Pendle announced a development strategy for institutional market participants, introducing infrastructure to connect regulatory-compliant partners to its yield trading ecosystem. According to AMBCrypto, the protocol has prepared the Permissioned Markets Pilot program, which will provide controlled access to yield trading markets through whitelist-gated PT/YT markets. The initiative targets institutional investors and aims to address regulatory compliance challenges that restrict institutional participation in certain markets. The pilot program is set to launch within two months, with negotiations with potential partners ongoing.
Alongside the development of institutional infrastructure, Pendle expanded its presence by integrating with Robinhood Chain on September 7. This expansion opened an additional channel for distributing the protocol's yield markets and attracted new users to the platform. The integration immediately reflected in trading activity: PENDLE token trading volume surged 47%, reaching $64.47M in 24 hours. The expansion across blockchains is designed to provide broader access to yield trading products and attract participants from various ecosystems. The two initiatives – the institutional program and the deployment on a new blockchain – complement each other: the former focuses on institutional access, while the latter broadens Pendle's reach among retail and other participants.
Growing demand for the token was reflected in its price movements: PENDLE broke through the $2.152 resistance level and was approaching $2.255, with $2.500 remaining the next key target. The technical picture supports the uptrend: the +DI indicator stood at 36.33 versus -DI at 4.22, signaling buyer dominance, while ADX reached 52.44, indicating a strong directional trend. However, the price rally is accompanied by some caution: Pendle Finance deposited approximately 600K PENDLE tokens (worth roughly $1.32M) on Binance during the price surge, increasing the available supply on the exchange. Despite the potential pressure from this inflow, buyers demonstrated the ability to absorb the supply, according to the 90-day Spot Taker CVD analysis showing buying demand dominance. Holding the key $2.152 level as support will preserve the breakout structure in favor of further growth toward $2.500, while a drop below this level could lead to a pullback toward $1.689.
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