PENDLE (Pendle) has risen 12.46% in the last 24 hours.

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of writing, PENDLE is currently priced at $2.53, having risen 12.46% in the last 24 hours, with a high of $2.54 and a low of $2.04, and a 24-hour volume of $55.2 million. The current market capitalization is approximately $417 million, an increase of $46.2 million compared to yesterday.

Pendle is the world's largest cryptocurrency yield trading platform. The platform offers features such as trading, hedging, unlocking, earning, leverage, and fixed income. Pendle includes two main products: Boros margin trading and V2 spot trading. Boros allows users to trade any yield with powerful leverage and unprecedented capital efficiency, even off-chain interest rates. V2 supports spot yield trading, earning fixed income, and leveraged long yield with no lock-up period and no liquidation risk.

Important news about PENDLE recently:

1️⃣ Total Value Locked (TVL) has significantly risen Pendle's TVL reached $8.75 billion in the third quarter of 2025, a rise of 118.8% compared to the previous period. Stablecoins accounted for over 80%, becoming the core support of the TVL. This significant growth reflects the market's increasing confidence in the Pendle platform and may be one of the important factors driving the rise in the PENDLE token price.

2️⃣ Volume surges, hitting an all-time high In the third quarter, the nominal trading volume on the Pendle platform exceeded $23.39 billion, with a quarter-on-quarter rise of 236.1%. The monthly trading volume in September even reached a historical peak of $11 billion. The significant increase in trading volume not only reflects the heightened activity of the platform but also directly drives the increase in protocol revenue and transaction fees.

3️⃣ User base expansion, multi-chain layout deepening The monthly active users of Pendle have increased to 29,200, covering 8 public chains. Ethereum and HyperEVM have become the main user gathering places. Especially on the Plasma chain, Pendle has become the second largest protocol, with a TVL close to 1 billion dollars, accounting for 30% of the total locked value on that chain. The expansion of the user base and the deepening of the multi-chain layout provide broader application scenarios and value support for the PENDLE token.

From a technical perspective, the price of the PENDLE token has broken through previous resistance levels, showing a strong rise. On the fundamental side, Pendle plans to further expand into non-EVM ecosystems such as Solana in the fourth quarter and optimize existing features, which may bring more growth momentum to the PENDLE token.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.