Pendle Witnesses Stellar Price Hike, Sets New Records in DeFi Ecosystem
Pendle’s price saw a significant boost, exceeding 5% to surpass $5. Alongside this growth, Pendle reached unprecedented levels in total value locked (TVL).
Key Highlights:
- Pendle price soared to $5.10, marking a 5.8% increase within 24 hours.
- Daily trading volume spiked 35%, reaching $110 million.
- Total value locked hit a new record above $12.1 billion.
The uptick in Pendle’s value follows a positive trend in major cryptocurrencies, influenced by recent U.S. inflation data. Buyers poured in, driving the price from $4.76 to over $5.10,reversing the downtrend seen since August 24’s high of $6.29.
This upward momentum coudl possibly propel Pendle toward its all-time high of $7.50, recorded in April 2024. Rising intraday trading volumes support this bullish outlook.
On September 11,a surge in buying pressure saw 24-hour trading volume increase by more than 35% to $110 million. Additionally, Pendle’s TVL skyrocketed to a new high of over $12.1 billion, up nearly twofold as July 1, 2025.
Several factors contribute to this positive trajectory in the cryptocurrency market. Macroeconomic elements like tariffs and interest rates set the stage for asset price movements. Institutional adoption, stablecoins, and regulatory advancements in the crypto space further solidify altcoins’ strength.
Data from Coinglass reveals growing interest in Pendle,with open interest climbing to $143 million.This surge reflects the increasing appeal of the crypto yield trading platform among investors.
