PENDLE (Pendle) has pumped 28.05% in the last 24 hours.

Gate News Bot news, August 8, according to CoinMarketCap data, as of the time of writing, PENDLE (Pendle) is currently priced at $5.14, having pumped 28.05% in the last 24 hours, reaching a high of $5.24 and a low of $3.68. The 24-hour volume has reached $307 million. The current market capitalization is approximately $855 million, an increase of $187 million compared to yesterday.

Pendle is the world's largest crypto yield trading platform. The platform offers two main features: Boros margin trading and V2 spot trading. Boros margin trading allows users to trade any yield, including off-chain rates, with powerful leverage and unprecedented capital efficiency. V2 spot trading supports spot yield trading, earning fixed income, and leveraging long yields with no lock-up period and no liquidation risk.

Important news about PENDLE recently:

1️⃣ Boros platform launched and quickly adjusted parameters The newly launched funding rate trading platform Boros under Pendle has recently gone live. The platform supports on-chain funding rate trading and hedging, initially supporting funding rate trading for Bitcoin and Ethereum perpetual contracts. Just 24 hours after its launch, Boros made its first key parameter adjustments based on market activity, including raising the open interest cap for the BTC/USDT trading pair from $10 million to $15 million, as well as increasing the BTC vault limit from $26,000 to $40,000. This indicates that the Boros platform has received a positive market response since its launch.

2️⃣ TVL hits a new high, highlighting market confidence Despite Pendle recently experiencing an expiration event of over 1.5 billion dollars in locked assets, its Total Value Locked (TVL) has still climbed to a historic high of 7 billion dollars. Notably, the drawdown from peak to trough in TVL was minimal, only dropping by 2.8%, and it quickly recovered after just one day. This phenomenon reflects a significant increase in market confidence in Pendle assets, while also highlighting the consolidation of Pendle Principal Token (PT) as a preferred yield tool in DeFi.

3️⃣ Significant rise in fee income In July 2025, Pendle's vePENDLE fee revenue surged by 80% month-on-month, reaching $2.85 million. Even without considering the airdrop factor, the fee revenue in July remained at a healthy level of $2.28 million. The significant growth in fee revenue indicates that the usage rate and value creation capability of the Pendle platform are continuously improving.

The continuous expansion of the Pendle ecosystem, the enhancement of market confidence, and the rapid rise of platform revenue have jointly driven the pump of PENDLE token prices. However, investors still need to closely monitor market changes and cautiously assess potential risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.