Pendle hits $158M daily volume, boosting PENDLE token by 15% amid rising DeFi yield demand.

Pendle recorded a $158 million trading volume on October 20, the highest since last November, driven mainly by Ethereum and other tokens. This surge reflects renewed investor interest in DeFi yield platforms despite rising U.S. Treasury yields. Pendle rewards 80% of its revenue to stakers, encouraging more token locking and potentially increasing demand. The recent volume spike helped PENDLE's price rise 15% to $2.2, with potential to reach $2.8 if positive sentiment continues, but failure to hold $2.2 could lead to a decline.

As of Oct 21, 2026 22:22 WIB, PENDLE trades at Rp39,544 on Pluang, showing a 1-day gain of 2.26%. The token's market cap stands at Rp6.81 trillion with a 24-hour trading volume of Rp648.35 million. Despite the article's note of a 15% price jump to $2.2, on Pluang the price increase is more modest, supported by strong buying interest at 87% of order activity.