This article analyzes the performance of PENDLE in terms of institutional capital inflow and the growth of network activity, pointing out that in the context of stricter regulation of decentralized finance (DeFi) by the U.S. Securities and Exchange Commission (SEC), PENDLE has attracted more attention from institutional and whale investors. The article mentions that over 2.18 million PENDLE tokens (worth $8.31 million) were withdrawn from Binance exchange within six days, indicating a rise in institutional interest. The increase in the number of network addresses and activity levels suggests a boost in user engagement, particularly among small participants. Large transaction volumes surged by 300%, and medium transaction volumes also saw significant growth, reflecting increased market confidence in PENDLE. Although the NVT ratio once soared, showing a disconnection between valuation and network activity, it subsequently fell back, suggesting that valuation may tend toward rationality. Technically, PENDLE's price has seen a short-term correction, but the overall structure still looks promising for a recovery in the upward trend. The article concludes that with the improvement of the regulatory environment and the increase of institutional investment, PENDLE is expected to become an important representative of compliant yield protocols, with a positive long-term outlook.

#SEC