Pendle Surges 19% as TVL Tops $7B After Binance Seed Tag Removal and Major Integrations

Pendle (PENDLEUSDT) has experienced a notable price increase of 19.38% in the last 24 hours, currently trading at $5.334 on Binance. The surge is primarily attributed to several key developments: the removal of the seed tag by Binance, a significant transfer of 900,000 PENDLE to Binance from a large holding wallet, the launch of Pendle's Boros funding rate trading platform on Arbitrum, and new integrations with Ethena USDe, Aave, and HyperEVM pools. These factors have contributed to a sharp rise in Pendle's total value locked (TVL), which now exceeds $7 billion, and have driven strong bullish sentiment supported by technical indicators such as MACD and RSI. Trading volume remains high, with reported figures ranging from $42.63 million to $436.76 million, and the circulating supply is approximately 167.13 million PENDLE. The asset's recent momentum follows a period of market recovery and increased ecosystem activity, positioning Pendle as a top performer in the current market environment.