Binance lists $PENDLE, sparking massive growth of the protocol's utility token
listing has undoubtedly played a significant role in Pendle's rally, it is not the sole factor behind the token's remarkable performance.
The journey of PENDLE's growth this year has been impressive. From a meager $0.046 at the start of the year, the token has shot up to $0.76, marking an astonishing 1,552% increase in value. A surge of this magnitude cannot simply be attributed to a recent listing. A deep dive into the on-chain data reveals some interesting insights into the dynamics behind Pendle's remarkable performance.
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