Boros under Pendle reaches $10 billions in notional trading volume milestone, 2.7 times faster than the previous Pendle V2 record
BlockBeats news, on February 5, Pendle's funding rate trading platform Boros reached a milestone of $10 billion in notional trading volume, nearly 2.7 times faster than the previous record set by the leading crypto yield trading platform Pendle V2.
Pendle stated that funding rate trading products have enormous future market potential. After Boros launched funding rates for NVDA, gold, and silver, it is expected to expand into on-chain/off-chain and RWA sectors. After reaching its first $10 billion milestone, Boros is expected to achieve even faster growth and is poised to become the infrastructure for funding rate exposure in both the crypto and broader financial sectors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank CDS Approaches Three-Year High! Concerns Over OpenAI Financing Intensify, “Paper Wealth” Fails to Alleviate Cash Crunch
The credit default swaps (CDS) of SoftBank Group are hovering near a three-year high. Traders are assessing the potential impact of OpenAI’s financing plans, as OpenAI is one of SoftBank’s largest bets.
Grab (GRAB.US) acquires 60% stake in buy-now-pay-later platform Atome for 1.49 billion USD, betting on consumer credit as the "next frontier"
Grab plans to first acquire 60% of Atome Financial with $1.49 billions in cash, and then purchase the remaining 40% after approximately two years.
Singapore medical service provider LYC Healthcare prices IPO at $4 per share, raising the offering size by 67% to $25 million
LYC Healthcare increased the proposed size of its upcoming IPO on Tuesday. The company now plans to offer 6.3 million shares at a proposed price of $4 per share, aiming to raise $25 million.
SK Hynix (SKHY.US) reaches agreement with labor union: profit-sharing bonus will be distributed as 50% cash + 50% stocks
SK Hynix (SKHY.US) has reached an agreement with the labor union to issue half of the profit-sharing bonus in cash.
Crypto prices
More
