Was a bit shocked to see the Pendle TVL drop 50% from $13b to $6.5b, and immeidately went to Tradingview to see if there was a "1001 days Turkey" episode. But no, it's due to the Plasma launch, and the unwinding of ENA/AAVE/Pendle loop.
Pendle will introduce Plasma on their platform this week. Expecting TVL to do a comeback.
At the moment I only hold $ENA out of these coins, been thinking about picking up Pendle too, but since 70% of their TVL is Ethena related, I am not sure. Maybe someone can bull-pill me.
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