Honestly, while looking through on-chain data today, I came across Pendle: protocol revenue was $61,000 over 24 hours, compared with a usual daily average of just $16,000—about 3.9 times higher.
My approach to data like this is to make a note of it first, not to act right away. I’ve seen daily spikes like this several times before, only for things to return to normal the next day. But I’ve also seen cases where the rise continued. The difference only becomes clear over the next few days. I’ll add $PENDLE to my watchlist for now.
For reference only—don’t take it as fact.
My approach to data like this is to make a note of it first, not to act right away. I’ve seen daily spikes like this several times before, only for things to return to normal the next day. But I’ve also seen cases where the rise continued. The difference only becomes clear over the next few days. I’ll add $PENDLE to my watchlist for now.
For reference only—don’t take it as fact.