Pendle's value has skyrocketed, catching the eye of investors. In the last month alone, Pendle's price has shot up by an impressive 130%, making investors take notice. This surge suggests that investors are feeling more confident about Pendle's future and what it offers, drawing significant interest from the market.

The recent spike in Pendle's price has captivated investors, with the cryptocurrency gaining 130% in value over the past 30 days. The main reason behind this surge is the remarkable growth in Pendle's total value locked (TVL) within its protocol. Data from DeFiLlama indicates that Pendle's TVL has surged from $230 million at the beginning of 2024 to over $4 billion now, indicating a substantial increase in user engagement and adoption of its yield tokenization services.

The rise in Pendle's TVL not only indicates a growing user base but also suggests increased usage of its ecosystem and the potential improvement of liquidity and usefulness within the Pendle network. With rising confidence in Pendle's offerings, investors are showing more interest in its ability to offer attractive returns in the decentralized finance (DeFi) sector.

Current data shows that Pendle has increased by 23.39% in the last 24 hours, trading at $7.20. However, despite this increase, trading volume for the altcoin has decreased by 20.38% in the same period.

Notable figures in the cryptocurrency world, such as BitMEX co-founder Arthur Hayes, have also taken note of Pendle's impressive price surge. Hayes recently commended Pendle's rise, humorously questioning whether the altcoin was aware of the concept of gravity. Known for his generally optimistic view on cryptocurrencies, Hayes has shown confidence in Pendle's potential by reallocating his assets to capitalize on its significant gains.

Data from Etherscan shows that Hayes' wallet address currently holds over $10 million worth of 1.4 million PENDLE tokens, highlighting his belief in the altcoin's potential growth.

In conclusion, Pendle's remarkable price surge has garnered significant attention from investors, driven by its growing TVL and confidence in its offerings. With influential figures like Arthur Hayes showing interest, Pendle's future looks promising in the world of decentralized finance.