Data: Pendle's total locked value reaches 4 billion USD, and total trading volume exceeds 10 billion USD

ChainCatcher news, according to The Block, Pendle's analytics panel shows that the total locked value of crypto assets on the platform has reached $4 billion, while the total trading volume has also exceeded $10 billion. On April 2, Pendle's daily trading volume exceeded $400 million.

It is reported that Pendle has significantly benefited from the Ethereum staking boom, with most transactions on the platform concentrated on liquid staking tokens related to Ethereum and its corresponding yields. The influx of funds from these liquid staking platforms has enhanced the value of Pendle's holdings. Data shows that Pendle's holdings of weETH (the wrapped version of eETH from the liquid staking platform EtherFi) have increased by 13% over the past week, currently totaling 263,442 weETH (valued at $920 million).

In addition, trading of Ethena-related tokens is also very active, contributing over $500 million to Pendle's total locked value. Pendle CEO TN stated that prioritizing features and products that meet user needs is a key focus for the platform's future outlook.

It is worth mentioning that Pendle also allows users to leverage their points for trading, offering up to 128x leverage. Currently, about 10% of the total locked value on Pendle comes from point trading. With Pendle's rapid development, the price of its token PENDLE has also steadily risen this year, recently surpassing the $5 mark.