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PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

  • The coin has expanded its presence beyond Ethereum.
  • Users can now enjoy streamlined cross-chain swaps through Stargate Finance.
  • Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days.

Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy.

Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours.

Intensified profit-booking after the recent growth contributes to PENDLE’s weakness.

However, the altcoin appears poised for a significant rebound as bullish catalysts emerge.

The team has confirmed that PENDLE is officially live on HyperEVM and BeraChain.

It represents a key step in Pendle’s multi-chain ambitions as it aims to push boundaries in decentralized finance (DeFi) yield trading.

Meanwhile, the expansion comes as the altcoin experiences bullish sentiments.

Data show PENDLE had the highest positive sentiments across all DeFi currencies over the past week.

With more individuals exploring Pendle, is a significant breakout on the horizon?

Pendle smoothens cross-chain access

The best thing about this development is the Stargate Finance integration.

It allows users to bridge between Ethereum, HyperEVM, and BeraChain smoothly.

That means users can access Pendle’s flourishing ecosystem regardless of their chain.

Moreover, the integration promises less friction, faster access, and fewer fees.

This is a game-changer for investors and DeFi enthusiasts.

Stargate’s bridge promises smoother capital flow across chains to solve one of the primary bottlenecks in DeFi – interoperability.

Furthermore, the move unlocks more utility for the PENDLE token in new liquidity hubs as HyperEVM and BeraChain protocols navigate Pendle’s yield markets.

Positive sentiments dominate the Pendle ecosystem

Multiple tracking platforms show PENDLE was the most positively discussed DeFi project over the past week.

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