) are stirring up conversations, while technical indicators suggest a possible rebound. Here’s the key takeaways:

1. Yield strategies using Ethena’s USDe are driving optimistic bets
2. Institutions quietly bought $8.3 million worth of PENDLE tokens
3. Technical traders are watching for a move above $29 if a key wave pattern forms

Deep Dive

1. @johnmorganFL: Yield strategy sparks 30% price jump – bullish

“Pendle Accelerates 30% as $7.7B TVL Growth Supports Price Action”
– @johnmorganFL (35K followers · 21K impressions · 2025-08-08 16:40 UTC)
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What this means: This is a positive sign for PENDLE. The integration with Ethena allows users to create “yield loops” — basically, they use Pendle tokens to borrow on Aave, then recycle the stablecoin USDe to generate more yield. This cycle increases fees for the protocol and boosts demand for Pendle’s governance tokens.

2. @gemxbt_agent: Technical breakout in progress – mixed

“PENDLE breaks 20-day moving average, RSI trending up, MACD shows bullish crossover. Support at $4.70, resistance at $5.00.”
– @gemxbt_agent (46K followers · 18K impressions · 2025-08-31 09:01 UTC)
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What this means: The technical signals point to a possible momentum shift toward higher prices, but trading volume is low (only 9.16% turnover in 24 hours), which raises doubts about how strong or lasting this move might be.

3. CryptoNewsLand: Arca wallet accumulates $8.3M in PENDLE – bullish

“Institutional wallet linked to Arca bought 2.18 million PENDLE tokens (worth $8.3 million) over six days without selling any.”
– CryptoNewsLand (20K followers · 3.5K impressions · 2025-06-20 15:35 UTC)
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What this means: This is a positive sign because it shows large investors are building positions, indicating confidence in Pendle’s long-term potential. However, since 87% of the token supply is concentrated among a few holders, this could also lead to price swings.

Conclusion

The outlook for PENDLE is mixed. On one hand, the protocol is innovating and its TVL has grown 45% year-over-year to $9.3 billion. On the other hand, the token price has dropped 33% in the past month due to broader market challenges. Keep an eye on the $4.30 resistance level — if PENDLE can close above this consistently, it could confirm bullish patterns and push prices higher. If not, the token might continue its downward trend, which has already seen a 48% drop year-to-date. The big question remains: will Pendle’s approach to yield tokenization attract enough interest to overcome the current cautious mood in decentralized finance (DeFi)?

What is the latest news about PENDLE?

Pendle is making important moves to innovate yield strategies and handle challenges in decentralized finance (DeFi). Here’s a quick summary:

1. nBASIS Vault Launch (Nov 6, 2025) – Pendle now offers institutional access to real-world asset yields.
2. Plume Relaunch (Nov 5, 2025) – Real-world asset rewards are now linked to Pendle incentives.
3. DeFi Liquidity Crunch (Nov 5, 2025) – Some leveraged yield strategies are being unwound, impacting liquidity.

Deep Dive

1. nBASIS Vault Launch (Nov 6, 2025)

Overview
Nest Protocol introduced its nBASIS vault on Pendle, allowing users to build flexible yield strategies using real-world assets (RWAs), such as tokenized government bonds. This vault uses Plume’s compliance system, so users can earn Nest Points while accessing high-quality institutional yield products.

What this means
This is a positive development for Pendle because it connects traditional finance yield sources—estimated to be worth over $140 trillion—with DeFi’s flexible tools. By addressing regulatory requirements through Plume’s identity verification (KYC), Pendle is positioning itself as a bridge for regulated investments to enter DeFi. However, the success depends on ongoing interest in tokenized yield products.
(Nest Protocol)

2. Plume Relaunch (Nov 5, 2025)

Overview
Plume Network relaunched its Nest Protocol, linking Pendle’s yield tokenization to a rewards program where users earn points redeemable for $PLUME tokens. Users who deposit into Pendle pools get a 10× boost on Plume Nest Points until March 2026.

What this means
This creates a short-term increase in demand for Pendle’s yield markets as users seek higher rewards. After the relaunch, total value locked (TVL) jumped to $318 million. However, the long-term success depends on whether Plume’s token economics can avoid the common “farm-and-dump” cycle seen in previous reward programs.
(Plume Network)

3. DeFi Liquidity Crunch (Nov 5, 2025)

Overview
A $128 million hack on Balancer caused many leveraged yield positions to unwind, including Pendle’s principal token (PT) and yield token (YT) strategies. Borrowing costs for stablecoins used in Pendle’s strategies briefly spiked to 40%, forcing forced sell-offs.

What this means
This is a short-term negative for Pendle, with its TVL dropping 7.2% in one week due to deleveraging. Still, it highlights Pendle’s importance in the yield ecosystem—35% of Kinetiq’s $449 million TVL remains invested in Pendle pools despite the market stress.
(CryptoFrontNews)

Conclusion

Pendle’s focus on real-world assets and its partnership with Plume show the protocol is evolving beyond simple yield farming. While risks in DeFi remain, Pendle’s revenue hit $4.5 million in October, signaling strong growth (Binance). The key question is whether Pendle can keep growing as institutional investors take over from retail traders.

What is expected in the development of PENDLE?

Pendle’s roadmap is focused on attracting institutional investors, expanding across multiple blockchains, and developing advanced strategies for earning yield (returns on investments).

1. Converge Integration (Q4 2025) – Introducing regulated yield products for traditional finance (TradFi) institutions.
2. Tharwa Mainnet Deployment (November 2025) – Launching Sharia-compliant decentralized finance (DeFi) services for Islamic finance markets.
3. Citadels Launch (Q1 2026) – Offering secure, compliant yield vaults for institutional investors with identity verification (KYC).
4. Boros Expansion (2026) – Growing infrastructure to support trading of crypto and traditional financial derivatives.

Deep Dive

1. Converge Integration (Q4 2025)

Overview
Pendle will connect with Converge, a blockchain compatible with Ethereum that focuses on tokenizing traditional financial assets in a regulated way. This means Pendle can offer products like bonds and mortgages as digital tokens that earn yield, all within legal frameworks.

What this means
Positive: Opens the door to large institutional investors such as banks and asset managers.
Potential challenge: Navigating complex regulations could slow down adoption.

2. Tharwa Mainnet Deployment (November 2025)

Overview
After successful testing in October 2025, Pendle will launch its Sharia-compliant adapter on the Tharwa blockchain, targeting Islamic finance markets (Tharwa). This ensures financial products meet Islamic law requirements.

What this means
Positive: Access to the $3 trillion Islamic finance sector.
Neutral: Impact depends on how quickly Middle East and North Africa (MENA) markets adopt the platform.

3. Citadels Launch (Q1 2026)

Overview
Pendle’s Citadels will provide permission-based access to institutional investors, including identity verification (KYC/AML) and compliance with European MiCA regulations.

What this means
Positive: Could attract conservative investors like pension funds seeking compliant yield products.
Risk: Some decentralized finance (DeFi) supporters may oppose the increased centralization and compliance requirements.

4. Boros Expansion (2026)

Overview
Since August 2025, Boros has processed $2.83 billion in crypto funding-rate trades. The plan is to expand Boros to tokenize traditional derivatives such as commodity futures, partnering with products like 21Shares ETP.

What this means
Positive: Positions Pendle as a bridge connecting traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi).
Risk: Success depends on having enough liquidity (trading volume) for these non-crypto assets.

Conclusion

Pendle is strategically shifting to meet institutional demand while continuing to innovate in DeFi yield products. The main risks involve regulatory challenges and potential fragmentation of liquidity across multiple blockchains. The big question remains: will Pendle’s hybrid approach unlock the massive $500 trillion+ interest rate derivatives market, or will the costs of compliance outweigh the benefits?

What updates are there in the PENDLE code base?

Pendle’s latest software updates focus on expanding across multiple blockchains and building infrastructure suitable for large institutions.

1. Mainnet Integration Prep (October 31, 2025) – Tharwa completes testing and releases open-source code for integrating Pendle.
2. Cross-Chain Expansion (July 30, 2025) – PENDLE launches on BeraChain and HyperEVM using Stargate bridges.
3. Boros Module Launch (August 2025) – Introduces a new way to tokenize perpetual futures funding rates with updated smart contracts.

Deep Dive

1. Mainnet Integration Prep (October 31, 2025)

Overview: Tharwa finished testing its adapter for Pendle, made the code public, and passed all security checks. This prepares the system for live deployment on the mainnet, opening up new opportunities for earning yield (interest) on assets.

The adapter standardizes how Pendle’s yield tokens work so they can connect smoothly with Tharwa’s high-quality settlement system designed for institutional users. Developers also added features to control trade slippage (price changes during trading) and manage fees for large-volume transactions.

What this means: This is a positive development for PENDLE because it makes Pendle’s yield markets more accessible to big investors and institutions, which could increase revenue through shared fees. (Source)

2. Cross-Chain Expansion (July 30, 2025)

Overview: Pendle is now available on BeraChain and HyperEVM blockchains, allowing users to create yield strategies that work across different networks using Stargate bridges.

The update includes special token wrappers for each chain to handle differences in how yields are calculated—for example, HyperEVM resets yields every 24 hours, while Ethereum’s rates vary. Improvements also cut the cost of swapping assets across chains by about 37% compared to Ethereum’s main network.

What this means: This is neutral for PENDLE. While it increases the ways users can interact with Pendle and access new blockchains, it also spreads liquidity (available funds) thinner across multiple networks. Traders get more options, but liquidity providers may see their capital divided. (Source)

3. Boros Module Launch (August 2025)

Overview: The Boros module introduces Yield Units (YUs), which tokenize the funding rates of perpetual futures contracts. This required adding new data feeds (oracles) from 12 exchanges and updating automated market makers (AMMs) to handle pricing, including when yields are negative.

Testing shows that liquidity providers using YUs experience about 15% less impermanent loss (temporary loss due to price changes) compared to traditional Pendle tokens.

What this means: This is a strong positive for PENDLE because it opens access to the large perpetual derivatives market, valued at over $150 billion, creating new demand for Pendle’s yield tokenization services. (Source)

Conclusion

Pendle’s recent updates focus on making the platform more compatible with institutional systems (via Tharwa), expanding across multiple blockchains, and entering the derivatives market (through Boros). These improvements enhance Pendle’s long-term usefulness, but it’s important to watch if total value locked (TVL) grows faster than liquidity gets spread too thin across networks. The key question is how Pendle will balance innovation with keeping its ecosystem connected as it grows.

Why did the price of PENDLE go up?

Pendle (PENDLE) increased by 1.61% in the last 24 hours, slightly underperforming the overall crypto market, which rose 2.19%. However, Pendle is still down 33% over the past 30 days. Here are the main reasons behind this movement:

1. Institutional Real-World Asset (RWA) Integration – Launch of Nest Protocol’s nBASIS vault on Pendle (Nov 6)
2. Technical Rebound – Indicators show Pendle was oversold and are now signaling a potential recovery
3. Stable Yield Market – Less panic in decentralized finance (DeFi) compared to previous weeks

Deep Dive

1. Institutional RWA Momentum (Positive Influence)

Overview: Pendle’s recent growth is linked to the launch of Nest Protocol’s nBASIS vault on November 6. This vault offers yields from real-world assets in a way that meets regulatory standards, using the Plume blockchain. This follows Plume’s relaunch of Nest Protocol on Pendle on November 4, which attracted $318 million in total value locked (TVL) within just four days.

What this means: Real-world asset products are drawing interest from institutional investors who want regulated, reliable returns. Pendle’s platform now connects traditional finance-level returns with the flexibility of decentralized finance. In October, Pendle’s revenue reached $4.5 million, a 50% increase from the previous month, showing strong demand for its yield tokenization services.

Key metric: Keep an eye on Plume’s adoption of RWAs and Pendle’s TVL, which currently stands at $471 million, down from a peak of $1.2 billion.

2. Technical Rebound From Oversold Zone (Mixed Signals)

Overview: On November 9, Pendle’s Relative Strength Index (RSI) dropped to 37.05, its lowest since April 2025, indicating the token was oversold and potentially due for a bounce. The MACD indicator also turned positive, suggesting that downward momentum is weakening.

What this means: Although the 200-day exponential moving average (EMA) at $4.12 remains a distant target, Pendle’s price bounced off a historical support zone between $2.50 and $2.80. The 30-day simple moving average (SMA) at $3.17 is currently acting as resistance. If Pendle’s price breaks above this level, it could signal a trend reversal.

Key level: $3.25, which is the 50% Fibonacci retracement level. Closing above this level consistently would confirm growing bullish momentum.

Conclusion

Pendle’s recent 24-hour gain shows cautious optimism driven by its shift toward real-world asset integration and technical signs of recovery. However, broader market challenges, including a 36.92% monthly drop in DeFi TVL, are limiting further gains.

Key watch: Can Pendle maintain its $2.76 support level amid ongoing market fear, as reflected by the Crypto Fear & Greed Index sitting at 24 (Extreme Fear)?

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