Pendle (PENDLE) thrives on HyperEVM, reaching $92M TVL within just 5 days

Pendle went live on HyperEVM on July 30, marking a notable step in expanding its fixed yield system.

Meanwhile, the tokenization protocol has witnessed a remarkable debut.

Pendle has confirmed recording $92 million in TVL (total value locked) and over $87 million in trading volume within five days.

The impressive performance has propelled it into the top eleven decentralized finance (DeFi) platforms on DeFiLlama.

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Pendle on HyperEVM in just 5 days:

• $92M TVL

• $87M Trading Volume

• $32M PT TVL, including integrations on @hyperlendx and @felixprotocol

Good for Top 11 on @DefiLlama, with plenty more markets on the way later in the week 🫡

6:09 AM · Aug 5, 2025

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The performance has attracted attention as it demonstrates the ongoing shift, where efficient, yield-bearing protocols gain traction.

Ethena’s USDe stablecoin saw massive surges in July to surpass $9 billion in circulating supply.

Pendle’s momentum on the Ethereum-compatible chain reflects the current demand for yield-bearing opportunities on cost-friendly platforms.

Trading volume surpasses $87 million

TVL often indicates long-term investor trust in a project, thus pouring funds.

On the other hand, trading volume shows user engagement.

Pendle is performing well in that front too, facilitating trading volume worth over $87 million in less than a week of launching on HyperEVM.

That indicates robust user activity, fueled by Pendle’s yield-tokenization mechanisms.

HyperEVM’s cheap and fast transaction approach amplified the momentum.

The duo has likely made it easier for users to trade and execute yield strategies, enhancing market participation and trading volume.

Strategic collaborations power growth

Moreover, integration with new and advanced DeFi protocols catalyzed Pendle’s rise.

Notably, collaborations with Felix Protocol and HyperLend have attracted capital and users.

These partnerships drove $32 million in Principal Token TVL.

These integrations bolster liquidity while ensuring smooth access to fixed yield products and a streamlined experience within the HyperEVM ecosystem.

Such moves underscore Pendle’s dedication to democratizing HyperEVM’s DeFi space.

PENDLE price outlook

The native token hovers at $3.90 after losing more than 2.70% of its value in the past day.

The fading trading volume signals a weak momentum, matching broad market sentiments.

Nevertheless, ecosystem developments position PENDLE for robust recoveries amid market rebounds.

Technical indicators support the potential upsurge for the alt.

The MACD and RSI on the weekly chart show bulls control the long-term trend.

Moreover, the 12H chart depicts a possible bullish reversal pattern after mid-term corrections.

Continued dips will see PENDLE plunging to the crucial barrier between $3.0 and $3.2.

The area has previously prevented extended declines several times, making it a significant demand region.

A retest and successful bounce back from $3.0 – $3.2 could trigger substantial gains towards the resistance at $6.60.

That would mean an approximately 69% jump from Pendle’s current market price.

However, losing the support zone will invalidate the bullish pattern and lead to substantial dips.

Overall, PENDLE trades at a crucial accumulation zone after its latest dip.

With current ecosystem growth, bulls will defend $3 to fuel potential breakouts in the upcoming weeks.

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