In a remarkable turn of events, the Pendle crypto has experienced a significant surge, with the PENDLE price rallying nearly 30% today. Meanwhile, this surge has captured the attention of investors amid the volatile conditions prevailing in the broader crypto market.
So, let’s quickly explore the potential factors that may have helped in the PENDLE price rally, while looking at the underlying dynamics propelling Pendle’s growth trajectory.
Pendle Price Rally Sparks Discussions
Pendle, a crypto that enables future yield tokenization and trading, saw significant market attention as the PENDLE price surged today. Notably, the recent rally in its price has placed PENDLE among the top percentage gainers in the cryptocurrency market.
Meanwhile, Pendle’s meteoric rise in price can be attributed to several key factors, notably its exponential growth in total value locked (TVL). The TVL of Pendle has skyrocketed from $240 million at the beginning of the year to nearly $4 billion in April,
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