Pendle released its third quarter report: TVL averaged $8.75 billion, a quarter-on-quarter increase of 118.8%.

MarsBitNews

2025-11-18 03:14:56

According to Mars Finance news, the Crypto Assets yield trading platform Pendle released its third-quarter report, showing that its Total Value Locked (TVL) averaged $8.75 billion in the third quarter, up from $3.99 billion in the second quarter, with stablecoins accounting for about 80% of the TVL. It currently ranks second on Plasma, with a Total Value Locked (TVL) close to $1 billion (approximately 30% of the entire chain). In addition, Pendle's nominal volume in the third quarter was $23.39 billion, with fees of $9.53 million, revenue of $9.14 million, and 292,000 monthly active users, with key indicators all showing growth.

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