Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

In the past week, cryptocurrencies have surged as optimism grows that the US-China trade war may be easing. Following two days of talks, the US announced a 90-day tariff reduction on Chinese goods from 145% to 30%. ETH has been the biggest winner among the top 10 tokens, rising 40% in a week, though this has led to significant changes in implied volatility. BTC regained $100K for the first time since early February, with positive bias in OTM call skews, but its volatility market remains weak compared to ETH.

Please check out the report’s highlights.

Open interest for ETH surged by $900M over the past week, coinciding with a 40% rise in its spot price. This increase followed US-China trade negotiations, leading to a temporary 30% tariff reduction on Chinese goods. On May 12, 2025, after US Secretary of the Treasury Scott Bessent confirmed the agreement, open interest and perpetual trading volumes hit monthly highs of $9B and $23B, respectively. While open interest has stabilized, trading volumes declined after peaking during a brief pause in the crypto rally between May 11 and 12, 2025.

BTC volatility smiles suggest risk-on sentiment

Despite low short-term volatility expectations, BTC's short-tenor smiles indicate a continued risk-on sentiment, with a 5% skew toward out-of-the-money calls. Early in the week, put option volume surpassed $200M, outpacing $140M for calls, while open interest remains higher for puts than calls.

ETH has outperformed BTC for the second consecutive week, achieving a remarkable 59% return over the past month. This rally came with volatility: ETH's front-end volatility briefly doubled BTC’s 7-day tenor, leading to an inverted term structure. By Monday, ETH had pulled back some gains, causing front-end volatility to drop swiftly, a faster resolution than seen in previous inversions.

However, another rise in spot price toward $2.6K reignited volatility expectations. Open interest and options trading for ETH remain skewed toward calls, with volumes exceeding $150M on May 13, 2025, coinciding with a second price surge after a brief retreat on May 12, 2025.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (May 14, 2025): BTC volatility remains weak relative to ETH

Strategic Bitcoin reserve (SBR): Established on March 6, 2025, integrating Bitcoin into national reserves

Strategic Bitcoin reserve hopes are all the rage

On March 6, 2025, US President Donald Trump signed an executive order to establish the nation's first strategic Bitcoin reserve (SBR). This pivotal initiative positions Bitcoin alongside traditional reserves like gold and oil, signaling a significant endorsement of digital assets by the federal government. The SBR aims to centralize and manage all Bitcoin acquired through legal forfeitures, ensuring these assets serve as long-term strategic holdings rather than being sold off.

The creation of the SBR reflects Trump's broader vision of making the US a global leader in cryptocurrency. By integrating Bitcoin into national reserves, the administration seeks to harness the benefits of digital currencies while providing a hedge against economic turbulence. This strategic move has also spurred state-level policies, as seen in New Hampshire, where legislation was recently passed allowing state investments in cryptocurrencies and precious metals. Such developments indicate a growing trend of governmental adoption of digital assets, reinforcing the legitimacy of cryptocurrencies in the financial landscape.

Institutional accumulation drives down Bitcoin availability

In the private sector, institutional investors are increasingly accumulating Bitcoin. Companies like Strategy (formerly MicroStrategy) have expanded their holdings significantly, purchasing an additional 13,390 BTC for $1.34 billion, which brings their total to 568,840 BTC. Similarly, Metaplanet Inc. invested $126 million to acquire 1,241 BTC, surpassing the national Bitcoin holdings of some countries. This trend highlights a shift in Bitcoin ownership, with retail investors often taking profits during market rallies, leading to a redistribution of Bitcoin toward institutional entities.

As of May 13, 2025, over 19.86 million BTC have been mined. Wallets holding at least 100 BTC account for 60.84% of the total supply, while those with 10 or more BTC control 82.51%. With Bitcoin's price once again having surpassed $100K, it becomes evident that only about 17.5% of Bitcoin is held by wallets with less than $1 million in BTC. This concentration of ownership raises concerns about market accessibility for smaller investors.

The 10–100 BTC tier is primarily composed of small institutional investors, while wallets with over 100 BTC are predominantly held by institutions and liquidity providers. This oligarchic trend suggests that as cryptocurrency market caps rise, retail traders may feel pressured to sell during downturns, further consolidating wealth among larger holders. Notably, the increasing costs associated with 

, such as electricity and equipment, compel many miners — often retail investors — to sell portions of their holdings to cover expenses, exacerbating this trend.

Bitcoin concentration leaves smaller investors at disadvantage

The establishment of the SBR represents a critical milestone in the integration of digital assets into national financial strategies, positioning the US at the forefront of the cryptocurrency revolution. As of mid-May 2025, Bitcoin's price has fluctuated between $102K and $105K, maintaining an optimistic long-term outlook despite short-term volatility. Continued institutional interest, bolstered by supportive governmental policies, enhances the legitimacy and stability of Bitcoin as an asset class.

However, as smaller investors continue to sell during market rallies, larger wallets are increasingly accumulating supply, tightening their grip on the market. Currently, over 80% of Bitcoin's supply is held in wallets containing $1 million or more in BTC. This trend suggests that while individual portfolios may grow, retail investors could find themselves at a disadvantage in an increasingly concentrated market.

In conclusion, the strategic Bitcoin reserve and the surge in institutional investments signal a positive shift for Bitcoin's legitimacy and its role in the global financial system. However, the growing disparity in Bitcoin ownership underscores the need for retail investors to navigate the market carefully. As these dynamics evolve, awareness of trends in institutional accumulation and wealth concentration will be crucial for all participants in the cryptocurrency ecosystem.

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Bybit x Santiment social sentiment report: Bitcoin reserve hopes leave Bitcoin holdings more concentrated

The Smart Copy Mode is a simple-to-use copy trading feature on Bybit that lets you reap profits from the crypto market even without prior trading experience.

Trading cryptocurrencies can be a lucrative way to earn from the ever-volatile crypto market. However, most people shy away from it due to the intense 

Thankfully, the world of trading now has helpful tools that have simplified crypto trading and made it easier even for beginners to make money from price movements.

First launched as part of a major upgrade in early 2023, Smart Copy Mode offers a simplified way to follow experienced traders known as Master Traders and automatically mirror their strategies. Today, it's one of the easiest and most intuitive ways for anyone, even beginning traders, to tap into the expertise of top-performing traders on Bybit and earn profits.

In this article, we’ll explore how Bybit Smart Copy Mode works and how you can safely make profits as a 

Smart Copy Mode is a simple-to-use copy trading feature on Bybit that lets you reap profits from the crypto market even without prior trading experience.

 Smart Copy Mode is part of the three major upgrades to the Bybit Copy Trading platform 

As of 2025, it remains one of the simplest and safest ways for users to realize returns from automatically mimicking successful Master Traders on the platform.

The Smart Copy Mode requires only three steps to follow a 

 and start earning. All you’ll need to do is enter an investment amount (minimum 100 USDT), select a Bybit account to transfer the funds from and click the 

The entire process is optimized for ease and risk control, making it ideal for anyone looking to trade without micromanaging their positions.

Here are some key features of the Bybit Smart Copy Mode that make it easier to trade while minimizing risks:

Rather than blindly copying a Master Trader’s full position size, Smart Copy Mode calculates a ratio based on both your balance and the Master Trader’s, helping you manage exposure proportionally.

Case in point: Let’s say a Master Trader has 10 BTC in their account but they enter a long position with only 1 BTC. In typical copy trading, a Follower who has 1 BTC in their account will automatically copy the trade with the whole 1 BTC, which exposes their entire portfolio.

However, with the Smart Copy Mode, a ratio calculated based on the available balances in the Follower’s and the Master Trader’s accounts will be exposed for copy trading. In this case, if the ratio is calculated to be 10%, the Follower’s copy trade amount will be 0.1 BTC instead of their full balance of 1 BTC. 

This proportional sizing is especially useful for beginners who may not want to expose their entire portfolio to a single trade.

Another amazing feature of the Smart Copy Mode is the Bybit CopyGuard which is designed to limit losses by adding an extra layer of protection for Followers. While most Master Traders strive to consistently implement successful trading strategies, it’s not uncommon to find some trades that will incur losses.

In such instances as a copy trader, you will incur losses similar to the Master Trader. That’s where the Bybit CopyGuard feature comes in handy.

With CopyGuard turned on, all of the Follower’s trades are optimized in the sense that the entry will always be at an optimal price not worse than that of the Master Trader. If an optimal price is not attained, the trade won’t be copied. However, note that at the point of trade execution, 

 may occur, causing small price discrepancies. However, CopyGuard filters out major price differences that could lead to instant losses. 

To give Followers even greater control over their risk exposure, Bybit now offers a Trailing Stop feature within Smart Copy Mode.

This tool automatically adjusts your exit point based on your account’s highest recorded equity. You simply set a retracement percentage (e.g., 20%), and if your equity drops by that percentage from its peak, all positions will be closed, locking in profits and limiting potential losses. 

Let’s say your account equity fluctuates as follows: 500, 450, 600, 900, 800, 1,000, 800. With a 20% retracement rate, the trailing exit equity adjusts accordingly: 400, 400, 480, 720, 720, 800, 800. When your actual equity drops to 800, the trailing stop triggers and your copy trading positions are automatically closed. 

, the final equity upon exit may differ slightly from the calculated exit equity.

The Trailing Stop feature is especially useful for volatile markets, helping you secure gains without manually monitoring every trade.

Together, Bybit’s copy by ratio, CopyGuard and Trailing Stop features work together to ensure that Followers have an extra layer of protection against losses when engaging in copy trading. 

Smart Copy Mode vs. Advanced Copy Mode: Which is better?

 allow you to choose between the Smart Copy Mode or the Advanced Copy Mode. While both provide an avenue for you to successfully copy a Master Trader’s strategy, there are several differences between the two that may make you opt for one over another. They are:

From the above comparison, it’s highly recommended to go for the Smart Copy Mode if you are a beginner to crypto or copy trading since it provides you with loss-limiting features before you learn your way around the field. For advanced traders, you can go for the Bybit Advanced Copy Mode or stick to the Smart Copy Mode.

Smart Copy Mode has made it easier to realize gains from copy trading.

 Regardless of your status as a beginning or advanced trader, you can have the assurance of a safe trading experience even with margin trading as all the risks are mitigated for you through the Smart Copy Mode.

Compared to the Advanced Copy Mode, the copy by ratio, CopyGuard 

 features within Smart Copy Mode help limit losses through reduced risk exposure. The enhanced automated settings on Smart Copy Mode are sure ways to successfully copy Master Traders without fear of wiping out your account. So, 

Beginner

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Bybit Smart Copy Mode: The way to secure copy trading profits

Invest like a VC with just $20. Common Wealth (WLTH) opens access to early-stage crypto projects through a transparent, community-driven platform.

The traditional venture capitalist (VC) investing model is often elitist and out of reach for many retail investors. While this is particularly the case in the world of traditional finance (TradFi), access to promising early-stage crypto assets is also frequently reserved for larger entities, namely institutional investors and 

. When we hear about a wildly successful crypto project and its token, we often find that its early backers are well-known investment funds or cashed-up VCs. These early investors are the ones who benefit the most from the token’s meteoric rise on the market.

 chain that aims to democratize the way VC investment works in the crypto industry. By using a community-driven approach to sourcing and investing in promising projects, the Common Wealth platform reduces barriers to entry to VC activities. Smaller-scale retail investors, both casual and experienced, are the primary beneficiaries of Common Wealth's unique approach to crypto investment.

Common Wealth has partnered with a network of notable crypto investors who refer high-potential projects to the platform, where these projects are carefully evaluated and qualified to be included in the investment products available to the user community. The entire evaluation process is also driven by community governance procedures, making it transparent and secure. Thanks to Common Wealth, investing in high-potential early-stage crypto opportunities is now open to anyone — even investors who want to start with as little as $20.

 (WLTH) is a decentralized platform that allows anyone to become a crypto VC by using a vetting-based, democratized, community-driven approach to selecting promising cryptocurrency investment opportunities.

The core idea behind the project is to tear down barriers to entry for crypto investment, particularly concerning early-stage promising ventures. Common Wealth has partnered with a group of prominent, savvy crypto investors (referred to as “Oracles”) who refer high-potential crypto investment opportunities to the platform. All the referrals are based on projects or assets that at least one so-called Oracle has personally invested in. As of May 2025, the platform works with ten Oracles, all of whom are notable investors with solid track records and standing in the crypto investment world.

The platform's governance community scrutinizes each referred project via “Oracle Ask Me Anything” (AMA) sessions, proposal workshops and analytics. Community investors then vote to decide on the projects' final eligibility. Any Common Wealth user can invest in qualified projects for as little as $20.

There are two main types of investors on the platform: casual and community members. The former typically invest smaller amounts, and pay with fiat currency using credit or debit cards, greatly simplifying access to the selected projects for users without an affinity for cryptocurrency transactions. Casual investors are normally those who adopt a hands-off approach to crypto investing and tend to start with smaller investment amounts.

Members of the second group, community members, invest larger amounts, or actively participate in the decision-making process for project selection. They’re the core of the governance community on Common Wealth. These investors use cryptocurrency to invest, paying with the 

The Common Wealth project was launched in February 2024 on the Base Layer 2 chain. In May 2025, it debuted its native token, WLTH.

All investment opportunities offered on Common Wealth are in the form of funds that provide exposure to promising projects and assets. For instance, the platform’s Priceless Fund invests in 14 high-potential 

 startup projects, while the Alpha Fund is based on early-stage projects in the areas of artificial intelligence (AI), the 

 (RWAs), decentralized physical infrastructure networks (DePINs) and gaming.

Unlike traditional investment funds, Common Wealth funds are completely permissionless and noncustodial, operating through blockchain smart contracts. As such, no central entity can influence fund management, thus ensuring transparency and discouraging vested interests.

Some funds are based on contributions from the wider user community, and are typically capped funds. There are also perpetual funds, which are funded by the investor community that participates in on-platform governance.

Bundles are Common Wealth funds based on a dynamic mix of assets satisfying certain criteria, e.g., a specific crypto niche. The platform has launched three such bundled products: 

Since the bundles are dynamic, the top five assets may switch according to market sentiment. All allocations within the bundles are equally split between their five assets. For instance, if you invest $100 in a bundle, each of the five assets in it will be allocated $20 of your investment.

The Common Wealth platform charges three types of fees:

When you invest in a Common Wealth fund, you’re issued a 

 (Slice NFT) that denotes your share of capital in the fund. Slice NFTs are freely tradable on the market, investors can quickly access liquidity by selling their Slices. Since these NFTs are fractionalized, you can sell a part of your Slice or the whole of it, per your preference.

Distributed Autonomous Operating System (DAOS)

The Common Wealth Distributed Autonomous Operating System (DAOS) is based on a set of 

 that automate the entire workflow of the platform’s governance processes. Project considerations, analytics related to candidate projects, vote management and other functions related to decentralized governance are handled by the DAOS.

 (DAO) consists of a set of rules and an on-chain community, the Common Wealth DAOS is an entire permissionless system of interoperable autonomous nodes that automates and powers all the platform’s governance elements and procedures.

What is the Common Wealth crypto token (WLTH)?

 asset issued on the Base Layer 2 chain. The token has a wide range of functions on the platform. While investments in Common Wealth are based on the USDC stablecoin, all other key functionalities are enabled via WLTH. These include:

WLTH is a capped asset with a maximum supply of 1 billion. As of mid-May 2025, its total supply stands at around 984 million. The chart below shows the token's supply allocation shares and vesting periods upon its launch in May 2024.

As of May 16, 2025, the WLTH token is trading at $0.003877, which is 98.2% lower than its ATH of $0.2148 on Jul 22, 2024 and 82.8% higher than its ATL of $0.002121 on Apr 18, 2025.

Long-term price forecasts for WLTH are mostly bullish.DigitalCoinPrice 

 of $0.0129 in 2027 and $0.0192 in 2030, whileCoinCodex 

 at around $0.0042 in 2027 but rise to $0.014 in 2030.

VC investment in financial markets remains an exclusive club that isn’t easily accessible to everyday retail investors. In most cases, this applies to the crypto market as well. Common Wealth's value to the broader crypto community lies in designing a system that makes investment in promising web3 initiatives accessible to everyone. The platform's novel model creates an opportunity to involve millions of individuals in the VC game. This could lead to significant growth in overall web3-based VC funding, and positively affect the entire crypto investment landscape over the coming years. Finding a future star in the crypto market with as little as $20 has never been easier — thanks to Common Wealth and the VC tools it provides!

Intermediate

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Common Wealth (WLTH): Invest like a VC — without being one

Bybit Learn

DeFi

Pendle is a tokenized yield protocol that allows investors access to an asset’s future yield. It's unique through its time-decaying AMM feature. Read more here.

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Crypto yield trading can be highly lucrative, but the actual return that an investor may realize is uncertain. This is because future yields cannot be accurately projected, due to fluctuations in the yield markets caused by numerous factors in the crypto sphere. Various yield protocols enable investors to gain from a future yield, but there are flaws with many of these established protocols that can minimize gains substantially. 

Pendle takes an improved approach to yield trading to optimize the investor’s return.

 yield trading protocol. This DeFi protocol is built on the 

 blockchain. Its users can adopt various strategies. When a user deposits assets in Pendle, the underlying asset is represented through a 

 (PT). The anticipated yield is represented by a 

 (YT). Because the principal and yield can be split through these tokens, users have greater flexibility to manage their assets. 

, and cash them in before the expiration date to secure gains. Additionally, you can adopt yield strategies such as long yield, discounted long assets, fixed yield, or a mix of these strategies. The platform also supports 

Pendle was created by a group of anonymous individuals who go by the pseudonyms TN Lee, GT, YK and Vu. It maintains its headquarters in South Korea, and 

 and others. After considerable development, the project officially launched in June 2021. According to 

, its trading volume has reached $350 million to date. Its total value locked (

. The Pendle team has grown substantially since launch to meet the platform’s continued growth and development.

Pendle was established to improve the yield trading experience for crypto users. By doing so, its founders have focused on making crypto yield trading more mainstream. Furthermore, they recognized the challenge associated with

. The platform has been designed with specific features that enable traders to create separate tokens for their original asset and their future yield asset to optimize flexibility and profitability. At the same time, Pendle uses an evolved AMM that specifically overcomes the challenge of time decay in yield trading.

Pendle has already launched its second version, and additional updates are planned in the near future. 

 introduced an updated AMM that allows for fixed rate trading. It also optimizes liquidity provisions and provides greater opportunities for profits.

Those who own yield-generating assets deposit their tokens into their Pendle account. Once that’s done, a PT is minted by Pendle, representing the underlying asset that was deposited. In addition, a yield token, or YT, is minted, which represents the token holder’s claim on that asset’s future yield. It’s important to note that PTs and YTs are valid for a limited time, and their associated assets must be claimed before their expiration dates.

Yield tokenization is Pendle’s fundamental mechanism. While the PT represents the original asset, the YT represents the expected interest earned on the underlying asset. Splitting the yield components maximizes the user’s control of those assets. A YT can be used to provide liquidity to an AMM. By doing so, a YT can generate protocol rewards and earn transaction fees. Another way to use a YT is to simulate an interest rate swap. This is done by locking in a return at a fixed rate by selling the YT immediately.

An AMM, or automated market maker, supports individual trades of crypto assets. Specifically, it’s a type of decentralized exchange (

) that algorithmically completes buy and sell orders, as compared to making direct trades with individual traders. However, a traditional AMM is flawed since it doesn’t account for time decay. Without taking time decay into account, an investor may suffer financial loss because of mispriced assets. 

Pendle resolves this issue through its unique AMM. It uses a time-decaying AMM model to optimize capital, while increasing exposure to future yields. Specifically, Pendle’s AMM makes incremental adjustments that more accurately price assets. At the same time, it prevents 

PENDLE token holders can participate in the platform’s governance. Specifically, they do this by using vePENDLE, or vote-escrowed PENDLE tokens. The vePENDLE tokens are obtained by 

 PENDLE. The specific amount of vePENDLE received is based on the staking period, which can be as long as two years. Over the course of the staking period, the value of vePENDLE in a user’s wallet decays. It will reach no value at the end of the staking period, which is when the staked tokens are unlocked.

Pendle collects a fee of 3% from all yield accrued via YT. This fee is collected as revenue and distributed pro rata to all vePENDLE holders, based on vePENDLE weight.

Adding to these opportunities for gains, vePENDLE holders have access to liquidity incentives. They vote for the allocation of liquidity incentives to different pools. Those who have voted for a pool collectively earn 80% of that pool’s swap fees.

 is an interface that gives users complete access to all of the platform’s features. Through Pendle Pro, users can deposit assets, mint YTs and PTs, make trades, and more. This feature is accessible through a toggle button at the top of the mobile app. There’s also a useful tutorial available that shows new users how to get the most out of Pendle Pro’s features.

Pendle offers greater opportunities for investors to maximize the return on their yield-bearing assets without locking up their collateral. These opportunities include minting, 

, farming and claiming. A closer look at these features is essential.

A user can mint tokens by depositing a yield-bearing asset in Pendle. Under the Markets tab on the interface, select the terms of the transaction. This includes the input asset, the desired asset and the maturity details. By doing so, the user creates a principal token and a yield token for the underlying asset. Through this minting process, the asset is separated from its future yield, and these tokens can be used separately in various ways.

Once the YT has been minted, the user has the option to sell or swap it. Depending on the movement of the underlying asset’s value, this could be highly lucrative. It also presents users with the opportunity to swap one asset for another one that may produce a higher yield going forward. The original PT can also be swapped independently. Swapping is done through the interface’s Markets section. After selecting the Swap tab, select the slippage, transaction volume, input and output assets, and maturity.

The YT may also be added to a liquidity pool. Users can review the maturity, total liquidity and annualized percentage yield (

) for each pool. By contributing to a pool, users receive liquidity pool tokens that allow them to earn liquidity incentives. Liquidity incentives can continue to be earned until the liquidity pool tokens are cashed in. The user can increase the APY through the use of vePENDLE.

Once a YT’s established expiration date passes, that token no longer has any value. The user must decide whether to redeem the asset before the expiration date, or to roll over the asset to create a new expiration date. In order to redeem the token, the user must hold both the PT and YT. Depending on the situation, this may require the user to take a liquidity provision from the pool or buy new tokens on the market. 

To claim the YT as well as rewards and swap fees, the user should click on Claim Yield and Rewards in the Markets section. By toggling through the options, the user can claim specific rewards and gas fees. The user can also select how the token will be claimed, such as through a raw token or 

Pendle stands apart from other seemingly comparable platforms through its three components. Two of these are already live: yield tokenization and AMM. The third component, governance, is still in development. 

Within a year of the platform’s launch, more than $350 million of yield trades were settled. Pendle V2 was released in late 2022 with a redesigned AMM. This updated AMM supports fixed rate trading. It also offers liquidity provisions, greater capital flexibility and improved efficiency. It establishes low slippage trades, minimal 

 and the ability for liquidity pool providers to earn fees on two assets, even though they provide just one asset.

Looking forward, the project's developers are focusing on permissionless integration with all yield-bearing assets. There’s also a plan to generate greater fees and liquidity by properly aligning incentives.

The native token of Pendle is PENDLE. It’s an 

 utility token with a total and maximum supply of 231,725,335 tokens. The circulating supply is approximately 97 million tokens. Its purpose is to manage governance at the completion of the protocol. Specifically, it will support protocol management and the mechanics of value accrual. PENDLE is a hybrid 

Its initial distribution allocated 37% to liquidity incentives, 22% of the supply to the team and 15% to investors. In addition, the ecosystem fund received an allocation of 18%, and 7% was applied to liquidity bootstrapping. The remaining 1% of the supply was reserved for advisors.

. It now has 65.1% allocated to its circulation, 19.2% to the ecosystem fund, 10% to incentives and 5.7% to the team. Tokens allocated for the team were vested until April 2023, and weekly emissions are 667,705, with a 1.1% decrease each week until April 2026.

PENDLE was launched on Apr 28, 2021 at the price of $2.11. It quickly dropped to a low of $1.08 by Apr 30, 2021 before it rose to its all-time high of $2.45 on May 5, 2021. PENDLE’s price continued to fluctuate over the following months, remaining between $0.30 and $1. There was a spike in price in the middle of August 2021, from $0.44 to $1.27, possibly due to the 

PENDLE’s price then fell once again, before rising again in the middle of October 2021 to $0.98. This is likely attributed to the 

, whereby users can obtain PENDLE tokens at a discount through the exchange of PENDLE/ETH LP tokens on Olympus.

As the entire crypto market entered a downturn at the end of 2021, PENDLE’s price also fell. When the Terra LUNA crash occurred in May 2022, PENDLE dropped to a low of $0.04 and remained there throughout most of 2022. However, PENDLE’s price experienced an uptrend beginning in January 2023, as it rose from $0.04 to $0.64 in April. Despite faltering briefly, PENDLE’s price continued to climb to a peak of $0.96 on Jul 3, 2023.

The current price of PENDLE is $0.85 as of Jul 19, 2023. The general sentiment for this token among crypto experts is bullish for both short and long terms. At the end of 2023, according to 

 will be $1.87. This is expected to rise to $3.07 in 2025 and $4.63 in 2028. In 2030, the price of PENDLE is predicted to double and reach $8.95. 

 the same sentiments, and is in fact more positive than DigitalCoinPrice in the long run. It predicts that PENDLE will close 2023 at $1.23 and reach $2.91 by 2025. By 2028, PENDLE is expected to rise to $9.08 and cross the $18 mark to hit $18.57 by 2030.

While the token’s price is expected to increase considerably over the next decade, keep in mind that all crypto price predictions are speculative. Many factors cause crypto prices to move, and these factors cannot accurately be predicted. As such, it’s best that you 

PENDLE tokens are available on centralized exchanges including Bybit. You can choose to trade the PENDLE/USDT Spot trading pair or PENDLEUSDT Perpetual Contracts. To get started, you must first 

 and fund it with cryptocurrency before navigating to the 

As discussed in the previous section, the price of the PENDLE token is projected to increase from its current $0.85 to $18.57 at the end of 2030, an increase of almost 2,085%. This substantial value increase presents a lucrative opportunity for those who intend to hold their tokens for a longer period of time. 

In addition to the financial gain associated with token value appreciation, users can take advantage of liquidity incentives for additional gain. Moreover, this yield trading platform enables users to split their yield token from their principal token, which allows for improved flexibility and capital efficiency in yield markets. The possibility of loss is always present in the crypto world, but Pendle presents many avenues for users to profit.

Yield trading presents crypto investors with exciting financial opportunities. Pendle is designed specifically to optimize the profitability of yield trading. With its user-friendly interface and tutorials, it’s just as well-suited to experienced traders as it is to those new to the world of crypto yield trading. You can launch the 

 today to start putting its features to use for your yield trading activities.

Pendle (PENDLE): Unlocking the Full Potential of the Yield Market

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