Pendle's Yield Tokenization Protocol Gains Momentum with Bullish Long-Term Price Projections

Pendle, a decentralized finance (DeFi) protocol launched in 2021 by founders TN Lee and Vu Nguyen, has rapidly grown into a key player in yield markets by enabling the tokenization of yield-bearing assets. Initially built on Ethereum, it has expanded to multiple chains including Arbitrum and BNB Chain, attracting over 280,000 active users and gaining institutional interest.

The protocol operates by separating assets into Ownership Tokens (OT) for principal and Yield Tokens (YT) for future yield, allowing users to trade yield independently. This innovation facilitates hedging, speculation, and efficient capital management. Liquidity providers are incentivized with PENDLE tokens, which also power governance and staking within the ecosystem.

Price predictions for the PENDLE token from 2026 to 2032, based on analyses from sources like CoinCodex and Changelly, show a wide range: from $2.46 in 2026 to potential highs of $81.98 by 2032. These forecasts highlight the token's growth potential but are speculative and not investment recommendations.