Pendle’s TVL has surged to 11.4 billion USD, nearly quadrupling since mid-April. This reflects increasing user adoption in the Pendle ecosystem, driven by the Ethena-Pendle-Aave DeFi engine, which offers innovative yield solutions.
Analysts suggest a bullish trend for PENDLE, predicting it could reach 7 USD if support levels are maintained. This optimistic forecast comes as Pendle aims to strengthen its position in the decentralized finance sector.
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