Pendle recorded $158 million in trading volume on October 20, its highest daily figure since the previous November. Ethereum led with $121.8 million, followed by Monad with $20.8 million and Plasm with $3.7 million. This surge in activity lifted PENDLE by 15% to $2.20, while 80% of the platform’s revenue is distributed to sPENDLE holders. Continued demand for decentralized yields and improving market sentiment could help the token retest $2.80, but a failure to hold $2.20 as support could lead it to $2.00 or $1.60.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
