ME News reports that on August 4 (UTC+8), Pendle tweeted that the current circulating supply of PENDLE has reached a new all-time low, with protocol fee income used to repurchase PENDLE exceeding its minting rate by five times, and approximately 92% of sPENDLE holding addresses have never unstaked. (Source: Foresight News)
Pendle: PENDLE Circulating Supply Reaches All-Time Low, Buyback Rate Exceeds Inflation by 5x
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Summary
On August 4 (UTC+8), Pendle reported that PENDLE’s circulating supply has reached an all-time low. The protocol is repurchasing tokens more than five times faster than they are being issued, using fee revenue. Recent interest rate data indicates strong buyback momentum. Inflation metrics show that 92% of sPENDLE holders have not unstaked their tokens.
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