Pendle Hits $50B Trading Volume Milestone as BID Token Surges

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The cryptocurrency market continues to evolve with key developments across DeFi, institutional adoption, and innovative token launches. On June 3, Pendle made headlines by surpassing $50 billion in cumulative trading volume, marking a major milestone for the yield-trading protocol. Simultaneously, the BID token from CreatorBid saw explosive growth—nearly doubling in value over three days. This article explores these breakthroughs alongside broader market trends, institutional BTC accumulation, and rising altcoin momentum.

Market Overview: BTC Consolidates, ETH Gains Strength

Bitcoin (BTC) experienced a brief surge to $106,500 before pulling back, settling around $105,570 at press time—a 0.67% gain over 24 hours. The price action suggests ongoing consolidation within a narrow range, with resistance near the upper Bollinger Band. Despite short-term volatility, long-term sentiment remains cautiously optimistic.

Notably, Bitcoin ETFs recorded a net outflow of $2.67 million on the previous day, led by BlackRock’s IBIT (-$130M) and Fidelity’s FBTC (-$50.1M). Over the past three trading sessions, total outflows exceeded $100 million, indicating temporary profit-taking or portfolio rebalancing among institutional investors.

In contrast, Ethereum (ETH) showed stronger momentum, climbing 4.32% to trade at $2,607. ETH has held firm within a $2,300–$2,700 range over the last three weeks, supported by consistent inflows into spot ETH ETFs. Yesterday alone, ETH ETFs attracted $78.7 million in new capital:

This marks the third consecutive week of net positive flows into Ethereum ETFs, totaling $286 million last week alone. With Grayscale’s ETHE seeing minor outflows (-$4.62M), the net effect still favors accumulation. Ethereum’s market dominance now stands at 9.5%, and its ETF-to-total-market-cap ratio has reached 3.04%.

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Altcoin Watch: BID, SOPH, and LISTA Lead Gains

While BTC and ETH dominate headlines, several altcoins are capturing investor attention through strong fundamentals and community-driven growth.

BID (CreatorBid) – Up 61.9% in 24H

The BID token surged 61.9%, reaching a market cap of $15.95 million and ranking #929 globally. Launched on Base Chain, CreatorBid is an AI-focused launchpad that raised $2.5 million in just three minutes during its January public sale at $0.025 per BID.

Recent catalysts include the launch of Launchpad V2, which introduces a decentralized curation model called “Curate with BID.” Users must lock BID tokens to vote on upcoming projects—the more BID locked, the greater the voting power. Projects require 2 million BID votes to go live, ensuring community alignment and reducing low-quality launches.

Additionally, CreatorBid plans special Q2 initiatives:

These developments have fueled speculative interest and driven demand for BID ahead of potential new listings.

SOPH (Sophon) – ZK-Powered Gaming Chain Jumps 34.9%

SOPH rose 34.87% to $0.071, pushing its market cap to $135 million (#357). Built on ZK Stack technology, Sophon aims to create a high-performance Layer 2 network tailored for gaming and entertainment dApps. Its name draws inspiration from “Sophon” in Liu Cixin’s Three-Body Problem, symbolizing invisible yet omnipotent computing power.

Currently running a staking campaign on Gate.io, users can earn SOPH by locking BTC, GT, or SOPH:

The massive yield incentive has attracted liquidity and boosted token demand significantly.

LISTA (Lista DAO) – DeFi Lending Protocol Rises 17.5%

LISTA gained 17.54% to $0.258, with a market cap of $74.7 million (#439). Formerly Helio Protocol, Lista DAO operates on BNB Chain and offers stablecoin lending and liquid staking services. Backed by a $10 million investment from YZi Labs, it enables users to borrow lisUSD using USD1 as collateral.

A strategic partnership with WLFI triggered a 60% spike earlier in May. Now in consolidation mode, LISTA continues to benefit from rising yields in its PancakeSwap liquidity pool—briefly exceeding 10% APY for lisUSD/USD1 pairs.

Institutional Adoption: Companies Keep Buying Bitcoin

Despite ETF outflows, corporate treasuries continue accumulating Bitcoin.

According to SoSoValue data, global non-mining public companies net purchased $196 million worth of BTC last week, outpacing ETF net inflows during the same period.

Key buyers:

Collectively, public firms now hold 636,960 BTC, valued at approximately $66.35 billion, representing 3.2% of Bitcoin’s circulating supply.

This sustained institutional interest signals growing confidence in Bitcoin as a long-term store of value.

Pendle Reaches Major Milestones: $50B Volume & $44.3B TVL

Pendle Finance has cemented its status as a leading yield-trading platform with two major achievements:

Co-founder TN Lee confirmed the milestone amid strong user demand for fixed-term yield products like PT-eUSDe (Aug 2025) and PT-USDe (Jul 2025)—both sold out within hours after their allocation limits were raised.

Additional highlights:

Pendle’s success reflects growing appetite for structured yield products in DeFi—a trend likely to accelerate as more users seek predictable returns in volatile markets.

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Frequently Asked Questions (FAQ)

Q: What is Pendle and why is it significant?
A: Pendle is a decentralized finance protocol that allows users to tokenize and trade future yield streams. Its recent milestone of $50B in trading volume highlights growing demand for structured yield products in crypto.

Q: Why did the BID token surge recently?
A: BID rose due to the launch of CreatorBid’s V2 launchpad, which introduced a decentralized voting system requiring users to lock BID for project curation—a move that increased utility and scarcity perception.

Q: Are Ethereum ETFs performing better than Bitcoin ETFs?
A: While Bitcoin ETFs have larger total assets, Ethereum ETFs have seen three straight weeks of net inflows totaling $286M last week—suggesting strong institutional confidence in ETH’s long-term potential.

Q: How does Sophon differ from other Layer 2 networks?
A: Sophon focuses specifically on gaming and entertainment applications using ZK Stack technology to deliver high throughput while abstracting blockchain complexity from end-users.

Q: Is corporate Bitcoin buying slowing down?
A: No—companies like Strategy and MetaPlanet are actively increasing their BTC holdings. Last week alone, non-mining firms net bought nearly $200M in Bitcoin despite ETF outflows.

Q: Can I earn yield on Pendle or similar platforms safely?
A: Yield platforms like Pendle offer high returns but come with smart contract and market risks. Always conduct due diligence and consider diversifying exposure across multiple protocols.

Final Outlook: Innovation Meets Institutional Confidence

The current crypto landscape reflects a maturing ecosystem where cutting-edge DeFi innovation coexists with growing institutional participation. From Pendle's record-breaking volume to CreatorBid’s community-powered launchpad model and sustained corporate BTC accumulation, multiple narratives are converging to drive sustainable growth.

As yield optimization becomes central to user strategy and Layer 2 solutions expand use cases beyond finance into gaming and AI, platforms enabling access to these trends will remain in focus.

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