Pendle

Value

Arbitrum

DeFi

Mantle

<ul class="news-points">
 <li>Pendle TVL crashed almost 50% from all-time high of $6.721 billion.</li>
 <li>The maturation of LRTs is cited as a major reason for the TVL crash.&nbsp;</li>
 <li>The broader market meltdown could push the TVL and PENDLE token price lower.</li>
</ul>
Pendle, a DeFi protocol at the forefront of tokenization, has seen its Total Value Locked (TVL) nearly halved since mid-June, as the broader crypto market faces a sustained period of volatility and investor caution.
The downward spiral began June 27th, and since then, the values have been on a steady decline.&nbsp;
According to <a href="https://defillama.com/protocol/pendle#information" target="_blank" rel="noopener noreferrer nofollow">DefiLama</a>, Pandle’s TVL is currently $3.49 billion, down almost 50% from the all-time high of $6.721 billion on June 10. The highest TVL is on the Ethereum chain ($3.1 billion), followed by Arbitrum ($273.4 million) and Mantle ($114.63 million).&nbsp;
As per @ai_9684xtpa, a crypto and DeFi enthusiast on social media platform X (formerly known as Twitter), the broader crypto market meltdown could <a href="https://x.com/ai_9684xtpa/status/1808700245142032537" target="_blank" rel="noopener noreferrer nofollow">lead</a> to a further decline in Pendle’s TVL.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The downward trend may not change in the short term due to the impact of the market.”
</blockquote>
<a href="https://app.sentio.xyz/share/lv18u9fyu1b558xf?from=%22-2M%22&amp;to=%22now%22" target="_blank" rel="noopener noreferrer nofollow">Data</a> from Sentio shows that today’s trading volume stands at $21.7 million, while yesterday�…
The post <a href="https://coinedition.com/pendle-defi-protocol-a-case-study-in-crypto-market-volatility/" rel="noopener noreferrer nofollow">Pendle DeFi Protocol: A Case Study in Crypto Market Volatility</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Pendle DeFi Protocol: A Case Study in Crypto Market Volatility

Coin Edition

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