币界网报道：This article analyzes PENDLE's performance in terms of institutional capital inflows and network activity growth, pointing out that PENDLE has attracted more attention from institutions and whale investors in the context of the US Securities and Exchange Commission (SEC)'s tightening regulation of decentralized finance (DeFi). The article mentioned that more than 2.18 million PENDLE tokens (worth $8.31 million) were withdrawn from the Binance exchange in six days, showing an increase in institutional interest. The growth in the number and activity of network addresses indicates increased user participation, especially the increase in small participants. Large transaction volume surged by 300%, and medium transaction volume also increased significantly, reflecting the market's increased confidence in PENDLE. Although the NVT ratio once soared, indicating that the valuation was out of touch with network activity, it subsequently fell back, suggesting that the valuation may be becoming reasonable. Technically, PENDLE's price has retreated in the short term, but the overall structure is still expected to resume its rise. The article concludes that with the improvement of the regulatory environment and the increase in institutional investment, PENDLE is expected to become an important representative of compliant yield protocols, and its long-term prospects are promising.