Pendle Daily Trading Volume Reaches $159 Million, Ethereum Leads
Pendle's daily trading volume reaches $159 million
Pendle, a decentralized finance protocol, recorded $159 million in daily trading volume, according to The Defiant. Ethereum activity made up the largest share of that trading.
The Defiant reported that Ethereum accounted for $121.5 million of the volume. It also reported that the protocol's locked value rose only modestly during the same day.
How the day's trading broke down
- Total daily volume on Pendle was $159 million.
- Ethereum-based trading came to $121.5 million.
- The protocol's locked value increased only slightly over the day.
What is confirmed
The reported figures come from The Defiant: $159 million in total daily volume, $121.5 million of it on Ethereum, and a modest rise in the protocol's locked value during the day.
What is not yet clear
The source does not explain what caused the trading activity or the small change in locked value. It also does not give the exact size of the change in locked value or provide a breakdown by other blockchains.
Sources
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