Gate News Bot Message, January 22nd, according to CoinMarketCap data, as of press time, PENDLE (Pendle) is trading at $2.12, up 10.83% in the past 24 hours, with a high of $2.15 and a low of $1.85. The 24-hour trading volume reached $125 million. The current market cap is approximately $359 million, an increase of $35.1 million from yesterday.
Important recent news about PENDLE:
1️⃣ Major upgrade to the token economic model drives price rebound
Pendle officially launched the sPENDLE mechanism on January 20th, fully replacing vePENDLE. This significant change has become the core driver of recent price increases. The new mechanism introduces a liquidity staking design, reducing the exit period from the previous long-term lock-up to 14 days, and supports paying a 5% fee for instant redemption, significantly lowering the participation threshold for users. Meanwhile, the protocol income distribution mechanism has also been optimized, with up to 80% of protocol revenue used for PENDLE buybacks and distributed to active sPENDLE holders, creating a more direct value transfer mechanism. These reforms address long-standing issues of liquidity shortage and interoperability limitations with vePENDLE, enhancing the token’s composability within the DeFi ecosystem.
2️⃣ Inflation reduction expectations support valuation recovery
The new sPENDLE system upgrades the previous manual voting emission mechanism to an algorithmic issuance model,预计 reducing PENDLE emissions by 20-30%. This significantly improves the token’s long-term scarcity, providing fundamental support for valuation recovery. Coupled with the protocol generating over $37 million in revenue by 2025 and an ecosystem with nearly $3.5 billion in total value locked, the reduced inflation makes the long-term yield commitments of PENDLE more convincing.
3️⃣ Growing demand base driven by increased ecosystem activity
Within 24 hours of the release of the ICO and Stabledrop announcements, the APR on Pendle increased by approximately 30%, and the supply of cUSD increased by about $30 million. This indicates that Pendle’s ecosystem as a yield trading platform is becoming more attractive, with new projects driving up trading volume and demand. Additionally, Pendle’s derivatives market shows positive signals, with open interest rising nearly 10% to $45 million, indicating traders are building new positions rather than reducing them, reflecting improved market expectations for future trends.
From a technical perspective, PENDLE has formed support above $2, with Bollinger Bands continuously narrowing, indicating volatility compression, and RSI in the neutral zone. The market is focusing on the key resistance level of $2.30-$2.35; a successful breakout of this range could further push the price toward $2.60.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot Bitcoin ETF attracts $167 million in a single day, institutions rebalance holdings in XRP and Solana
On February 11, it was reported that the US spot Bitcoin ETF recorded net capital inflows for the third consecutive trading day, attracting approximately $167 million on Tuesday. The total inflow for this week has reached $311.6 million, nearly offsetting last week's outflow of $318 million. Previously, these products experienced three consecutive weeks of negative inflows, with total outflows exceeding $3 billion.
Although Bitcoin's price has fallen about 13% over the past seven days and briefly dropped below $68,000, capital movement indicates that there has been no large-scale withdrawal by institutions. Several analysts pointed out that recent selling pressure has significantly eased, and the ETF capital curve shows signs of stabilization, with market sentiment gradually recovering.
GateNewsBot21m ago
US Yield Hints at Rate Cut Possibility as Gold and Silver Surge, Will There be a Crypto Bull Run?
US yields have fallen, hinting at a potential rate cut in 2026, driving Gold and Silver prices up. This raises speculation about a crypto market bull run, as investors may allocate more to high-risk assets.
TheNewsCrypto24m ago
What to do after the crypto market crashes? Tom Lee provides a "new buying logic" for Bitcoin and Ethereum
Fundstrat Chief Investment Officer and Chairman of BitMine Immersion (BMNR) Tom Lee stated at the Hong Kong Consensus Hong Kong 2026 conference that investors should no longer obsess over precisely predicting market bottoms, but instead focus on identifying entry opportunities with risk-reward advantages during pullbacks. "What you should be thinking about is opportunity, not panic selling," he emphasized.
Recently, the crypto market has come under renewed pressure. Bitcoin has retraced about 50% since reaching its all-time high in October 2025, marking one of the most significant corrections since 2022. On Wednesday, Bitcoin fell below $67,000, down approximately 2.8% in the past 24 hours; Ethereum also weakened, dropping to around $1,950, with a single-day decline of about 3%.
GateNewsBot26m ago
QCP: A short-term bottom may be forming, and the market expects to maintain range-bound fluctuations.
QCP Capital analyzes Bitcoin and Ethereum rebounds, market sentiment is optimistic, and a bottom may be forming. Capital inflows are picking up, with BTC ETF recording a net inflow of .45 billion, and ETH ETF also turning into a net inflow. Macro factors have improved, but the Fear and Greed Index remains in the extreme fear zone, indicating that market sentiment is fragile.
GateNewsBot39m ago
A review before 2026: It's not that there are no stories, but that the main characters have changed.
The main characteristics of the 2026 crypto market are dislocation, with BTC transforming into a high-β risk asset, stablecoins gradually becoming financial infrastructure, and exchanges shifting towards de-commodification. Increased market correlation means macro factors influence all assets, requiring a re-evaluation of investment strategies. Future opportunities lie in adapting to the new market structure rather than solely pursuing price volatility.
PANews39m ago
Shiba Inu Loses 82 Trillion SHIB Threshold As Over 700B SHIB Leave Exchanges in Weeks
Shiba Inu remains under intense bearish pressure, but fresh on-chain data shows exchange reserves have shrunk massively from 82 trillion last month.
The rapid decline in Shiba Inu’s exchange reserve has sparked debate over how the shift could influence SHIB’s price action.
Key Points
Shiba Inu
TheCryptoBasic41m ago
