The PENDLE token has been on a remarkable upward trajectory in recent weeks, gaining over 53% in the past month and surging 21.6% in the last 24 hours alone.

Market momentum has intensified following the announcement of a strategic partnership between Pendle Finance and Ethena, integrating the rapidly growing USDe stable asset into Pendle’s yield-generating ecosystem on HyperEVM.

These pools are launching initially with limited capacity:

• $100M cap for sUSDe (Sep ‘25)

So be sure to get in early! pic.twitter.com/vYJzqDSRYQ

— Pendle (@pendle_fi) August 7, 2025

This collaboration, combined with strong technical signals, could set the stage for the token to retest its all-time high of $7.50 and potentially break into double-digit territory.

Ethena integration fuels a powerful looping strategy

The heart of the bullish sentiment lies in the innovative “looping” strategy enabled by the partnership.

Pendle’s unique model splits assets into Principal Tokens (PT) and Yield Tokens (YT).

With USDe now integrated, users can buy PT with USDe to lock in fixed yields, then borrow USDC against these PTs on Aave. The borrowed USDC can be used to acquire more USDe, allowing the process to repeat.

This cycle has proven lucrative as PT yields currently average 8.8% above Aave’s borrowing costs, which range between 4% and 6%. Aave earns 10% of the borrowing fees, while Pendle charges a 5% fee on PTs.

Importantly, $4.3B (60% of total USDe) has been locked in Pendle and $3B deposited in Aave, underscoring the depth of this integration.

1/ Ethena’s USDe supply is up $3.7B in just 20 days, driven primarily by the Pendle-Aave PT-USDe looping strategy.

With $4.3B (60% of total USDe) now locked in Pendle and $3B deposited in Aave, here’s a breakdown of the PT loop mechanics, growth vectors, and potential risks:

— shaunda devens (@shaundadevens) August 6, 2025

In addition, Pendle’s TVL is heavily concentrated in Ethena’s USDe market, accounting for approximately 60% of the entire protocol’s TVL.

To reduce liquidation risks, the Aave DAO has pegged USDe to USDT’s value, adding a layer of stability to the strategy.

However, profitability depends on PT yields staying above borrowing costs. If yields fall, the strategy’s appeal could weaken.

The potential for further expansion will also hinge on whether Aave increases its collateral caps, which would allow for greater participation in the loop.

Whale moves $4.65M worth of PENDLE tokens

Adding to the bullish environment, on-chain data revealed that a multisignature wallet linked to Pendle deposited 900,000 PENDLE — worth roughly $4.65 million — into Binance.

While the Pendle team has not disclosed the reason, market observers suggest the move could be aimed at enhancing liquidity, supporting market-making, or preparing for strategic expansion.

Within 24 hours of the transfer, PENDLE’s price jumped 27.2%, reflecting investor optimism.

Such movements highlight the importance of tracking blockchain activity, as large transfers often precede major announcements or market shifts. However, they can also increase short-term volatility.

PENDLE token price analysis points to higher targets

From a technical perspective, the PENDLE token has reclaimed the mid-range of its long-term trading structure, broken above a key resistance trendline, and retested it as support.

Indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) remain positive, signalling that bullish momentum is intact.

Going by market analysis from popular analysts, $5.23 is a critical support level that PENDLE must hold. Additionally, a move above $5.53 could open the path toward $5.77, with $6.30 as the next resistance.

Furthermore, the wave count pattern points to a powerful third sub-wave in progress, with an initial target at $7.80, which is 1.61 times the length of the first wave.

Notably, a breakout above the 2025 high would likely accelerate the climb toward new all-time highs and possibly double-digit prices.

With strong fundamentals from the Ethena partnership, a surging TVL, favourable technical patterns, and heightened market interest, PENDLE token appears well-positioned for further growth.

The post PENDLE token price soars 53%, ATH at $7.5 in view after Ethena (USDe) partnership appeared first on CoinJournal.

PENDLE token price soars 53%, ATH at $7.5 in view after Ethena (USDe) partnership

Source: https://coinjournal.net/news/pendle-token-price-soars-53-ath-at-7-5-in-view-after-ethena-usde-partnership/

Tokenization platform Pendle has attained a new all-time high in total value locked today, hitting $7.021 billion.

It has topped June 2024’s historical peak of $7.013 billion.

The timing could not be better.

The TVL milestone comes as Pendle awaits vital developments in the coming weeks and months, including hyperEVL expansion, Boros release, and Converge launch.

Meanwhile, the total value locked surge signals more capital as users trust Pendle’s yield-trading mechanism, especially following the latest stablecoin regulation.

Digital tokens backed by real-world assets have seen increased appetite since the US signed the GENIUS Act.

This article evaluates what to expect as the protocol braces for key catalysts.

HyperEVM expansion sparks bullish momentum

Pendle has remained on the crypto community’s radar as it prepares to launch HyperEVM.

Speculations suggest that this fastest-growing and most active EVM-compatible chain might go live as soon as this week.

HyperEVM will enhance the protocol’s cross-chain interoperability and access to new audiences.

The upcoming product is more than a Layer 1 or Layer 2.

HyperEVM is ushering in the next generation of DeFi apps.

Pendle’s early integration would enhance its appeal for collaborations, user activity, and new markets for magnified liquidity.

The team launched Hyperwaverfi on July 23 to prepare for the HyperEVM launch.

As if we needed more proof that HyperEVM is the best place to build…but here it is:

Pendle launched their hwHLP @Hyperwavefi Market just two days ago and it already has $7,93 Million in TVL

Doing $1,5 Million in 24h Volume
In just two Days HyperEVM already has more TVL on… pic.twitter.com/fUDpETpHLD

— Tobias Reisner (@reisnertobias) July 26, 2025

Boros to unlock new utility

Another catalyst positioning PENDLE for continued growth is the Boros product.

While details remain scarce, Boros aims to significantly improve the ecosystem’s TAM (Total Addressable Market) and introduce new utility for yield-bearing assets.

Some suggest that it will allow traders to trade funding rates without interacting with perps and lock in fixed rates.

The product is scheduled for an August release and would cement Pendle’s value proposition as it attracts more capital and users.

$Pendle HyperEVM this week, Boros in August

ATH TVL $7 Bil

Number 1 in all of crypto for last 30 days fees growth (438% increase)

Holders (vePendle) revenue mooning

Bread to the $ENA butter

Direct beneficiary of Ethereum stablecoin narrative & the now passed Genius act. pic.twitter.com/OPKZ4mbREa

— Big Ninjah (@BigNinjah) July 28, 2025

Converge alliance adds momentum

Pendle is among the top partners of the upcoming Converge platform, signaling a deeper connection with modular DeFi protocols.

The tokenization platform will help unlock yield-trading on multiple dollarized assets.

The collaboration reflects Pendle’s commitment to on-chain finance.

It will likely boost the blockchain’s usage and visibility, translating to more benefits for PENDLE holders.

According to Converge:

Tokenized assets need predictable, liquid, and composable yield rails. By building on Converge, Pendle brings fixed-rate products, yield hedging, and liquidity strategies to tokenized securities and institutional-grade dollar instruments.

The upcoming launches, stablecoin growth, and protocol expansion will likely trigger more growth for Pendle in the coming times.

PENDLE price outlook

The altcoin trades at $4.72 after an impressive performance over the past 24 hours.

Overcoming the crucial resistance between $4.80 and $4.90 could support substantial gains towards $9.

PENDLE trades above the 50- and 100 Exponential Moving Averages on the 1D chart, signaling an upside momentum.

Positive broad market sentiments amid the upcoming Pendle catalysts position the altcoin for significant growth in the coming weeks and months.

The post Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next? appeared first on CoinJournal.

Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next?

Source: https://coinjournal.net/news/pendle-tvl-surpasses-7b-ath-as-new-catalysts-emerge-whats-next/