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Pendle (PENDLE), a protocol that enables tokenization and trading of future yield, has experienced a massive 50% surge in its value recently, following its listing on Binance, one of the world's leading cryptocurrency exchanges. While the Binance listing has undoubtedly played a significant role in Pendle's rally, it is not the sole factor behind the token's remarkable performance.

PENDLE, the native token of the decentralised finance protocol Pendle Finance, is up more than 12% in the past 24 hours. The token traded to highs of $0.75 early Monday morning, with fresh investor exuberance in DeFi adding to overall market sentiment.