The price performance of $PENDLE has been lagging, and there are three reasons supporting the surge of Pendle:
1. The ETH exchange rate has hit bottom, creating a demand for recovery;
2. ETH is performing strongly, with good funding rates ➡️ $ENA is performing well, attracting funds to USDe-related assets ➡️ Pendle's TVL and trading volume are rising;
3. Currently, while Boros is not yet perfect, the foundation has been laid, and the team will continue to deliver, with a high ceiling, waiting for the right timing and conditions.
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