Recent developments surrounding the altcoin Pendle have stirred up the cryptocurrency community. Reports indicate a notable decrease in Pendle’s Total Value Locked (TVL). According to data from DeFiLlama, Pendle’s TVL plummeted by 45%, dropping from $6.2 billion to $3.32 billion in just one week. This steep decline coincided with the maturity of several liquid restaking markets, such as Ether.Fi’s eETH and Renzo’s ezETH, which reached maturity on June 27. With the maturity of these markets, investors withdrew their principal investments, resulting in substantial capital outflows. For the latest in technology news, visit NEWSLINKER.
