# Pendle's DeFi Domination

*Author: Bankless*
*Published: Apr 8, 2024*
*Source: https://www.bankless.com/pendles-defi-domination*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-620--2-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=pendle-total-domination&email=true)

  

   Pendle's DeFi Domination
  

  
  Published on Apr 8, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=pendle-total-domination&email=true) — Sign up for an account and see what crypto can be. 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
  ETH Roars Back
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-14--73-.png)](https://www.bankless.com/dashboard)- **🚀 ETH passes $3,700. **After posting the lowest ETH/BTC ratio since 2021 last week, Ethereum prices saw substantial gains on Monday, shooting up over 8%.
- 🇵🇾 **Paraguay preps BTC mining ban.** If approved, [a ban in the country](https://cointelegraph.com/news/paraguays-proposed-bitcoin-mining-ban-cost-200-million-per-year), which has become a hub for miners due to cheap hydroelectric power, would last six months.
- 🗳️ **Aave prepping fee switch vote. **Aave could [vote next week](https://twitter.com/lemiscate/status/1776638305540476992) on whether to activate a fee switch on the network that would distribute fees to token holders.

.  .  .

 
  
    

    TODAY IN MARKETS

  
  
    
   
Chinese Capital Destined for Crypto?
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-08T160728.716.png)](https://www.bankless.com/chinese-investors-barreling-toward-bitcoin?u=true)**📊 Property Panic!** Chinese markets continue to underperform, prompting investors in the world’s second-largest economy to dump onshore assets in favor of seemingly uncorrelated hedges as they flee for the exit. *What asset are Chinese citizens now storing wealth in, and could these flows be coming to ape your bags!?!*

[Read More Free on Bankless.com](https://www.bankless.com/chinese-investors-barreling-toward-bitcoin?u=true)

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.69T
       

  
    
    ↗ 4.0%
    
  

   
    
    ↗ 2.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $71,627
       

  
    
    ↗ 3.3%
    
  

   
    
    ↗ 2.8%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,687
       

  
    
    ↗ 8.4%
    
  

   
    
    ↗ 5.6%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
Pendle's Total Domination
  
  
   
     
     Bankless Author: 
     
      [
       
       William M. Peaster](https://twitter.com/WPeaster)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-08T160719.378.png)](https://www.bankless.com/pendle-total-domination)**There’s a new DeFi major on the block – **[**Pendle**](https://www.pendle.finance/)**. **

With $4B in total value locked (TVL) and deposits on the rise, the protocol is now among the largest projects in crypto. Pendle stands out for allowing users to tokenize and trade future yields on their DeFi assets. 

*Let's take a look at the components of this protocol and why DeFi investors are so bullish on what it enables*👇

[Read the Full Rundown](https://www.bankless.com/pendle-total-domination)
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