Pendle has reached a new milestone, showing a total value locked (TVL) of $8.31 billion. This is three times more than in April 2025.
Record Growth of Pendle TVL
The total value locked (TVL) in Pendle has reached $8.31 billion, demonstrating a rapid growth in user interest and capital inflow. This figure surpasses the combined TVL of significant Layer-1 blockchains such as Sui, Aptos, and Sei.
Reasons for Pendle's Success
The growth of Pendle's TVL is driven by increasing interest in yield trading, where users lock assets to speculate or hedge on future yields. This innovative model has attracted both retail and institutional participants seeking higher returns in a volatile crypto market. In addition, Pendle's integration with major liquidity providers and expansion across multiple chains have boosted its reach.
Future of Pendle in DeFi
With the achievement of the $8.31 billion milestone, analysts are watching to see if Pendle can sustain its momentum. The current DeFi climate is competitive, but Pendle's growth trajectory suggests it could become a dominant player in yield-based DeFi strategies.
Pendle demonstrates outstanding growth and adaptation in the challenging DeFi environment. Observing its further development will be interesting, especially in light of the current dynamics and competition.
