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.

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