PENDLE coin: The story behind the 25-fold surge in half a year and currency security

In this ever-changing digital currency market, the performance of PENDLE coin has undoubtedly become the focus of many investors. In just half a year, its price has soared 25 times. This amazing increase not only surprised early investors, but also attracted more attention and discussion. So, what factors have driven the rapid rise of PENDLE coin? How safe is it? What opportunities does it bring in spot trading? Next, we will explore these issues in depth to help you better understand this emerging digital asset.

As an emerging DeFi (decentralized finance) asset, PENDLE coin stands out in the market with its unique financial model and innovative liquidity management strategy. First of all, the core concept of PENDLE lies in "time value", which allows users to split their assets and create tradable "time rights" to maximize their returns. This design not only provides users with a flexible way to manage funds, but also attracts a large number of investors to participate.

When talking about the soaring price of PENDLE coin, we cannot ignore the importance of market supply and demand. As PENDLE's popularity continues to rise, more and more investors are paying attention to and buying this asset, driving up its price. Data shows that PENDLE's trading volume has grown exponentially in the past six months, and the market's recognition and acceptance of it has increased significantly. In addition, the liquidity of PENDLE coins is also increasing, which makes more investors willing to include it in their investment portfolios.

At the same time, we also have to mention the security of PENDLE coins. In digital currency transactions, security is always one of the most concerned issues for investors. PENDLE coins use advanced smart contract technology to ensure the transparency and security of transactions. The writing of smart contracts has been strictly audited to reduce potential security risks. In addition, PENDLE has established partnerships with many well-known exchanges to ensure the security of users' funds in spot transactions. These measures have undoubtedly enhanced investors' trust in PENDLE coins.

It is worth noting that the spot trading market for PENDLE coins is also expanding. As more and more exchanges list PENDLE, users' trading options become more abundant. Spot trading not only allows investors to realize the flow of funds in a shorter period of time, but also provides more investment strategies. For example, investors can capture profit opportunities brought by market fluctuations through short-term trading, or they can choose to hold for a long time and enjoy the dividends of asset appreciation. This flexibility makes PENDLE coin more competitive in the digital currency market.

In the current market environment, investors' psychology and behavior are also quietly changing. In the past, many people were cautious about digital currencies, but with the rise of high-quality projects such as PENDLE coins, more and more people are beginning to try to enter this market. Especially the younger generation, they are more willing to accept new things and are happy to try new investment methods. According to relevant surveys, the proportion of young people participating in digital currency investment has increased year by year. This trend undoubtedly provides a solid foundation for the future development of PENDLE coins.

Of course, any investment has risks, and PENDLE coins are no exception. Although its price has risen sharply in the short term, market volatility still exists. Investors need to remain rational when participating in PENDLE coin transactions and fully assess their risk tolerance. At the same time, it is recommended that everyone pay attention to market trends and adjust investment strategies in time to cope with possible market changes.

In the entire PENDLE coin ecosystem, the power of the community cannot be ignored. PENDLE's development team actively interacts with the community, listens to the voice of users, and adjusts the direction and strategy of the project in a timely manner. The support of the community not only provides impetus for the promotion of PENDLE, but also lays the foundation for the long-term development of the project. Against this background, the future development prospects of PENDLE coin are very broad.

In summary, the performance of PENDLE coin in the past six months has been remarkable. Behind its price surge of 25 times, it is inseparable from the changes in market supply and demand, innovative financial models, strong security guarantees and community support. Today, as digital currency investment is increasingly concerned, PENDLE coin, as an emerging asset, deserves in-depth research and attention from investors. In the future, as the market continues to mature, PENDLE coin is expected to continue to play its unique advantages and achieve greater breakthroughs.

In this rapidly developing digital currency market, the success of PENDLE coin tells us that innovation and security are the key to future development. For investors, understanding market dynamics, maintaining rational investment, and participating in community activities will be important factors for success. I hope that every investor can find his own wealth in this market full of opportunities.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: Pendle, a tokenized Defi project founded in 2021, has seen a rise in both TVL and coin price from the beginning of the year to late April, thanks to the popularity of LSD (liquidity pledge derivatives). The increase was more than ten times at the time. Now, the increase has exceeded 200% again in the past month, and is temporarily reported at $1.17 as of press time. $PENDLE will be launched tonight, attracting market attention again.

PENDLE TVL

What is Pendle protocol? 

The main product of the Pendle protocol is yield trading, which splits all interest-raising assets (such as GLP, stETH, etc.) into principal tokens PT (Principal
token) and interest tokens YT (Yield token). Users can purchase PT at a discounted price and redeem it at maturity to avoid fluctuations. They can also use YT to predict and speculate on future returns.

Pendle's token economic model borrows from Curve's ve model. Through the mortgage function, it can be exchanged for vePENDLE tokens. Holders of vePENDLE can also obtain rewards from the liquidity pool according to their voting weights and obtain other transaction income in the protocol.

Similar to Convex to Curve, many protocols can be built on $PENDLE. For example, Equilibria or Penpie will re-stake the LP tokens obtained from Pendle to increase income and further release the flywheel effect.

With the popularity of the LSD track, the types of interest-raising assets are more extensive. Pendle has caught up with this trend and has been widely favored by the market with its simple operating interface (divided into Lite and Pro).

PENDLE has a simple interface

$PENDLE will be launched tonight

According to the previously sorted Research (Binance Research) LSDFi research report, it is mentioned that in the competitive track of LSDFi, Lybra Finance, which is in the "CDP stablecoin" category, is currently leading the market. In addition, Pendle is mentioned in the top five protocols.

At 6pm tonight, Binance will also launch $PENDLE spot trading pairs, PENDLE/BTC, PENDLE/USDT, PENDLE/TUSD, and $PENDLE perpetual contracts will be launched in two days.

The whale's return rate is as high as 1,289%

When Binance announced that it would launch $PENDLE, the price of $PENDLE soared by 50%. According to SpotOnChain's tweet, a $PENDLE big holder's return on investment has exceeded 1,289%. He bought 878,000 $PENDLEs (average price of about $0.049) for $43,000 USDC in mid-2022, and began to sell them after they rose by 1219% in April (average price of about $0.681). It is estimated that the profit has reached $215,000, and there are still 580,000 $PENDLEs on hand.