What could affect the price of PENDLE?

Pendle’s price outlook shows mixed signals, balancing growing interest from big investors with some risks tied to its token supply.

1. Big Investors Getting Involved
   Arthur Hayes moved $5.5 million worth of Ethereum into PENDLE, showing confidence in Pendle’s approach to yield-tokenization.
2. New Product Launch
   Pendle’s Boros platform targets a huge derivatives market worth over $150 billion, opening new ways to make money.
3. Token Supply Concerns
   Pendle has no cap on total tokens and ongoing token releases, which could dilute value despite current growth in assets locked in the system.

Deep Dive

1. Big Investors Getting Involved (Positive for Price)

What happened:
In January 2026, Arthur Hayes shifted $5.5 million from Ethereum into PENDLE, along with other tokens like LDO and ENA, focusing on decentralized finance (DeFi) strategies that generate yield. This move reflects growing interest from institutional players. For example, 21Shares launched a Pendle Exchange-Traded Product (ETP) on the SIX Swiss Exchange, allowing traditional investors to access Pendle’s yield-tokenization model.

Why it matters:
Hayes’ investment signals strong belief in Pendle’s potential in structured yield markets. This could encourage other investors to follow suit. The ETP also adds legitimacy, making Pendle more attractive to regulated funds and increasing demand if adoption grows.

2. New Product Launch (Positive for Price)

What happened:
In December 2025, Pendle introduced Boros, the first on-chain platform for funding-rate derivatives, which earned $730,000 in early revenue. This product complements Pendle’s main business of yield-tokenization, which handled $58 billion in fixed yield transactions in 2025—a 161% increase from the previous year.

Why it matters:
Boros expands Pendle’s reach into the large perpetual swap market, diversifying its income beyond traditional yield trading. With total value locked (TVL) reaching $5.8 billion in 2025, new products like Boros could boost fees and attract more users, supporting Pendle’s price growth.

3. Token Supply and Competition (Mixed Impact)

What’s the issue:
Pendle has no maximum token supply, which means more tokens can be created over time. Although 37% of tokens are locked in vePENDLE (a system that restricts selling), ongoing token releases risk diluting value. Competitors like Kamino and Aerodrome offer very high annual percentage yields (APYs), which could draw liquidity away from Pendle.

Why it matters:
While locked tokens reduce immediate selling pressure, new competitors might chip away at Pendle’s roughly 50% share of the DeFi yield market. Additionally, token emissions reducing supply by about 1.1% per week until 2026 could counteract growth if the total value locked doesn’t keep increasing.

Conclusion

Pendle’s growing interest from big investors and its new Boros platform could push prices higher in the near term. However, concerns about unlimited token supply and rising competition may limit long-term gains. Holders should watch Boros’ revenue growth and how many tokens stay locked in vePENDLE.
Will Pendle’s new institutional investments outpace the effects of token inflation in 2026?

What are people saying about PENDLE?

The buzz around Pendle (PENDLE) mixes positive technical signals with some cautious moves by big investors. Here’s the quick summary:

1. Technical breakout signs – Traders are watching a key resistance level at $5 after a bullish signal.
2. Strong TVL growth – $7.7 billion locked value is driving a 30% price increase.
3. Whale selling pressure – Big investor Polychain sold at a loss, causing some concern.

In-Depth Look

1. Technical Breakout Above 20-Day Moving Average (MA)

@gemxbt_agent notes:
“PENDLE broke above the 20-day moving average with an upward trend in RSI and a MACD crossover… resistance at $5.0.”
– @gemxbt_agent (45.8K followers · 187K posts · 2025-08-31 09:01 UTC)
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What this means: This is a positive sign for Pendle. Technical indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) suggest momentum could push the price toward $5, especially if trading volume supports the move.

2. TVL Growth Fuels 30% Price Surge

@johnmorganFL reports:
“Pendle’s price jumped 30% as its Total Value Locked (TVL) reached $7.7 billion, supporting the price action.”
– @johnmorganFL (35K followers · 560K posts · 2025-08-08 16:40 UTC)
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What this means: The growth in TVL, which measures how much value is locked in Pendle’s platform, shows strong liquidity and user trust. This is a bullish sign, indicating healthy demand and market confidence.

3. Pendle’s Role in Yield Tokenization and Cross-Chain Expansion

@Nicat_eth highlights:
“Pendle leads in real-world asset (RWA) and liquid staking token (LST) yield markets with $3.57 billion TVL and expanding across multiple blockchains.”
– @Nicat_eth (7.5K followers · 33.5K posts · 2025-12-03 06:25 UTC)
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What this means: Pendle’s unique position in tokenizing yields from real-world assets and staking tokens gives it a strong long-term outlook. This could help balance risks from upcoming token unlocks and market fluctuations.

4. Polychain’s $3.99 Million Loss Sell-Off

CryptoNewsLand reports:
“Polychain sold Pendle tokens at a $3.99 million loss, pushing the price down to test $2.00 support.”
– CryptoNewsLand (2025-12-20 07:40 UTC)
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What this means: This is a bearish signal in the short term. When a major investor like Polychain exits at a loss, it can shake market confidence and increase the risk of the price dropping to $2.00.

Conclusion

The outlook for Pendle (PENDLE) is mixed. On one hand, strong technical indicators and growing TVL suggest upward momentum. On the other, large investor sell-offs create caution. Pendle’s niche in yield tokenization and cross-chain growth offers a solid foundation, but keep an eye on the $2.00 support level and TVL trends to see which way the market moves. Will Pendle’s focus on real-world assets be enough to overcome selling pressure? Time will tell.

What is the latest news about PENDLE?

I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details become available, I should have them soon. In the meantime, please feel free to choose another question or cryptocurrency for analysis.

What is expected in the development of PENDLE?

Pendle’s roadmap is focused on growing its yield markets across different blockchain ecosystems while introducing new ways to earn yield.

1. Boros Mainnet Launch (2025) – A platform for institutional investors to trade yield based on funding rates from derivatives
2. Citadels Expansion (2026) – Launching yield products that comply with Sharia law and KYC requirements for traditional finance (TradFi) institutions
3. Non-EVM Chain Deployments – Expanding to blockchains like Solana and TON to reach more users

Deep Dive

1. Boros Mainnet Launch (2025)

Overview:
Boros is Pendle’s new platform designed for institutional investors to trade yields derived from funding rates on perpetual swap contracts. These contracts are part of a huge $150 billion daily derivatives market. Early partnerships with protocols like Ethena allow users to hedge fixed yields, adding more flexibility.

What this means:
This is a positive development for Pendle (PENDLE) because it opens access to one of the largest untapped sources of yield in crypto. During testing, Boros handled $2.83 billion in trading volume over three months (21Shares). However, the success depends on the stability of the derivatives market.

2. Citadels Expansion (2026)

Overview:
Pendle plans to introduce yield products that comply with Sharia law, targeting the $3.9 trillion Islamic finance market. They will also offer KYC-compliant products for traditional financial institutions through separate legal entities (SPVs).

What this means:
This move could expand Pendle’s total addressable market (TAM) significantly but comes with regulatory challenges. If successful, it could diversify Pendle’s revenue beyond just decentralized finance (DeFi) users.

3. Non-EVM Chain Deployments

Overview:
Pendle is expanding to blockchains outside the Ethereum Virtual Machine (EVM) ecosystem, including Solana, TON, and HyperEVM. This aims to capture users in faster-growing blockchain communities. For example, Pendle reached $515 million in total value locked (TVL) on HyperEVM just 2.5 weeks after launch (NullTX).

What this means:
This expansion is good for user adoption but could lead to liquidity fragmentation across chains. Pendle plans to use cross-chain bridges like Stargate to help keep liquidity connected.

Conclusion

Pendle is positioning itself as the go-to platform for crypto yield, bridging innovative DeFi fixed-income products with large-scale traditional finance markets through Boros and Citadels. With nearly $10 billion in TVL and institutional exchange-traded products (ETPs) already live, key things to watch include:

1. How Boros affects Pendle’s fee revenue
2. Progress in partnerships within Islamic finance
3. User growth on Solana and TON

Can Pendle maintain over 50% market share in DeFi’s yield sector while successfully expanding into compliance-heavy markets?

What updates are there in the PENDLE code base?

#### TLDR

Pendle’s recent software updates focus on improving how rewards are distributed and making the user experience smoother. Two key changes were made in the past few months:

1. V2 Incentive & Fee Restructure (July 31, 2025) – Introduced flexible reward limits based on pool activity and adjusted trading and yield fees for better efficiency.
2. App Newsfeed Feature (October 31, 2025) – Added a built-in news section inside the app to keep users updated on ecosystem news and announcements.

Deep Dive

1. V2 Incentive & Fee Restructure (July 31, 2025)

Overview: Pendle revamped its V2 rewards system by replacing fixed reward amounts with a dynamic cap that depends on how well each pool performs. Swap fees were lowered from 2% to about 1.3%, while fees on yield tokens (YT) increased from 5% to 7%.

This change helps make sure rewards go to pools that are actively used, preventing less popular pools from getting too many rewards. The new system rewards pools with higher fees faster and gradually reduces rewards for pools with less activity. The fee changes also put Pendle’s fees below industry averages—like Lido’s 10% fee—making Pendle’s yield strategies potentially more appealing.

What this means:
This is positive news for PENDLE because it improves how rewards are allocated, cuts down on unnecessary emissions, and increases the protocol’s revenue. Users get fairer rewards and slightly lower trading costs, while liquidity providers can expect more predictable returns based on real demand.
(Source)

2. App Newsfeed Feature (October 31, 2025)

Overview: Pendle added a new Newsfeed tab inside its app that brings together project updates, partnership news, and insights on yield strategies all in one place.

This feature removes the need to check outside platforms for updates by providing real-time alerts on governance proposals, pool expirations, and security notices. It also connects with Pendle’s analytics tools, so users can see news alongside live market data.

What this means:
This update is neutral for PENDLE since it improves how users access information without changing the core protocol. Traders and liquidity providers can more easily track important events like shifts in yield curves, but it doesn’t directly affect fees or rewards.
(Source)

Conclusion

Pendle’s recent updates focus on creating a more sustainable economic model through flexible incentives and better user communication. These changes show the project is maturing beyond its early growth stage. By aligning rewards with actual usage and making it easier to stay informed, Pendle could strengthen its position as a leading DeFi yield platform. The big question is how these improvements will help Pendle attract more institutional investors in 2026.

Why did the price of PENDLE fall?

Pendle (PENDLE) dropped 1.22% in the last 24 hours to $2.12, underperforming the overall crypto market, which fell about 1%. Here’s a quick look at why:

1. Technical Pullback – The price hit a key resistance level at $2.21 (based on Fibonacci analysis) and lost momentum, showing neutral signals.
2. Whale Activity – Big investors like Polychain Capital sold off their holdings at a loss, indicating less confidence from large players.
3. TVL Decline – The Total Value Locked (TVL) in Pendle’s platform dropped to $3.57 billion from a high of $4.2 billion in 2025, raising questions about its revenue stability.

Deep Dive

1. Technical Resistance & Momentum Shift (Bearish Impact)

Overview:
Pendle’s price was pushed back at the 23.6% Fibonacci retracement level ($2.21) and fell below its 30-day moving average ($1.99). Indicators like RSI (54.86) and MACD show momentum is neutral to slightly bearish.

What this means:
Traders likely took profits near this resistance, triggering stop-loss orders that pushed the price down. Now, the price is testing the 50% Fibonacci level at $2.02. If it falls below this, selling pressure could increase, pushing the price toward $1.93 (the 61.8% Fibonacci level).

What to watch:
A daily close above $2.16 would be a positive sign, potentially reversing the bearish trend.

2. Institutional Exit & Supply Pressure (Bearish Impact)

Overview:
Polychain Capital sold all of its 4.1 million PENDLE tokens at a loss of about $3.99 million between November and December 2025, according to CryptoNewsLand. This coincides with Pendle’s 20.13% drop over the past 60 days.

What this means:
When large holders exit, it increases the supply on the market and can shake investor confidence. Pendle has an unlimited token supply, which could dilute value over time, although the circulating supply is capped at 168 million tokens.

3. DeFi Yield Fatigue & TVL Concerns (Mixed Impact)

Overview:
Pendle’s TVL fell 15% from its 2025 peak of $4.2 billion to $3.57 billion. This decline is linked to slower demand for EigenLayer restaking and Ethena’s USDe stablecoin.

What this means:
Pendle still leads in yield tokenization, but competitors like Aerodrome (on Base) and Kamino (on Solana) are gaining ground with higher annual percentage yields (APYs) ranging from 20% to 120%. Pendle’s protocol revenue dropped to $16 million last quarter, down from $7.52 million in Q2 2025, as reported by CoinJournal.

What to watch:
Upcoming TVL data for Q1 2026 and adoption of the Boros platform (launched in 2025 for funding rate trading) will be important indicators.

Conclusion

Pendle’s recent price drop reflects technical challenges, large investor sell-offs, and a shift away from yield-focused DeFi projects. Despite this, its $3.57 billion TVL and listings on institutional exchange-traded products (ETPs) like 21Shares give it long-term credibility. However, short-term risks lean toward further declines.

Key watch: Can Pendle maintain support at the $2.02 Fibonacci level ahead of its Q1 2026 product updates?

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