New ATH of TVL established on @pendle_fi - now at $6.75b. Pendle is no longer just a yield tokenization platform; it’s the king of DeFi yields. The latest integration with @Terminal_fi also demonstrates Pendle's increasing speed in adopting institutional assets. Thanks to @0xCheeezzyyyy for highlighting these traits on Pendle: + vePENDLE distribution is rapidly increasing (expected to surpass the ATH in May) + Revenue on Pendle is recorded as sustainable What lies ahead may be the Boros - the first-ever margin-enabled yield trading.
Cheeezzyyyy
Cheeezzyyyy28.7.2025
Seems like a massive repricing event is inevitable. Look where @pendle_fi stands today: 🔸ATH TVL ($7B) as the 8th largest DeFi protocol 🔸King of yields established as the go-to sector-value discovery platform for all emerging narratives 🔸Incoming first-of-its-kind yield trading w/ margin via V3 Boros 🔸Institutional forefront integration on @convergeonchain with day-1 pre-deposits enabled on @Terminal_fi's LP tokens 🔸vePENDLE at ATH supply 🔸Best stablecoin beta bet (thesis by @GLC_Research attached below) On top of all these, Pendle's institutional moat beyond DeFi is heavily underway. This second-order moat sets Pendle in its own league. Wtv clones out there isn't the same, you can't just for a 'pendle'. Pendle is no longer just a 'yield tokenisation platform', its made up of the brand & ecosystem that it has built over the past 2 years since V2 launch. Send it higher, $PENDLE. h/t @DefiLlama @coingecko for insights & references
11,33K