Pendle Price Surges to New Highs

The Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked. This significant increase in price has been a notable development in the crypto market, with Pendle trending as one of the top performers.

Market Performance

With top cryptocurrencies taking a cue from broader risk asset markets on Thursday amid fresh U.S. inflation data, Pendle surged to an intraday high of $5.10. The altcoin’s price rose 5.8% in 24 hours as of this writing and has been a standout performer in the crypto market.

Price Movement

As buyers accumulated the native token of the crypto yield trading platform, the price jumped from lows of $4.76 to above $5.10, extending the bounce that stemmed the downtrend from the Aug. 24 high of $6.29. Pendle hovering between $4.73 and $5.12 means buyers have the opportunity to establish this as a robust demand zone.

Trading Volume

On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million. This significant increase in trading volume is a promising sign for the cryptocurrency, indicating rising interest among investors.

Total Value Locked

Pendle’s traction in the decentralized finance ecosystem continued as total value locked in DeFi hit a new all-time high above $12.1 billion. Pendle TVL stood at $4.81 billion on July 1, 2025, suggesting a near-double jump in the past two months, with the price rebounding from around $3.24.

Market Outlook

The broader market’s outlook, dictated by a confluence of macroeconomic factors and fundamental highlights, has helped PENDLE. While macro factors such as tariffs and interest rate expectations have provided a backdrop to price fluctuations for risk assets, other factors such as institutional demand, stablecoin adoption, and crypto regulatory developments have been key to altcoins’ resilience.

Rising Interest

Price spikes amid high-volume trading signal rising interest, and data from Coinglass show open interest in Pendle has jumped to $143 million. This increase in open interest is a positive sign for the cryptocurrency, indicating that investors are becoming more confident in its potential.

Conclusion

The recent surge in Pendle’s price and total value locked is a significant development in the crypto market. With the price rebounding from around $3.24 and reaching new highs, Pendle is definitely a cryptocurrency to watch. As the market continues to evolve, it will be interesting to see how Pendle performs in the coming months. For the latest news and updates on the crypto market, visit bitpulse.