Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

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

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.
0

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.

You may also like

Bitcoin ETFs score highest net inflows in 30 days amid volatility from Mt. Gox unlocks

After two consecutive trading days of net outflows, US-based spot bitcoin ETFs on July 5 saw the largest net inflows since June 6, thirty days ago, largely led by gains to Fidelity’s FBTC fund, Coinglass data shows.“The outlook for Bitcoin has never been stronger,” Bitwise’s CEO posted on X.

The Block2024/07/06 16:31

House to Challenge Biden’s Veto on Crypto Accounting Rule

Coinedition2024/07/06 16:31

pump.funs cumulative revenue exceeds $55 million

Odaily2024/07/06 16:29

Jupiter Co-founder: The J4J Project is a large-scale community consistency experiment

Odaily2024/07/06 16:29

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9940.54%
ROI
Total profit $50696.75
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1324.99%
ROI
Total profit $3847.28

Bot copy trading

More
AIZQUEEN
AIZQUEEN
insight20/150
$11718.02
Total profit
Total subscriber profits $35.91
GoldenEgg
GoldenEgg
insight145/150
$5644.26
Total profit
Total subscriber profits $-284.87