Binance ranked second on the list of gains, with the highest daily gain of 27%.
What is Pendle?
BitEagle will provide you with a detailed analysis!
[What is Pendle?]
Pendle is a fixed-income platform.
Users can stake stETH, eETH, and rsETH on Pendle to earn income.
Pendle market value $950 million
[Token unlocking situation]
There is no upper limit on the supply of tokens.
The inflation rate is not high, and $1.7 million is unlocked every 7 days.
[Comparison of market value of projects in the same track]
Pendle belongs to the LSDFi track and ranks third in the same track.
The second place is ENA with a market value of $1.3 billion, and the leader Eigenlayer has not yet issued a coin.
For a comparison of the market value of other projects in the same track, please see the figure below.
[Revelation of the reasons for the surge]
1. Pendle has a TVL of 4.8 billion in the ETH chain, which is an important part of the Ethereum ecosystem. The surge in ETH today has driven the rise of Pendle.
2. Pendle recently launched a new pool that supports 20 times the sUSDe staking income every day. The high yield attracts more people to pledge USDe, allowing Pendle's TVL to reach a new high of $5.9 billion.
[Investment advice]
Pendle's market value is already $900 million, and it is difficult to double it. It is not recommended to chase the rise.
You can wait for the price to pull back to around $5 and get on the train with a small position.
Because it is deeply bound to ETH and is currently strong, don't short it.
