Pendle Circulating Supply Hits Record Low as Buybacks Outpace Minting 5-to-1
AI مارکیٹ کا خلاصہ
Pendle reports PENDLE circulating supply at an all-time low as protocol fee revenue used for buybacks exceeds token minting by 5x, implying net deflationary token flows. Additionally, ~92% of sPENDLE holding addresses have never unstaked, signaling sticky staking participation and reduced liquid float. Near-term, this can tighten market liquidity and increase sensitivity to incremental demand around Pendle ecosystem activity.
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متاثرہ اثاثے
PENDLE/USDT-1.11%
AI تجزیاتی سمجھ · PENDLE/USDTAI تجزیاتی سمجھ
▲ Bullish
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
According to a report by Foresight News on Aug. 4 (UTC+8), the decentralized finance protocol Pendle announced via social media that the circulating supply of its native token, PENDLE, has reached an all-time low. This supply contraction is primarily attributed to the protocol's aggressive buyback mechanism, where fee revenue used to repurchase PENDLE is currently outpacing the token's minting rate by a ratio of five-to-one. Furthermore, Pendle highlighted strong long-term conviction among its user base, noting that approximately 92% of addresses holding sPENDLE have never unstaked their positions. This combination of deflationary pressure from buybacks and high staking loyalty significantly reduces the available market float, signaling a robust tokenomic structure for the protocol as it continues to scale its yield-trading operations.
