Pendle Hits $50B Trading Volume as BID Surges Nearly 100% in 3 Days

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The cryptocurrency market continues to evolve with shifting momentum across major assets and emerging protocols. On June 3, Bitcoin (BTC) showed signs of consolidation after a brief rally, while Ethereum (ETH) maintained strength amid sustained institutional inflows. Amid this dynamic landscape, DeFi innovator Pendle has reached a major milestone, surpassing $50 billion in cumulative trading volume**, with its Total Value Locked (TVL) climbing to **$44.3 billion. At the same time, CreatorBid’s BID token has surged nearly 100% over the past three days, emerging as one of the top-performing altcoins.

Market Overview: BTC Consolidates, ETH Holds Strong

Bitcoin: Narrow Range Amid ETF Outflows

Bitcoin traded in a tight range on June 3, briefly touching $106,500 before pulling back. The resistance at the daily Bollinger Band middle rail remains strong, suggesting potential for sideways or slightly bearish movement in the near term. Despite short-term volatility, long-term institutional interest remains robust.

Notably, BTC ETFs saw net outflows of $2.67 billion on June 2**, with BlackRock’s IBIT shedding $1.3 billion and Fidelity’s FBTC losing $501 million. Over the past three trading days, total outflows exceeded **$10 billion, reflecting profit-taking or portfolio rebalancing.

However, this retail and ETF cooling contrasts sharply with corporate accumulation trends — a signal of enduring confidence among strategic investors.

👉 Discover how institutional strategies are shaping the next phase of crypto growth.

Ethereum: ETF Inflows Fuel Resilience

Ethereum has held firm within the $2,300–$2,700 range over the past three weeks. Recent optimism stems from strong net inflows into spot ETH ETFs, with yesterday alone seeing **$78.7 million in fresh capital**. BlackRock’s ETHA led the charge with $48.9 million in inflows, followed by Fidelity’s FETH at $29.8 million.

The broader ETH ecosystem also shows strength:

With the ETF net asset ratio reaching 3.04% of ETH’s total market cap, institutional adoption is gaining traction. The psychological resistance at $2,700 remains key — a breakout could signal renewed bullish momentum.

Altcoins: Mixed Performance Without Unified Narrative

The broader altcoin market showed fragmented price action, lacking a cohesive narrative to drive broad-based gains. The Fear & Greed Index sits at 58, indicating a balanced, rational market mood compared to recent euphoria.

Notable gainers include BID, SOPH, and LISTA, each driven by platform upgrades, yield incentives, or strategic partnerships.

Spotlight on High-Performing Tokens

BID (CreatorBid): Up 62% in 24H, Approaching Double from May Lows

The BID token surged 61.92% to $0.058, with a circulating market cap of **$15.95 million**, ranking #929 globally. This rally marks a near-doubling from late May levels.

Launched in January via a public sale on Base chain at $0.025 per BID**, CreatorBid raised **$2.5 million within three minutes, showcasing strong community demand.

Today, the team launched Launchpad V2, introducing a decentralized curation model called "Curate with BID." Key features:

Additional plans for June include:

This shift toward community governance is fueling speculation and participation — a powerful catalyst in today’s decentralized finance landscape.

👉 See how next-gen launchpads are redefining fair token distribution.

SOPH (Sophon): ZK-Powered L2 Gains Traction

SOPH rose 34.87% to $0.071, with a market cap of **$135 million** (#357). After bottoming near $0.047 on June 1, it has rallied sharply over three days.

Sophon Network is a high-performance Layer 2 built using ZK Stack technology, focused on making blockchain invisible for mainstream entertainment applications. Inspired by the “Sophon” supercomputer from Liu Cixin’s The Three-Body Problem, the project aims to deliver seamless, high-speed experiences.

Currently, SOPH is active in Gate.io’s Launchpool, offering attractive staking yields:

Such high rewards have driven demand and liquidity, contributing significantly to price appreciation.

LISTA (Lista DAO): Stablecoin DeFi Protocol Gains Momentum

LISTA climbed 17.54% to $0.258, with a market cap of **$74.7 million (#439). Formerly known as Helio Protocol, Lista DAO operates on BNB Chain**, offering stablecoin lending and liquid staking services.

Backed by a $10 million investment from YZi Labs, LISTA enables users to:

On May 21, Lista announced a strategic partnership with WLFI, integrating USD1 as collateral for minting lisUSD. The lisUSD/USD1 pool briefly offered over 10% APY on PancakeSwap, sparking a 60% single-day spike. The token is now consolidating after the surge.

Alpha Insights: Institutional Accumulation & DeFi Milestones

Corporations Buy $196M Worth of BTC Last Week

Despite ETF outflows, global corporations continued buying Bitcoin. According to SoSoValue:

Total corporate BTC holdings (excluding miners) now stand at 636,960 BTC, valued at $66.35 billion, representing 3.2% of circulating supply — a testament to growing institutional conviction.

Pendle Reaches $50B Trading Volume Milestone

Pendle’s growth remains one of DeFi’s most compelling stories in 2025. Co-founder TN Lee confirmed:

Demand for fixed-term yield tokens (PTs) remains strong:

Upcoming developments:

The PENDLE token now trades at $4.30**, up over **130% from early March lows**, with a market cap of **$1.188 billion (#72).

ETH ETF Trends: Third Week of Net Inflows

Farside data shows:

With total assets under management at $9.45 billion, ETH ETFs are establishing deeper market roots — reinforcing long-term bullish sentiment.

Frequently Asked Questions (FAQ)

Q: What is Pendle and why is it significant?
A: Pendle is a DeFi protocol specializing in yield tokenization and fixed-term trading. Its $50B+ trading volume and $44.3B TVL reflect strong adoption of structured yield products.

Q: Why did BID surge recently?
A: The surge followed the launch of CreatorBid’s V2 launchpad, which introduced decentralized project curation using BID staking — increasing utility and community engagement.

Q: Are ETH ETF inflows sustainable?
A: Yes — three consecutive weeks of net inflows suggest growing institutional confidence, especially from BlackRock and Fidelity.

Q: How does corporate Bitcoin buying impact price?
A: Large-scale accumulation by firms like Strategy and MetaPlanet reduces circulating supply, potentially driving upward pressure during periods of demand recovery.

Q: What makes SOPH different from other L2s?
A: SOPH focuses on "invisible blockchain" experiences using ZK Stack tech, targeting entertainment apps where speed and simplicity are critical.

Q: Is LISTA a good DeFi play?
A: Yes — backed by YZi Labs and offering real yield through stablecoin lending and governance, LISTA combines innovation with tangible utility on BNB Chain.

The crypto market may be consolidating, but innovation and institutional adoption continue to advance beneath the surface. From Pendle’s DeFi breakthroughs to BID’s explosive momentum and corporate Bitcoin accumulation, the foundation for the next growth phase is being laid — one block at a time.

👉 Stay ahead of the curve with tools that track real-time DeFi and institutional trends.