Pendle’s total value locked (TVL) has risen to a record of $ 8.27 billion, while the indigenous token pendle last week 45% climbed to $ 5.6 at the back of the new revenue platform of the protocol.
With Bitcoin financing figures of an average of about 10% oriented this week and around $ 80 billion in open interest, according to Dune Data, more than $ 8 billion changes hands between lungs and shorts every year.
Boros packs those proceeds in tradable assets on the chain called Yield Units (yus), so that traders can go for a long time or shortage with the rates themselves.
Boros can be used for numerous advance strategies, including hedge floating financing payments in fixed rates, or locked high yields during volatile periods.
In the first two days, Boros drew deposits of more than 283 Weth (approximately $ 1.1 million) and 6.4 WBTC (around $ 750,000) in its safes, according to data.
In addition to the launch, activity on the Pendle arbitrum has been enriched, with active addresses reaching 1,428, well above the monthly average, and both buyers and sellers multiply on decentralized exchanges according to data from Thetie.
Although Boros is currently supporting BTC and ETH financing figures, there are plans to extend to other floating yields, such as placing rewards and Tokenized Treasury Bills.
The performance and total value of Pendle also came on the back of the hyperliquis ecosystem. The company that was integrated with hyperliquid at the end of last month. Since then, the KHype from Kinetiq, the largest liquid adaptation on the HyperevM of Hyperliquid, has attracted $ 221 million to the total value.
Pendle -Token, the past week, the wider cryptocurrency market has performed considerably better, as measured by the Coindesk 20 (CD20) index, which rose in the period 13.15%.
