Pendle Tops $5 as TVL Hits $7.8B with New DeFi Integrations
Pendle’s price surged above $5, climbing to $5.40 after a 6.4% daily gain and 36% weekly increase. This rally coincided with the project’s total value locked (TVL) reaching a record $7.8 billion, up 56% over 30 days, underscoring growing liquidity and user confidence. Recent integrations with Ethena and Aave boosted capital efficiency: PT-USDe looping on Aave supplied over $3.3 billion in collateral in 20 days, while HyperEVM pools exceeded $100 million TVL. Boros launched on Pendle offering BTC and ETH funding rate trading, and Euler Finance added Pendle’s PT tokens as collateral. An AEON partnership also enables Pendle payments across 20 million merchants, expanding real-world use. Technical indicators show a bull flag breakout, with Pendle testing a macro wedge resistance; maintaining current support could fuel further upside. These developments highlight Pendle’s strengthened ecosystem, diversified yield strategies, and potential for continued growth in DeFi markets.
Bullish
Pendle’s record TVL growth and high-profile integrations with protocols like Aave, Ethena, Euler Finance, and AEON underscore strong on-chain demand and real-world utility, fueling bullish trader sentiment. Historically, significant TVL surges on DeFi platforms have correlated with price appreciation as capital inflows signal network health and liquidity depth. The recent bull flag breakout and macro wedge pattern test further reinforce technical momentum; comparable setups on DeFi tokens such as Uniswap and Sushiswap in 2021 preceded multi-week rallies. The launch of Boros funding rate trading expands yield strategies, attracting sophisticated traders seeking leverage and hedging, which typically drives volume and volatility upward. In the short term, maintaining support above current levels could trigger further upside, while long-term ecosystem enhancements position Pendle for sustained growth. Overall, these supply-side improvements and bullish technical signals point to a positive outlook, justifying a bullish market stance.