Pendle (PENDLE) is an innovative protocol in the decentralized finance (DeFi) space, built on the concept of tokenizing future returns. Through Pendle, investors can trade the future return of an asset as a separate token, giving them more flexibility over the return. The protocol works cross-chain compatible on various blockchains such as Ethereum, Arbitrum, BNB Chain and Optimism, allowing users to manage the return on their assets across different networks.
PENDLE, which has risen 11.76% in the last 24 hours and at the time of writing, is among the day's risers. Arthur Hayes suggested that Pendle (PENDLE), one of his favorite altcoin projects, could experience a big rise with Bitcoin's strengthening in the DeFi ecosystem. Hayes stated that Pendle could increase 28 times to $100 and significantly increase its current price of $3.55 if it benefits from the Bitcoin wind. PENDLE price may have risen following this development.
