Pendle, a protocol that divides yield-generating assets into principal and yield and converts them into tradable tokens, increased its total value locked (TVL) to $1.16 billion at the close of September 30, marking a 43% rise. This marked the first quarterly increase since September 2025. However, four weeks later, the picture reversed: the PENDLE token lost approximately 28% of its value on a monthly basis, while its 14-day relative strength index (RSI) fell to 21, remaining in the oversold zone. According to Ainvest’s market data, the overall crypto fear and greed index stands at 34. The token price is falling while TVL is rising; both figures have been officially verified.

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