It was a day much like any other, except for the small matter of Pendle’s price leaping over 5% to breach the $5 barrier, accompanied by a rather impressive 35% surge in daily volume. The crypto world, ever so predictable, watched as the total value locked soared to unprecedented heights, reaching a new all-time high.
- Pendle, the crypto darling, saw its price climb to a princely sum of $5.10, with the daily volume swelling to a generous $110 million, a 35% increase from the previous day.
- In just 24 hours, the gains were enough to push the total value locked to a dizzying $12.1 billion, a testament to the coin’s newfound popularity and the market’s insatiable appetite for risk.
As the top cryptocurrencies took their cues from the broader risk asset markets on Thursday, buoyed by the latest U.S. inflation data, Pendle made a grand entrance, surging to an intraday high of $5.10. The altcoin, ever the performer, saw its price rise by a modest 5.8% within 24 hours, making it one of the most talked-about coins in the crypto market.
Buyers, ever the optimists, flocked to the native token of the crypto yield trading platform, driving the price from the modest $4.76 to a respectable $5.10. This upward trajectory, a welcome change from the downtrend seen since August 24th, when the price peaked at $6.29, seemed to suggest that better days were ahead.
With Pendle (PENDLE) oscillating between $4.73 and $5.12, the bulls were in high spirits, eyeing the all-time high of $7.50, last seen in April 2024. The spike in intraday trading volume only added fuel to the fire, suggesting that this demand zone might just be the beginning of a more significant rally.
On September 11th, the buying pressure was palpable, with the 24-hour trading volume skyrocketing by over 35% to reach a staggering $110 million. It was a day that would be remembered, not just for the numbers but for the renewed confidence it instilled in investors.
Pendle TVL Hits New Peak
Amidst the price fluctuations, Pendle’s influence in the decentralized finance (DeFi) ecosystem continued to grow, with the total value locked in DeFi reaching a new all-time high of over $12.1 billion. From a humble $4.81 billion on July 1, 2025, the TVL had nearly doubled in just two months, a remarkable feat considering the market’s volatility.
The broader market’s outlook, shaped by a complex web of macroeconomic factors and fundamental strengths, played a crucial role in PENDLE’s success. While external forces such as tariffs and interest rate expectations provided the backdrop for price movements, it was the internal factors-like institutional demand, stablecoin adoption, and regulatory developments-that truly solidified the coin’s position.
The price spikes, coupled with high-volume trading, were a clear indication of rising interest, and data from Coinglass showed that open interest in Pendle had climbed to a robust $143 million. It was a sign of things to come, and the crypto community, ever the optimists, was ready to ride the wave.
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2025-09-11 23:06