Post by linnorm about Pendle V2 ($PENDLE), JITO ($JTO), and GMX V2 Perps ($GMX)

$PENDLE shows consistent liquidity flows, with its price up nearly 38% over the last month. Its market cap is $407.3M. The platform recently enabled cross-chain deployments to Optimism, enhancing its reach for yield tokenization. This expansion diversifies where money can flow, providing new avenues for separating principal and yield tokens across more chains.

$JTO has seen a significant boost, rising 23.3% this week, with a current price of $0.5566451454540733. Its market cap sits at $263.9M. This recent momentum follows strong performance for liquid restaking tokens generally. Jito's continued focus on Solana liquid staking and MEV capture positions it well within the current hunt for real yield.

$GMX price shows a modest gain this month, up 4.8%, but its $83.4M market cap reflects a smaller pool of capital. Recent discussions around fee switch implementation for its V2 platform have yet to materialize. Without a clear path to enhanced revenue capture for $GMX holders, the value proposition remains tied to trading volume rather than direct protocol earnings.