In a significant milestone, Pendle, a decentralized finance (DeFi) protocol, has crossed the $100 million mark in Total Value Locked (TVL). This achievement is not a sudden surge but the result of consistent growth and strategic moves that have been in play for months.

Find High-Potential Token, yPredict, powered by its native token $YPRED, is emerging as a significant player in the crypto space. The presale YPRED, which is ongoing at ypredict.ai, has already raised over $2.25 million in seed round funding from early investors. As a new low market cap coin currently on presale, it powers an AI-based tool that predicts market movements and identifies high-potential tokens. The token also offers added utility for holders, unlocking access to a suite of analytics tools, including in-depth research into the tokenomics of upcoming crypto games and NFT projects. Get in on the Ground Floor and Unlock Exclusive Analytics Tools!

Pendle has been making waves in the DeFi space, currently ranking fifth among all yield protocols in terms of TVL. What’s more impressive is the protocol’s consistent growth. Over the past 30 days, Pendle has seen a 47% rise in TVL, a testament to its increasing popularity among users.

However, the true scale of Pendle’s growth becomes apparent when we take a broader view. Since January 2023, Pendle’s TVL has skyrocketed by 566%. This steady and natural growth rate underscores the protocol’s robustness and its ability to attract and retain users.

Pendle’s user base has also seen a significant uptick, with active users increasing by 285% this week alone. This surge in user activity indicates that more and more people are turning to Pendle to buy tokens at a discount and maximize their yield.

One of the key factors contributing to Pendle’s success is its token unlock policy. The protocol has zero token unlocks remaining for the core team, investors, or anyone else. All remaining unlocks are incentives designed to bring more volume to Pendle, ensuring a fair and equitable distribution of tokens.

Interestingly, Pendle’s market cap is only half of its TVL. Generally, the smaller the ratio of a token’s market cap to its TVL (MCAP/TVL), the higher the opportunity for price upside. This could mean that Pendle’s token is undervalued, presenting a potentially lucrative opportunity for investors.

Pendle’s performance can be summarized in a few key points:

With these positive indicators, it’s hard to ignore the potential of Pendle. The protocol has been consistently delivering on its promises, and its growth trajectory suggests that it could be a massive opportunity in the DeFi space.

The post Pendle’s Rise: Crossing the $100 Million Mark in DeFi appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

287 +