Pendle’s Total Value Locked Surpasses $10 Billion

Pendle, a yield tokenization protocol, has surpassed the $10.26 billion threshold for total value locked (TVL), according to data from DefiLlama. This significant achievement reflects increased user adoption and confidence in the platform’s offerings. Pendle’s annualized fee revenue stands at $78.19 million, while its annualized yield totals $77.02 million. Additionally, Pendle’s fully diluted valuation (FDV) is $761 million, and trading volume over the past 24 hours reached $180 million.