Pendle Breaks Out as Institutional Strategy and Robinhood Expansion Fuel Price Rally
Pendle has made significant strides in recent times with the announcement of its institutional strategy and new infrastructure to connect compliant participants with its improving yield-trading ecosystem.
The proposed Pendle's Permissioned Markets Pilot is expected to launch within two months, targeting whitelist-gated PT/YT markets and addressing compliance requirements that have restricted institutional participation in certain environments.
This initiative aims to not only attract another category of users but also increase trading volume and generate revenue through existing market infrastructure.
The expansion of Pendle's economy to Robinhood Chain on September 7th has further widened its reach, complementing efforts to build infrastructure for diverse market players.
The integration resulted in a 47% surge in trading activity, with the token's volume reaching $64.47M in 24 hours.