Pendle breaks through the $5 mark, with TVL reaching an all-time high: the next target aims for the historical high point of $7.50.

Against the backdrop of a significant rise in volume, the price of Pendle (PENDLE) has increased by over 5%, breaking through the $5 mark. Meanwhile, its Total Value Locked (TVL) in the Decentralized Finance (DeFi) ecosystem has reached an all-time high. This upward momentum is driven by various factors, including the macroeconomic environment and the strong fundamental growth of the Pendle platform itself.

Price rise and volume surge

Affected by macro factors such as U.S. inflation data, overall risk sentiment in the crypto market is rising. PENDLE is taking advantage of this momentum, with its price rising 5.8% within 24 hours, reaching a daily high of $5.10. This upward trend successfully rebounded from the downward trend that began from the $6.29 high on August 24.

Volume: With the continued accumulation of buyers, Pendle's 24-hour trading volume surged over 35% on September 11, reaching $110 million.

Demand Zone: Currently, the price of Pendle is hovering between $4.73 and $5.12, which provides an opportunity for bulls to establish a strong demand zone.

Total Value Locked hits an all-time high, fundamentals are strong

As price fluctuations continue, Pendle's appeal in the DeFi ecosystem is steadily rising.

TVL reaches new heights: Pendle's Total Value Locked (TVL) has set a new high of over $12.1 billion.

Amazing rise: This figure highlights the strong growth momentum of the platform. On July 1, 2025, Pendle's Total Value Locked was approximately $4.81 billion. This means that in just two months, its Total Value Locked nearly doubled.

Macroeconomic and fundamental resonance, Pendle is poised for takeoff

Pendle's strong performance is attributed to the combined effect of macroeconomic factors and its own fundamentals:

Macroeconomic background: Macroeconomic factors such as tariff and interest rate expectations provide a context for the price fluctuations of risk assets, including PENDLE.

Crypto Catalysts: Meanwhile, fundamental factors such as institutional demand, stablecoin adoption, and progress in crypto regulation are key to the resilience of the altcoin market.

Market Interest: The price surge accompanied by high volume indicates that market interest is rising. Data from Coinglass shows that the open interest for Pendle has jumped to $143 million.

Key Price Levels and Future Outlook

As buying momentum strengthens, bulls may set their sights on Pendle's all-time high of $7.50 reached in April 2024.

Resistance and Support: Price fluctuations may consolidate within the range of $4.73 to $5.12, further strengthening its position as a strong demand zone, building momentum for a sprint to new highs.

Conclusion

The dual breakthrough in price and Total Value Locked (TVL) for Pendle not only proves its unique value proposition as a yield trading platform but also reflects that the market is shifting its focus from simple macro fluctuations to quality projects with solid fundamental support. As the DeFi ecosystem matures, platforms like Pendle, which have a clear market positioning and strong on-chain metrics, are likely to continue attracting capital inflows, making their current momentum a strong indicator of future growth potential.