Pendle pricePENDLE

2/ On April 2, USDe and sUSDe went live on BNB. Per @EntropyAdvisors dashboard, BNB Chain now ranks 5th by USDe TVL with $8.8M. DeFi incentives and integrations with @PancakeSwap, @VenusProtocol, and @pendle_fi are fueling early traction.

6/ @OpenEden_X USDO—backed by T-Bills and reverse repos—has quickly grown from $50M → $95M in supply in just 9 days, per Ouroboros Research. New DeFi incentives just dropped on @pendle_fi via the OpenEden Bills campaign.

Asset management giant Grayscale has updated its lists of crypto assets under consideration and included in its products, naming Maple, Geodnet, and Story as the projects it’s most bullish on this quarter. On April 10, Grayscale Investments updated its lists of crypto assets under consideration and included in its products. Among the new additions in the DeFi sector are Mantra ( OM ), Maple (SYRUP), and Pendle ( PENDLE ), and Lombard (LMBR). In the AI and Data Oracles sector, Grayscale has added Sentient (SENT), Prime Intellect (PRIME), and Space and Time (STT). For Smart Contract Platforms, the new assets include Babylon (BABY), Berachain ( BERA ), Celestia ( TIA ), and Hedera Hashgraph ( HBAR ). For Decentralized Identity and Web3, Toncoin ( TON ), Arbitrum ( ARB ), TRON ( TRX ), and VeChain ( VET ) are now under consideration. As for the NFTs and Metaverse sectors, Grayscale has added Immutable ( IMX ), Story ( IP ), and Aixbt ( AIXBT ). Lastly, in Utilities & Services, Grayscale has included DeepBook ( DEEP ), Eigen Layer ( EIGEN ), and Geodnet (GEOD). It’s important to note that just because an asset is under consideration, it will become part of Grayscale’s investment products. Whether these assets make it into a product depends on the ongoing evaluations and assessments by Grayscale’s research team. Grayscale aims to update its asset lists as frequently as 15 days after each quarter ends, with the next update scheduled for mid-July 2025. The projects that go into Grayscale’s Assets Under Consideration list are identified through Grayscale’s quarterly research efforts, where the team reviews a wide range of digital assets to inform adjustments to the FTSE/Grayscale Crypto Sectors indexes. From this research, the team compiles a Top 20 list —a snapshot of projects showing strong potential for growth in the upcoming quarter based on factors such as network growth, potential future developments, the sustainability of underlying fundamentals, token valuation, inflation of token supply, and possible risks. Over the last quarter, Grayscale Research has observed promising developments at the application layer rather than just the infrastructure layer. This quarter, they’re focusing on tokens that demonstrate practical, non-speculative uses of blockchain technology across three key narratives: tokenization of real-world assets, decentralized physical infrastructure, and intellectual property. In particular, Grayscale has highlighted Maple, Geodnet, and Story Protocol as projects it’s most bullish on this quarter.

PENDLE/USDT

Ethena Labs has once again stolen the spotlight with its latest move: bringing its USDe stablecoin and its staking version, sUSDe, to the BNB Chain network. The move allows USDe and sUSDe to be used directly on platforms like PancakeSwap, Venus Protocol, and Pendle—all of which are already familiar to market participants. This integration allows users to exchange, borrow, and even earn yield on USDe and sUSDe over a network noted for its efficiency and scalability. For example, on PancakeSwap, the USDe/USDT and sUSDe/USDe pairs are already active and incentivized with Ethena rewards, CAKE token emissions, and fee sharing from pool transactions. It feels like hanging out at a cafe that gives cashback every time you order a drink. USDe has officially launched on @bnbchain 🔶 USDe and sUSDe go live on @PancakeSwap , @VenusProtocol , and @pendle_fi BNB deployment Users can swap, lend, and save with Ethena assets on BNB Chain pic.twitter.com/7lNteUrTxs — Ethena Labs (@ethena_labs) April 4, 2025 On the other hand, CNF previously reported that Ethena Labs also strengthened its financial position by minting an additional $225 million worth of BUIDL tokens from BlackRock. With this addition, Ethena’s total BUIDL holdings now stand at $1.29 billion. It’s not just a number—it reflects growing trust and influence. A few weeks earlier, BlackRock also announced a partnership with Ethena to build a new network called Converge. This partnership is to pave the way for individual and institutional users to access DeFi more easily, while connecting traditional assets to the crypto world. Think of it as building a direct road from Wall Street to the on-chain world. It doesn’t stop there; in February 2025, Ethena Labs also managed to secure $100 million in funding through the private sale of ENA tokens. These funds are said to be used to create new products targeting traditional financial institutions. This means that Ethena is not only playing in the retail arena, but is also starting to prepare ammunition for duels at the corporate level. Seeing this increasingly mature strategy, the market seems quite enthusiastic. At the time of writing, the ENA token was trading at around $0.3217, up around 3.07% in the last 24 hours. While price fluctuations are common in the crypto world, project developments usually drive the movement north. USDe itself is a synthetic stablecoin that does not rely on traditional fiat reserves. Instead, Ethereum relies on a delta-neutral derivative position against staked Ethereum. So, USDe’s stability does not depend on a central bank or custodian institution. It’s like driving an electric car that doesn’t need to be refueled—more efficient and not dependent on legacy infrastructure. Meanwhile, sUSDe allows users to earn yields from staking activities and spreads in the derivatives market. For users who like yield farming strategies or passive income, this is certainly an attraction in itself.