#TreehouseFi Treehouse crypto price forms bullish pattern after hitting $500m milestone

Treehouse crypto staged a strong comeback on Friday after its ecosystem hit a crucial $500 million milestone for the first time.

Treehouse crypto price surged and then plunged after its TVL jumped to $500 million.

The token plunged as the weighted funding rate turned red.

It has formed a cup-and-handle pattern, pointing to an eventual rebound.

Treehouse (TREE) surged to $0.6068, up 30% from its lowest point this week. It then pared back some of those gains and fell to $0.5317. Its 24-hour volume soared by 53% to $185 million, surpassing its $85 million market cap.

Treehouse total value locked hits $500m

The initial TREE price surge followed continued inflows into the network.

According to DeFi Llama, the total value locked in the Treehouse Protocol crossed the $500 million milestone for the first time. TVL has been in a strong uptrend since bottoming at $175 million in April. It then pulled back slightly to $487 million as the token’s price retraced.

Treehouse is a platform that enables users to earn a fixed income by leveraging the Decentralized Offered Rate, or DOR, which aims to replicate traditional rate-setting mechanisms in the crypto space.

DOR uses a network of panelists who submit forward rate expectations by staking TREE tokens. These rates support hedging, derivatives pricing, and portfolio benchmarking.