A single day's volume surge doesn't establish a trend. Pendle recorded $122 million in 24-hour trading volume, 3.3 times its usual level, ranking 16th among DEXs. What remains to be verified is whether this can be sustained:
The increase isn't particularly dramatic. If trading volume stays around this level over the next few days, the protocol's revenue curve will truly start to rise.
$PENDLE latest: 1.704, 24h: -2.85%.