Spartan Group, a leading digital asset research institution, has released a report predicting significant growth for Pendle Finance’s Total Value Locked (TVL). Their projections anticipate a TVL of up to $20 billion. This estimation is based on the protocol capturing 25% of the stablecoin market yield opportunity. While the industry experiences volatility, Pendle continues its development activities, evident through high GitHub engagement by founder TN Lee and team. However, no direct statements have been made about these projections from key executives. Spartan Group projects Pendle Finance’s TVL reaching $20 billion, potentially resulting in annual revenue exceeding $200 million – leading to a protocol valuation exceeding $6 billion based on a 30x revenue multiple. This forecast is already influencing the market’s perspective and may impact the valuation of governance tokens. Increased TVL could lead to Pendle Finance’s valuation surpassing $6 billion. A potential 30x revenue multiple suggests this would be achievable if the $20 billion TVL goal is met. Historical DeFi trends indicate likely growth in revenue and protocol integrations, potentially impacting stablecoins like USDC and USDT. This information has prompted significant movement within the DeFi landscape.