Pendle TVL has decreased by about 43% in the past week

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Cointime2024/07/04 04:14

By:Cointime

According to ai_9684xtpa monitoring, Pendle TVL has decreased by about 43% in the past week, from a high of 6.24 billion US dollars on June 27th to only 3.54 billion US dollars today. Its data panel shows that the daily TVL has decreased by 123 million US dollars compared to yesterday. The biggest reasons for the decline should be twofold:

· A large amount of LRT PT expired on June 27th, leading to fund withdrawals: Sun alone redeemed tokens worth 293 million US dollars;

· PT/YT yield plummeted, and people are generally tired of the point system: PT yield dropped to below 10%, and the delay in the new coin launch of the pledge agreement also significantly reduced the demand for purchasing YT.

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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