{"id":10504,"date":"2025-09-11T20:12:11","date_gmt":"2025-09-11T20:12:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pendle-price-breaks-above-5-as-volume-spikes-35\/"},"modified":"2025-09-11T20:12:19","modified_gmt":"2025-09-11T20:12:19","slug":"pendle-price-breaks-above-5-as-volume-spikes-35","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pendle-price-breaks-above-5-as-volume-spikes-35\/","title":{"rendered":"PENDLE price breaks above $5 as volume spikes 35%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">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.<\/p>\n<div id=\"cn-block-summary-block_e7e0901164352627a845510029f16a51\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pendle price increased more than 5% to $5.10, with daily volume rising 35% to $110 million.<\/li>\n<li>Gains in the past 24 hours have helped push total value locked to a new high above $12.1 billion.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>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\u2019s price rose 5.8% in 24 hours as of this writing and trended as one of the top performers in the crypto market.<\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PENDLE chart. Source: crypto.news<\/figcaption><\/figure>\n<p>Pendle (PENDLE) hovering between $4.73 and $5.12 means buyers have the opportunity to establish this as a robust demand zone. Bulls may eye the all-time high of $7.50 reached in April 2024, a move possibly supported as intraday trading volume spikes.<\/p>\n<p>On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Pendle TVL hits new peak<\/h2>\n<p>Amid the price fluctuation, Pendle\u2019s 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.<\/p>\n<p>The broader market\u2019s outlook, dictated by a confluence of macroeconomic factors and fundamental highlights, has helped PENDLE.<\/p>\n<p>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\u2019 resilience.<\/p>\n<p>Price spikes amid high-volume trading signal rising interest, and data from Coinglass show open interest in Pendle has jumped to $143 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10504"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10504\/revisions"}],"predecessor-version":[{"id":10505,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10504\/revisions\/10505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7723"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}