Crypto yield platform Pendle has experienced a massive boost in liquidity, growing its Total Value Locked (TVL) to $318 million just four days after launching on the Plasma blockchain. This marks one of the fastest growth spurts ever recorded on a new chain in DeFi. Analysts attribute this surge to Pendle’s adaptive platform design and the increasing demand for capital-efficient, yield-based strategies in the decentralized finance space.
A key driver behind the rapid growth has been the seamless integration between Pendle’s platform and Plasma’s stablecoin-native infrastructure. Launched with a comprehensive suite of yield markets, Pendle provided immediate access to differentiated strategies and maturities for users.
Pendle’s success on Plasma is further bolstered by a generous incentive program including exclusive rewards tied to its native XPL token. This has attracted both liquidity providers and traders to the platform, creating a powerful feedback loop that fuels continued growth.