Pendle Experiences Substantial Total Value Locked Decline Amid Market Forces

Recent developments within the alternative cryptocurrency Pendle have stirred up conversations within the digital currency community. Reports indicate a notable decrease in Pendle’s Total Value Locked (TVL). Data from DeFiLlama shows Pendle’s TVL plummeted by 45%, dwindling from $6.2 billion to $3.32 billion in just one week. This sudden drop aligned with the maturation of various liquid restaking markets like Ether.Fi’s eETH and Renzo’s ezETH, both reaching maturity on June 27. Withdrawals from these markets resulted in users pulling out their primary investments, prompting substantial capital outflows. Stay updated on the latest tech news by visiting NEWSLINKER.