In the last week $pendle has added over $1bn in TVL. Even with the pump we've seen, I believe pendle has been in a year long range which we're about to see it explode out of sometime this year. The launch of @boros_fi on Arbitrum, a brand new DeFi primative, + their hyperEVM extension are the catalysts for the pump(s), but I believe the market is still playing catchup. However if there's one thing I know for sure it's that the team is undoubtably one of the best in the industry and never seems to rest on their success like we see countless other teams do. It's one thing to build a cool product, but when you've already achieved top 10 status for TVL across all of DeFi and you're still pushing like nobody knows you... It becomes pretty obvious that you're destined for greatness. 80% of fees from @boros_fi go to vePENDLE stakers which is a huge new incentivie for holders to lockup their Pendle. As Pendle is not a new protocol, the only new unlocks it has is linear emissions, so the more PENDLE that get's locked up, the less there is on the market. The more revenue flywheels the PENDLE team can use to incentivize lockups, the better in theory the token should perform. I'm not a Pendle or now Boros user, but I recognize a team that refuses to lose when I see one. Happy to be a very tiny part of Pendles success over the last two years and look forward to blasting through ATHs in the coming months. Pendle