Today in Markets

Pendle's January Revenge

The hot DeFi protocol has gone parabolic on its liquid restaking plays.
Jack Inabinet Jack Inabinet Jan 30, 20242 min read
market analysis Pendle's January Revenge

Pendle had an epic January, and the token price was reflective of its success; PENDLE is up 138% on the month! What trending narrative has unleashed a wave of Pendle demand?

Last year, Pendle steadily increased its TVL to $235M to meet demand from token holders seeking a low-risk way to amplify their returns on yield-bearing collateral. Growth was supported by Pendle’s multi-chain expansion and its Arbitrum deployment, in particular, which launched last March and currently holds over $100M in locked value.

Citizen only

Upgrade to continue reading

  • Support the Bankless Movement
  • Premium Feed: Ad Free & Bonus Content
  • Daily Market Analysis & Research
  • Airdrop Hunter: Guided, Vetted Projects
  • Claimables: Find & Claim Airdrops + more
  • Private Discord w/ David & Ryan
Explore all the benefits
Jack Inabinet

Written by Jack Inabinet

274 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

No Responses
Get the Full
Bankless Experience

Get exclusive access to this content, token insights, and airdrop insider access!

Early Access to Products

Bankless Toolkit

Premium Podcast Feed

Bankless Badge


Private Discord w/ David & Ryan

Exclusive Articles & Podcast

Early Access to Products

PLUS $1,083+ of value in Citizen Deals! Your citizenship awaits!

Become a Citizen

Already a citizen? Log In