CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinOtag 2024-07-02 04:41:09

Pendle TVL Plummets 40% Amid Maturity of Liquid Re-Staking Tokens and Airdrop Induced Sell-offs

This past week has brought significant changes to the DeFi landscape, particularly affecting the protocol Pendle. With total-value-locked (TVL) seeing a sharp decline, the ecosystem is experiencing notable shifts due to token maturities and completed airdrops. Major market players and protocols, such as EigenLayer, are also witnessing repercussions from these dynamics. Pendle faces $3 billion

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.