Pendle Price Surges on Robinhood Expansion and Yield Infrastructure Boost

Pendle's price has surged due to several factors, including its expansion into the Robinhood ecosystem. The protocol is now live on Robinhood Chain, enabling yield markets for tokenized stock dividends. This move broadens Pendle's retail and tokenized yield story, attracting short-horizon traders.

The integrations with USDD and Morpho have further strengthened Pendle's yield infrastructure. USDD’s “GasFree” feature is being combined with Pendle’s PT markets, allowing users to leverage fixed yield positions. The sUSDD market on Pendle has reached about $11.74 million in TVL.

Pendle’s ongoing buyback program and reclaimed technical support levels have also provided momentum. The protocol has bought back over 2.8 million tokens, approximately $4 million year to date. Traders are watching PENDLE’s movement around the $2.152 breakout level and $2.50 as upside resistance.