Breakout of PENDLE by 116% following HyperEVM launch - potential exceptions...
In the dynamic world of decentralised finance (DeFi), Pendle Finance has been making waves with its recent integrations and impressive on-chain metrics. Despite the broader crypto market's cautious mood, Pendle's performance has been noteworthy.
Pendle's annual fees amounted to approximately $53 million, while its liquidity stood at $25 million. The annual fees suggest a healthy and active ecosystem, while the liquidity indicates a solid foundation for growth.
Recently, Pendle's price has experienced significant gains, trading around $5.21 to $5.77 in August 2025, reflecting a rise of over 27% in a 24-hour period. This outperformance is particularly notable when compared to Bitcoin and Ethereum during the same timeframe.
Technical strength is a key factor supporting this bullish outlook. PENDLE is trading well above its 50-day and 200-day simple moving averages, indicating a strong uptrend. The token has also broken several resistance levels recently.
The integration of HyperEVM has enhanced Pendle’s interoperability and usability in DeFi, attracting more users for yield-generating strategies. This is reflected in record staking volumes and increasing Total Value Locked (TVL), which typically indicate growing ecosystem confidence.
However, the broader crypto market's "extreme fear" sentiment, as indicated by the Fear & Greed Index, could potentially temper Pendle's price direction. Some technical analyses suggest a mixed to neutral-bearish sentiment overlay in the short term, with modest price volatility and projections of minor near-term price corrections.
Large holders, or "whales," could play a significant role in short-term price direction. Whales can cause increased volatility through large buy or sell orders, potentially amplifying price swings in the short term. The flagged wallet, holding $135.4 million worth of tokens, suggests potential for further selling. About 900K tokens valued at $4.65 million were moved to Binance from the flagged wallet.
Despite these potential stumbling blocks, if demand from staking and new integrations sustains, Pendle's 116% target remains on the table in the short term. Notable integrations include Ethena [ENA] on HyperEVM and Pendle's launch of $100 million capped pools for sUSDe with 30x Sats.
The DEX volume for Pendle in the last month was at $5.15 billion, while Total Value Locked reached $8 billion, with $7.41 billion on Ethereum. The yield-based protocol Pendle has also launched Boros on Arbitrum [ARB].
In summary, Pendle’s integration with HyperEVM and positive on-chain metrics like record staking and rising TVL provide a strong foundation for bullish momentum. However, the broader crypto market's cautious mood and potential volatility from whale trading activity mean the near-term price direction could be volatile. Price forecasts vary, with potential for significant gains in the short term, but also the possibility of minor near-term price corrections.
- Pendle Finance's annual fees, amounting to around $53 million, signify a thriving and active ecosystem within the crypto market.
- The integration of HyperEVM has not only improved Pendle's interoperability and usability in DeFi, but also attracted more users for yield-generating strategies, resulting in record staking volumes and increasing Total Value Locked (TVL).
- Technical strength is a pillar supporting the bullish outlook for Pendle, with the token trading above its 50-day and 200-day moving averages, and breaking several resistance levels.
- The launch of capped pools for sUSDe on Pendle, with 30x Sats, is one of the notable integrations recently.
- Larger holders, or whales, possess the potential to amplify price swings in the short term due to their capacity to execute large buy or sell orders.
- Despite the potential impact from whale trading activity and the broader crypto market's "extreme fear" sentiment, Pendle's 116% target remains achievable in the short term, provided demand from staking and new integrations remains steady.
