The cryptocurrency community is buzzing with the latest updates on the altcoin Pendle. Recent reports indicate a dramatic drop in Pendle’s Total Value Locked (TVL). Data from DeFiLlama shows that Pendle’s TVL plummeted by 45%, decreasing from $6.2 billion to $3.32 billion in just one week. This steep decline occurred alongside the maturation of several liquid restaking markets, including Ether.Fi’s eETH and Renzo’s ezETH, which reached maturity on June 27. As these markets matured, users withdrew their primary investments, resulting in substantial capital outflows. For the latest technology news, visit NEWSLINKER.
