Defi Protocol Pendle’s TVL Drops Sharply Over 40%

Pendle’s TVL has dropped sharply over the past week from $6.2 billion to $3.7 billion, sliding more than 40% in one week. The broader market as well is experiencing a downturn as cryptocurrencies struggle with sell-off pressure. The decline in Pendle TVL also comes amid the maturation of multiple liquid staking markets within the DeFi … source: https://coinpedia.org/crypto-live-news/defi-protocol-pendles-tvl-drops-sharply-over-40/