The post Defi Protocol Pendle’s TVL Drops Sharply Over 40% appeared first on Coinpedia Fintech News
Pendle’s TVL has dropped sharply over the past week from $6.2 billion to $3.7 billion, sliding more than 40% in one week. The broader market as well is experiencing a downturn as cryptocurrencies struggle with sell-off pressure. The decline in Pendle TVL also comes amid the maturation of multiple liquid staking markets within the DeFi project’s ecosystem. Impacted markets that saw huge pool tokens mature for redemption were across Ether. Fi, Renzo, Puffer, and Swell among others. PENDLE price has also slipped in recent weeks.