Crypto
Pendle Soars on Robinhood Chain Launch and Aave Listing
Pendle's recent surge of 4.41 points is attributed to the launch of its first yield-trading market on Robinhood Chain, a high-activity L2 with over $47 billion in cumulative DEX volume and $1.4 billion in TVL.
The move is also linked to Aave's listing of Pendle's PT-USDG as collateral on Aave V3, which allows users to hold fixed-yield positions and borrow against them, effectively stacking yield and leverage.
Other factors contributing to the surge include Pendle's launch of USDx and sUSDx fixed income products for institutions, as well as growing recognition of PENDLE as core DeFi yield infrastructure.