DeFi Grows Up 🔺Ethena provides a new stable foundation, Pendle adds sophisticated yield markets, and Avalanche delivers the speed, scale, and ecosystem for both to thrive. ...

traders still see pendle as that complex defi protocol.. say things like "too complicated to understand." BUT they're building the aws of yield. morpho holds 60% of their products as collateral. tradfi permissioned instances launching next quarter. ...

DeFi Platform Analysis - Pendle's TVL (Total Value Locked) is managing $12.3 billion, with a TVL multiple of 0.07x [1] - vePendle locks are yielding APYs (Annual Percentage Yields) ranging from 40% to 90% [1] Penpie Routing - Penpie routing is facilitating the high APYs observed in vePendle locks [1]

Market Trends - Basic yield farms are considered obsolete [1] - Pendle introduces advanced infrastructure [1] - Pudgy is now available on Robinhood Advanced Trading [1]

Core Insights - Bitcoin's recent price surge has led investors to seek higher returns in alternative cryptocurrencies, with some experiencing faster growth than Bitcoin [1][3] - XRP has seen a 530% increase since Trump's election, while Cardano's market cap is approximately $29 billion, having risen about 150% during the same period [1][4] - Bitcoin's market share has decreased from 65.9% to around 61%, while XRP's market share has increased by over 250% [4] Market Dynamics - Bitcoin's price has risen by 70% due to favorable government commitments aimed at legalizing the cryptocurrency industry [3] - The U.S. Congress recently passed a series of cryptocurrency bills, marking significant progress in the regulatory landscape [3][5] - Approximately 80% of cryptocurrency trading volume has shifted towards altcoins in the past 30 days, indicating a potential new cycle in the market [5] Institutional Involvement - Institutional capital entering the cryptocurrency market is fundamentally changing market dynamics, with a focus on fundamentals rather than speculative trading [6] - AMP became the first major Australian pension fund to hold cryptocurrency, purchasing $27 million worth of Bitcoin [6] - The presence of institutional buyers is expected to reduce Bitcoin's volatility, thereby increasing demand for altcoins [6] Altcoin Popularity - Cardano's popularity is attributed to its founder Charles Hoskinson, who has garnered a strong following among retail investors [7] - There are approximately 25,000 cryptocurrencies in the market, with 99.9% considered worthless, primarily for speculation [7] - Only about 10 to 15 cryptocurrencies are believed to hold real value, according to industry experts [7]

#Crypto一年过去了，市场里并没有新东西。可以说这一轮的牛市只有两个主角，几个配角。主角是 BTC 和 Ethena。配角是各种微策略、Pendle、AAVE/Morpho。---和比较厉害的同行朋友交流，大家有一些共识：1. 都买了点 BTC —— 因为 BTC 牛逼。2. 都没有买任何 $ENA $Pendle —— 因为我们在 Ethena 和 Pendle 赚到钱了，是我们自己牛逼，而不是平台牛逼。非常朴实😂𝘁𝗮𝗿𝗲𝘀𝗸𝘆 (@taresky):#CryptoEthena + Pendle，基本等于 2024 年的 DeFi 了。很多 DeFi 玩家今年的收益大头也来源于此。怀念 APR 100%+ 的低风险挖矿机会，都陆续获利完结了。希望九月份能给力一次。 ...

market thinks pendle tvl is just yield farmers aping inreality check:• integrated leverage protocols• funding rate hedging• yield term structures• proper risk management toolsthis isn't your uncle's yield farm. market gonna learn about real yield architecture soon ...

5/ In TradFi, interest rate swaps are a trillion-dollar market.@pendle_fi brings that onchain, letting users trade yield directly. It now has $5B+ in TVL. ...