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MainNewsPendle DeFi ...

Pendle DeFi Protocol: A Case Study in Crypto Market Volatility


Jul, 04, 2024
1 min read
by CoinEdition
Pendle DeFi Protocol: A Case Study in Crypto Market Volatility
  • Pendle TVL crashed almost 50% from all-time high of $6.721 billion.
  • The maturation of LRTs is cited as a major reason for the TVL crash. 
  • The broader market meltdown could push the TVL and PENDLE token price lower.

Pendle, a DeFi protocol at the forefront of tokenization, has seen its Total Value Locked (TVL) nearly halved since mid-June, as the broader crypto market faces a sustained period of volatility and investor caution.

The downward spiral began June 27th, and since then, the values have been on a steady decline. 

According to DefiLama, Pandle’s TVL is currently $3.49 billion, down almost 50% from the all-time high of $6.721 billion on June 10. The highest TVL is on the Ethereum chain ($3.1 billion), followed by Arbitrum ($273.4 million) and Mantle ($114.63 million). 

As per @ai_9684xtpa, a crypto and DeFi enthusiast on social media platform X (formerly known as Twitter), the broader crypto market meltdown could lead to a further decline in Pendle’s TVL.

“The downward trend may not change in the short term due to the impact of the market.”

Data from Sentio shows that today’s trading volume stands at $21.7 million, while yesterday�…

The post Pendle DeFi Protocol: A Case Study in Crypto Market Volatility appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsPendle DeFi ...

Pendle DeFi Protocol: A Case Study in Crypto Market Volatility


Jul, 04, 2024
1 min read
by CoinEdition
Pendle DeFi Protocol: A Case Study in Crypto Market Volatility
  • Pendle TVL crashed almost 50% from all-time high of $6.721 billion.
  • The maturation of LRTs is cited as a major reason for the TVL crash. 
  • The broader market meltdown could push the TVL and PENDLE token price lower.

Pendle, a DeFi protocol at the forefront of tokenization, has seen its Total Value Locked (TVL) nearly halved since mid-June, as the broader crypto market faces a sustained period of volatility and investor caution.

The downward spiral began June 27th, and since then, the values have been on a steady decline. 

According to DefiLama, Pandle’s TVL is currently $3.49 billion, down almost 50% from the all-time high of $6.721 billion on June 10. The highest TVL is on the Ethereum chain ($3.1 billion), followed by Arbitrum ($273.4 million) and Mantle ($114.63 million). 

As per @ai_9684xtpa, a crypto and DeFi enthusiast on social media platform X (formerly known as Twitter), the broader crypto market meltdown could lead to a further decline in Pendle’s TVL.

“The downward trend may not change in the short term due to the impact of the market.”

Data from Sentio shows that today’s trading volume stands at $21.7 million, while yesterday�…

The post Pendle DeFi Protocol: A Case Study in Crypto Market Volatility appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Past vs. Present — Examining Bitcoin’s History of Bull Market Corrections

Past vs. Present — Examining Bitcoin’s History of Bull Market Corrections

As of now, the price of bitcoin has decreased by 23.4% from its peak of $73,737, reac...
Jul, 06, 2024
by Bitcoin News
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn

NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn

Over the past week, non-fungible token (NFT) sales have increased despite the signifi...
Jul, 06, 2024
by Bitcoin News