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<p>PENDLE is on the rise with several bullish factors suggesting it will surpass $20 in this market cycle. According to Defi_Mochi, key metrics and upcoming catalysts position PENDLE as a standout player in the crypto market.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> bull thesis -&gt; Why <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> is going beyond $20 this cycle<br>—————–<br><br>Metrics<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">$24B Cumulative yield trading volume<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">Grew TVL by &gt; $500m in two weeks from $3.35B to $3.85B<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Nearly tripled trading vol from $30m to $84m in a week<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">35.5% of circulating…</p>— Defi_Mochi (@defi_mochi) <a href="https://twitter.com/defi_mochi/status/1815363937543880832?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<h3 class="wp-block-heading" id="strong-pendle-s-key-metrics-highlighting-growth-strong"><strong>PENDLE’s Key Metrics Highlighting Growth</strong></h3>
<p>PENDLE has metrics that signal robust growth. The cumulative yield trading volume has reached around $24 billion as noted by Defi_Mochi.&nbsp;</p>
<p>Additionally, in two weeks, PENDLE’s total value locked surged by $500M, rising to $3.85 billion. Besides, this growth was accompanied by nearly tripling its trading volume, from $30 million to $84 million within a week.&nbsp;</p>
<p>Furthermore, 35.5% of circulating PENDLE is locked as vePENDLE, and the protocol has generated $18.58 million in annual fees. These metrics indicate strong market confidence and substantial activity within the PENDLE ecosystem.</p>
<h3 class="wp-block-heading" id="strong-catalysts-driving-future-growth-strong"><strong>Catalysts Driving Future Growth</strong></h3>
<p>Several catalysts are expected to propel PENDLE beyond $20. Firstly, <a href="https://www.coindesk.com/business/2024/07/22/sec-approves-spot-ethereum-etfs/" target="_blank" rel="noopener noreferrer nofollow">the launch of ETH ETF</a> this week is a key event.&nbsp;</p>
<p>Historically, PENDLE has been a top pick for ETH betas alongside PEPE and ENS. The opening of yield markets with ETH staking is anticipated to boost yield trading, attracting institutional attention towards ETH markets.</p>
<p>Another catalyst is the launch of the LRT token. The introduction of permissionless restaking by @LidoFinance, a universal restaking layer by @Karak_Network, modular infrastructure for LRT creation by @mellowprotocol, and multi-asset restaking LRT by @Bedrock_DeFi are key developments. These innovations are expected to boost the utility and appeal of PENDLE.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/robert-kiyosaki-predicts-bitcoin-price-if-trump-becomes-us-president-again/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Robert Kiyosaki Predicts Bitcoin Price If Trump Becomes US President Again</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-collaborations-and-upcoming-launches-strong"><strong>Collaborations and Upcoming Launches</strong></h3>
<p>Collaborations with notable projects further bolster $PENDLE’s prospects. BTC fi with [redacted], highly anticipated L1 projects such as @monad_xyz and @berachain, and upcoming @binance-backed L2s like @ZircuitL2 are noteworthy collaborations.&nbsp;</p>
<p>Additionally, new <a href="https://captainaltcoin.com/?s=Real-World+Asset&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Real-World Asset (RWA) </a>pools are set to launch, diversifying PENDLE’s offerings and attracting more users.</p>
<p>Moreover, Pendle V3 is another launch slated for Q4. This upgrade will unlock leveraged yield trading, which is expected to attract massive institutional interest, courtesy of @pendle_fi’s elite business development team.&nbsp;</p>
<p>With these catalysts aligning for Q4, PENDLE is poised to solidify its position as the de facto market for yield trading in the crypto sector.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Hence, PENDLE’s metrics and the upcoming catalysts and strategic collaborations, indicate a strong potential for price appreciation. Besides, with these developments unfolding, PENDLE is expected to reach and surpass the $20 mark in this market cycle.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/why-pendles-price-might-surge-beyond-20-this-cycle/" rel="noopener noreferrer nofollow">Why PENDLE’s Price Might Surge Beyond $20 This Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why PENDLE’s Price Might Surge Beyond $20 This Cycle

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