Pendle TVL decreased by about 43% in the past week, down $123 million from yesterday

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Odaily2024/07/04 04:03

By:Odaily

Odaily News According to the monitoring of on-chain analyst @ai_9684xtpa, Pendles TVL also plummeted along with the market. In the past week, Pendles TVL has decreased by about 43%, from the highest point of 6.24 billion US dollars on June 27 to only 3.54 billion US dollars today. Its data panel shows that the average daily TVL has decreased by 123 million US dollars compared with yesterday. The downward trend may not change in the short term due to the superimposed market. The biggest reasons should be two points: - On June 27, a large number of LRT PTs expired, resulting in the withdrawal of funds: Sun Yuchen alone redeemed 293 million US dollars of tokens; - The PT/YT yield plummeted, and everyone was generally tired of the points game: the PT yield fell below 10%, and the new coin launch of the pledge agreement was lower than expected, which also significantly reduced the demand for YT purchases.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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