On August 11, Boros, the funding rate trading platform under Pendle, continued to grow its funding limit, with open position limits increasing from $15 million to $28.55 million. The BTC and ETH vault limits were raised from $60,000 and $80,000 to $100,000 and $125,000 respectively, indicating an expansion trend in fund scale.
In terms of ecosystem, as of August 9, Pendle's total value locked (TVL) increased from $7 billion five days prior to $8 billion, reaching a new historical high. In its cross-chain layout, Pendle achieved over $300 million in TVL on the HyperEVM network in less than two weeks, ranking in the top ten on defillama, demonstrating that cross-chain functionality is gradually being accepted by users and ecosystem construction is steadily progressing.
Regarding market performance, according to Block Media, Pendle performed outstandingly on Upbit exchange, becoming one of the top three cryptocurrencies in terms of price increase. Along with Prove (PROVE) and Etherna (ENA), it garnered market attention, showing strong market activity and investor interest.
