$PENDLE On-chain note:
Pendle (yield) protocol revenue jumped to 3.9 times its usual daily average of $16,000, reaching $61,000 over 24 hours.
When I see this kind of spike, I usually ask three questions:
1) Who paid the fees—was it due to increased trading volume or a one-off transaction?
2) How long can it last?
3) Is there a mechanism for the revenue to flow back to PENDLE holders?
Until these three questions are answered, don’t treat the revenue as a reason to buy.
Pendle (yield) protocol revenue jumped to 3.9 times its usual daily average of $16,000, reaching $61,000 over 24 hours.
When I see this kind of spike, I usually ask three questions:
1) Who paid the fees—was it due to increased trading volume or a one-off transaction?
2) How long can it last?
3) Is there a mechanism for the revenue to flow back to PENDLE holders?
Until these three questions are answered, don’t treat the revenue as a reason to buy.