Pendle is gaining attention as one of the most promising DeFi protocols, showing significant growth and unique technological solutions. This article reviews Pendle's achievements, features, and analysts' opinions.
Pendle's Achievements in DeFi
Pendle currently has $12.3 billion locked in the protocol, an incredible 51% increase in just the last 30 days. This makes it the sixth largest DeFi protocol overall. Since launch, Pendle has generated $38 billion in total trading volume and now pulls in about $72 million a year in fees. However, Pendle's market cap is only around $1.25 billion, significantly less than similar projects.
Pendle's Prospects and Technology
Pendle is designed to be the backbone of the $400 trillion traditional finance yield market. Users can deposit assets, such as staked Ethereum, and Pendle splits them into original funds and future earnings. This allows the sale of future earnings for cash or the purchase of others’ yields. The technology used by Pendle enables integration with other blockchains and traditional financial tools.
Analysis of Opinions on Pendle
According to one of the Pendle founders, the team recently celebrated a $12 billion total value locked milestone while emphasizing that the job is not done. Some analysts predict that the price of PENDLE could hit $5.72 by the end of 2025 and possibly $11 or more over time. With institutional investors seeking yield, risk management, and fixed-rate products, Pendle's infrastructure meets an increasing demand.
Pendle showcases steady growth and interest from analysts due to its unique technologies and high achievements in DeFi. Despite its current low market capitalization, its potential continues to attract interest amid a growing demand for yield-generating tools.
