DeFi

DeFi Protocol Pendle’s TVL Drops 40% In A Week, What’s Behind the Exodus?

02.07.2024

Over the last week, Pendle, a popular DeFi protocol that led the EigenLayer boom, witnessed a 40% drop in the total-value-locked (TVL). At one point, Pendle had managed to gather more than $6 billion in user deposits but has now lost nearly one-third of that. Since last Wednesday, users have withdrawn $3 billion from Pendle deposits, a large part of it belonging to liquid re-staking tokens. As of Monday, the value of the user deposits in DeFi protocol Pendle was $3.7 billion.

Source

Click to rate this post!
[Total: 0 Average: 0]
02.07.2024
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

  • bitcoinBitcoin (BTC) $ 89,013.00
  • ethereumEthereum (ETH) $ 3,282.67
  • tetherTether (USDT) $ 0.999887
  • dogecoinDogecoin (DOGE) $ 0.384075
  • usd-coinUSDC (USDC) $ 0.998919
  • cardanoCardano (ADA) $ 0.577159
  • tronTRON (TRX) $ 0.187851
  • chainlinkChainlink (LINK) $ 14.17
  • bitcoin-cashBitcoin Cash (BCH) $ 438.22
  • leo-tokenLEO Token (LEO) $ 7.32
  • litecoinLitecoin (LTC) $ 76.90
  • crypto-com-chainCronos (CRO) $ 0.183736
  • stellarStellar (XLM) $ 0.127157
  • ethereum-classicEthereum Classic (ETC) $ 22.73
  • daiDai (DAI) $ 0.998208
  • blockstackStacks (STX) $ 2.05
  • moneroMonero (XMR) $ 153.56
  • okbOKB (OKB) $ 45.02
  • hedera-hashgraphHedera (HBAR) $ 0.068104
  • vechainVeChain (VET) $ 0.026829
  • cosmosCosmos Hub (ATOM) $ 5.37
  • theta-tokenTheta Network (THETA) $ 1.43
  • kucoin-sharesKuCoin (KCS) $ 11.01
  • makerMaker (MKR) $ 1,502.52
  • algorandAlgorand (ALGO) $ 0.152285
  • gatechain-tokenGate (GT) $ 9.59
  • matic-networkPolygon (MATIC) $ 0.396941
  • eosEOS (EOS) $ 0.567517
  • neoNEO (NEO) $ 11.46
  • tezosTezos (XTZ) $ 0.734191
  • tether-goldTether Gold (XAUT) $ 2,597.73
  • zcashZcash (ZEC) $ 41.19
  • havvenSynthetix Network (SNX) $ 1.61
  • iotaIOTA (IOTA) $ 0.143417
  • true-usdTrueUSD (TUSD) $ 0.998984
  • bitcoin-goldBitcoin Gold (BTG) $ 27.33
  • holotokenHolo (HOT) $ 0.002132
  • zilliqaZilliqa (ZIL) $ 0.017385
  • 0x0x Protocol (ZRX) $ 0.372874
  • dashDash (DASH) $ 26.05
  • siacoinSiacoin (SC) $ 0.005325
  • enjincoinEnjin Coin (ENJ) $ 0.165809
  • basic-attention-tokenBasic Attention (BAT) $ 0.193204
  • ravencoinRavencoin (RVN) $ 0.019773
  • qtumQtum (QTUM) $ 2.70
  • decredDecred (DCR) $ 13.35
  • ontologyOntology (ONT) $ 0.205887
  • nemNEM (XEM) $ 0.018617
  • liskLisk (LSK) $ 0.969998
  • iconICON (ICX) $ 0.151538
  • statusStatus (SNT) $ 0.033452
  • digibyteDigiByte (DGB) $ 0.006901
  • nanoNano (XNO) $ 0.887949
  • numeraireNumeraire (NMR) $ 16.01
  • wavesWaves (WAVES) $ 1.17
  • paxos-standardPax Dollar (USDP) $ 0.996756
  • hiveHive (HIVE) $ 0.212732
  • steemSteem (STEEM) $ 0.197039
  • huobi-tokenHuobi (HT) $ 0.545650
  • binance-usdBUSD (BUSD) $ 0.987912
  • republic-protocolRen (REN) $ 0.039010
  • omisegoOMG Network (OMG) $ 0.276840
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.097186
  • bytomBytom (BTM) $ 0.004231
  • augurAugur (REP) $ 0.852280
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 0.503842