Pendle is dominating the news today as the biggest gainer in the crypto market. PENDLE price jumped over 11%, now trading around $4.30, with trading volume also climbing more than 40% in the last 24 hours.
This sudden spike in activity seems to follow two big developments: the launch of Pendle’s new platform, Boros, and renewed interest from institutional investors.
On top of that, top analyst Riddler chart shows the price just bounced off a key support level, hinting that traders are stepping back in right when it matters most.
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What you'll learn 👉
Boros Launch Boosts PENDLE Token Utility
On August 6, Pendle introduced Boros, a decentralized platform that allows users to trade tokenized crypto perpetual funding rates through “Yield Units” (YUs).
Initially supporting ETH and BTC markets, Boros opens the door to fixed-rate speculation and funding rate hedging for DeFi users.
Boros adds direct utility to the PENDLE token through its fee-sharing model. According to the protocol, 80% of platform fees will be directed to vePENDLE holders.
This mechanism encourages token locking and may reduce circulating supply over time. The initial open interest on Boros is capped at $10 million per market. Broader adoption across platforms like Binance and Hyperliquid is likely to shape the product’s future impact.
First on Arbitrum, @boros_fi by Pendle brings funding rates onchain
— Arbitrum (@arbitrum) August 6, 2025
This new DeFi yield primitive lets users trade funding rates and soon bonds, equities, and RWA rates, marking a major step in merging DeFi and TradFi into Finance
Boros Everywhere. Arbitrum Everywhere https://t.co/mOZwoloCmv
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Pendle On-Chain Accumulation Signals Long-Term Interest
Wallet data shows that a wallet linked to Arca purchased $8.3 million worth of PENDLE in June 2025. This accumulation took place during a period of high volatility, indicating continued belief in the token’s use case in DeFi yield markets.
With large holders now controlling 87% of the total supply, PENDLE price movements may see higher volatility as trading activity grows.
The token’s correlation coefficient with Bitcoin stands at 0.71. This suggests that while broader market sentiment plays a role, token-specific developments like Boros also influence price.
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PENDLE Technical Structure Supports Ongoing Uptrend
Chart analysis of the PENDLE daily chart shows the token trading within a rising parallel channel since March. Pendle price recently rebounded from the lower boundary around $3.70, reinforcing the trend’s support level. The next key level lies around $5.50, which marks the upper limit of the structure.
Volume remains moderate, indicating stable participation without signs of over-exuberance. A breakout above the midline resistance could push the price higher if momentum continues.
Additionally, Riddler provided two potential scenarios. One involves a breakdown below $3.70, triggering over-leveraged position flushes. The other outlines a continuation toward $7 in the event of broader altcoin market strength.
As market participants weigh both paths, focus now shifts to Boros adoption metrics and whether Pendle price can maintain its position above structural support.
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