pendle finance: the yield trading powerhouse hitting new heights in 2025 been deep in the pendle ecosystem for a while now, and it’s clear what started as a niche yield splitter is now the largest yield trading platform in crypto. tvl just hit $6.757b. up from $2b lows last year. this is a structural shift and not a trend in how defi trades, hedges, and speculates on yield. if you’re still farming manually without pt/yt flow... you're leaving alpha behind. the pendle boom: new aths + the real drivers current tvl breakdown: ethereum: $6.315b bsc: $270.48m arbitrum: $53.99m base: $41.4m sonic: $34.73m growth here is not just market noise.. it’s stablecoins, ai integrations, and cross-chain scaling converging fast. stablecoin tvl alone is up 60x to $3.4b+. ethena’s susde and hyperliquid’s hlp vaults are leading the way. pendle’s model is simple: pt = fixed yield yt = speculative upside you choose your exposure. key recent plays worth tracking 🔹 hyperliquid integration (jul 23) hyperwave hwhlp pool launched.. trading yield on hyperliquid’s hlp vault (around 9.1% apy). bonus: 4x wave points + no fees. 🔹 reth on base (jul 24) new reth maturity live via rocketpool x alphagrowth. exclusive rewards make this an lsd play worth watching. 🔹 susde still king the 26 sep 2025 maturity is pulling heavy weight. if you know, you know. (kang ji-su level stuff.) tvl rollover in h1 hit $7.8b.. up 25% from the last peak. all signs of sustainable volume, not mercenary yield chasing. how i’m playing yt-susde for 15%+ this has been one of the most consistent strategies in my rotation. focus on 30 jul or 26 sep maturities.. tons of liquidity ($64m+), tight spreads. here’s the flow: entry: grab yt-susde when implied apy spikes. 15.4%+ is common, but catch the dip entries at 10–12% for flips. this works best after ena rallies or ethena points drops. pairing: stack this with @ethena_labs .. you get base interest (10%+), ethena rewards, and pendle points. zap feature makes entry instant. risk mgmt: yt can go to zero if underlying apy tanks. that’s the game. for stable plays, just hold pt and collect fixed %. example: $10k susde → buy yt at 15.4% → ena pumps → 2–3% profit in a few days + points + base yield. upside can hit 20%+ with hyper expansions. this strategy’s hit 15–20% consistently for me. far stronger than vanilla staking. why pendle leads defi summer 2.0 pendle is building the fixed income layer of defi. and it’s winning. ai-powered trade automation is coming. multi-chain growth is already here. solana pilot pools whisper about $14b targets. big drivers: institutional inflows into stable yields $pendle upside (trading ~$4.60 now, but forecasts hitting $12 eoy) electric ecosystem.. from @PendleIntern memes to actual onchain flow $7.8b in maturing tvl this year alone. it is happening no longer a theory if you’re in defi, pendle is foundational not optional @tn_pendle ath post below (co founder)

lastly, tagging fellow pendiddlers like me : @tn_pendle @imkenchia @gabavineb @_whalebird @DDangleDan @pendle_grandma @Dill_Farmer @crypto_linn @eli5_defi @defi_mago @phtevenstrong @PendleIntern @TheDeFiPlug @0xTindorr @hzl123331 @ViNc2453 @NewPaguinfo @DaoChemist @thelearningpill @YashasEdu @zerototom @Rightsideonly @poopmandefi @kenodnb @quant_sheep @Milk_Trudge @Neoo_Nav @2lambro @PenguinWeb3 @belizardd @SherifDefi @Jonasoeth @JiraiyaReal @KazumaxCrypto @gdog97_ @ConorRyder @lingchenjaneliu @sshxbt @0xCheeezzyyyy