Pendle, a decentralized finance (DeFi) platform born in Singapore in 2021, is preparing to reach a historic milestone: $1 billion in Total Value Locked (TVL).
On DefiLama, at the time of writing, Pendle's TVL has reached $992 million, but looking at the graph it is clear that this surge in interest has arrived exponentially starting from 2024.
The rise is dizzying, considering that on January 1, 2024 the TVL was 233 million dollars, at the beginning of February it was 611 million dollars
and in the first 10 days of February the TVL was close to one billion dollars.
Pendle also stands out in the DeFi sector of Liquid Restoring Token Finance (LRTFi). The platform offers users the ability to stake their tokens and receive liquid tokens in exchange that can be used on other DeFi platforms.
Returning to today, Pendle's success can be demonstrated above all by the value of its native token PENDLE. +132% in one month and 3080% in the last year, PENDLE is worth $2.90.
Incredible!
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