.@pendle_fi TVL has soared to a new ATHs of $8.42B, up 25% from its prev. $6.72B record.
This isn’t your typical 'price pamp → TVL up' phenomenon , it's fundamentally driven by solid stablecoin inflows.
If you look closely:
🔸71.9% TVL ($6.08B) sits in the largest stablecoins
🔸Amongst the top 3 pools, its @ethena_labs's $USDe which drives $6.01B here (~60% of USDe supply)
That's huge as it reflects the exceptional significance Pendle plays in one of the fastest-growing DeFi segments: Yield-bearing Stablecoins (YBS)
The value proposition of 'tokenising yields' doesn't stop here.
The open composability it offers is equally insane: ~$3.74B worth of PTs are collateralised on @aave which makes ~6.62% of Aave’s market size
And this is cap limited btw.
Demand is so strong that caps fill almost instantly & its only a matter of time once risk assessment expands them, expect another leg up.
Ngl it doesn't get more promising than this.
Pendle
h/t @DefiLlama @sentioxyz for the data insights
16.83K
102
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.