Yield trading goes multi-chain. Pendle expands its fixed-yield offering to Solana while launching the "Boros" funding rate platform.
What's Happening:
Expanded PT-sUSDe to Solana using Chainlink CCIP
"Boros" platform generates $730K annualized revenue
Polychain Capital exits position, driving short-term sell pressure
Price dips 10% to $1.81, testing major support
Why It Matters: The expansion to Solana unlocks a massive new market of yield traders. While VC exits hurt price temporarily, the fundamental revenue engine is growing stronger and more diversified.
Technical View: $PENDLE is taking a beating, down 10%. It is testing the $1.80 support. If this breaks, $1.50 is the next major zone. Revenue growth vs. price decline suggests a deepening value divergence.
🎯 Key Levels:
Support: $1.80 | Resistance: $2.10
24h Range: $1.78 - $2.00
💡 Yield is the universal language of finance
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Pendle #DeFi #YieldTrading #Solana #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
