Pendle has become one of the most impt defi legos - powering the growth of the largest yield bearing stables including @ethena_labs (USDe), @sparkdotfi (USDS), @maplefinance (syrupUSDC), and many others $2.5B of PT assets sit as collateral across money markets - in Aave, Euler, Kamino, etc In the past 49 days alone they've added $2B+ TVL. This puts Pendle on track to surpass previous ATH TVL of $6.7b by end of 2025 (and possibly well before) Congrats @tn_pendle on the relentless grind and building a defi powerhouse As he always says - job's not done!
TN | Pendle
TN | Pendle17.6.2025
Pendle just crossed $5B in TVL — powered in large part by our growing PT economy. Today, ~$2.5B worth of Pendle PT is being used as collateral across money markets, making up ~5% of ALL collateral - a 52% increase since 4 months ago
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