Pendle 有望跻身加密货币俱乐部 100 强

Pendle 是一个支持未来收益率代币化和交易的协议，其价格已飙升至 4.17 美元的历史新高，使其成为 Arbitrum 上仅次于 GMX 的第二大 TVL。随着链上活动和收入费用达到历史新高，Pendle 在 2024 年赢得了极大的兴趣，有可能进入市值前 100 名的加密货币，目前排名第 105。

Can Pendle Enter the Top 100 Cryptocurrencies?

Pendle能否进入加密货币前100名？

Pendle's impressive surge has propelled it to a record high of $4.17, making it the second-largest protocol in Arbitrum by TVL, behind GMX. With its current ranking at #105, can Pendle break into the elite top 100 cryptocurrencies?

Pendle 令人印象深刻的飙升已将其推升至 4.17 美元的历史新高，使其成为 TVL 的 Arbitrum 第二大协议，仅次于 GMX。 Pendle 目前排名第 105，能否跻身加密货币 100 强之列？

What is Pendle and How Does It Work?

Pendle 是什么以及它如何工作？

Pendle is a trailblazing protocol that enables the tokenization and trading of future yield. Its innovative time-decaying Automated Market Maker (AMM) optimizes returns and safeguards users from potential losses due to mispriced assets.

Pendle 是一个开创性的协议，可以实现未来收益的代币化和交易。其创新的时间衰减自动做市商（AMM）可优化回报并保护用户免受因资产定价错误而造成的潜在损失。

Pendle's mechanism ingeniously separates principal and yield into distinct tokens, providing users with enhanced control over their yield management. It aims to offer exposure to future yield while mitigating the risks and volatility associated with yield farming.

Pendle 的机制巧妙地将本金和收益分离为不同的代币，为用户提供了对其收益管理的增强控制。它的目的是提供未来收益的敞口，同时减轻与流动性挖矿相关的风险和波动性。

Pendle's Role in the Protocol

Pendle 在协议中的角色

Beyond holding Principal Tokens (PT) and Yield Tokens (YT), users can earn passive returns by participating in Pendle's liquidity pools. To do so, they must lock PENDLE tokens and receive vePENDLE in exchange.

除了持有Principal Tokens（PT）和Yield Tokens（YT）之外，用户还可以通过参与Pendle的流动性池来获得被动回报。为此，他们必须锁定 PENDLE 代币并接收 vePENDLE 作为交换。

VeTokens are a novel digital asset that empowers token holders with voting rights in decentralized governance systems. They introduce a time-based component to voting, incentivizing long-term commitment and enhancing the decision-making process.

VeTokens 是一种新颖的数字资产，赋予代币持有者在去中心化治理系统中的投票权。他们在投票中引入了基于时间的组成部分，激励长期承诺并增强决策过程。

On-Chain Activity Hits New Heights

链上活动再创新高

Pendle's on-chain activity has witnessed a meteoric rise since the beginning of 2024. Total Value Locked (TVL) has soared to $2.90 billion, with $2.28 billion in Ethereum and $602 million in Arbitrum. Protocol revenue has also reached an all-time high of over $620,000, surpassing February's revenue of $350,000.

自 2024 年初以来，Pendle 的链上活动迅速增长。锁定总价值（TVL）已飙升至 29 亿美元，其中以太坊为 22.8 亿美元，Arbitrum 为 6.02 亿美元。协议收入也达到了超过 620,000 美元的历史新高，超过了 2 月份的 350,000 美元的收入。

PENDLE Price Prediction: Top 100 in Sight?

PENDLE 价格预测：前 100 名在望？

Technical analysis suggests that PENDLE has completed a five-wave upward movement, signaling a potential correction. However, the price has since rebounded, driven by strong momentum.

技术分析表明，PENDLE 已完成五浪上涨走势，预示着潜在的修正。然而，在强劲势头的推动下，价格此后出现反弹。

The closest resistance level lies at $4.58, followed by $6.03. With a current market capitalization of $967 million, PENDLE is ranked #105. To enter the top 100, it would need to reach a price of $4.28, given its circulating supply of 238 million.

最近的阻力位为 4.58 美元，其次是 6.03 美元。 PENDLE 目前市值为 9.67 亿美元，排名第 105 位。鉴于其流通量为 2.38 亿，要进入前 100 名，其价格需要达到 4.28 美元。

Increased Interest Leads to PENDLE's Success

兴趣的增加导致 PENDLE 的成功

Pendle's surge in 2024 is attributed to its innovative features, such as yield tokenization and risk mitigation. This has attracted significant interest, leading to record-breaking TVL, revenue, and a new all-time high price.

Pendle 在 2024 年的飙升归因于其创新功能，例如收益代币化和风险缓解。这引起了人们的极大兴趣，导致 TVL、收入和价格创下历史新高。

As the demand for yield-generating assets continues to grow, Pendle is well-positioned to capture a significant market share and potentially enter the top 100 cryptocurrencies ranked by market capitalization.

随着对产生收益的资产的需求持续增长，Pendle 处于有利地位，可以占据重要的市场份额，并有可能进入按市值排名的前 100 名加密货币。