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Pendle TVL Surpasses $11 Billion, Sets New All-Time High
BlockBeats News, September 5th, Pendle co-founder TN Lee announced that Pendle TVL has surpassed $11 billion, reaching a new all-time high. Just two weeks ago, Pendle first reached the $10 billion TVL milestone, but the team did not slow down. With the increasing institutional adoption and the imminent arrival of traditional finance liquidity, the potential for fixed income is still enormous.
TN Lee stated that Pendle has evolved from a niche experiment to a cornerstone of DeFi, and the protocol's rapid and robust growth is primarily attributable to the community. The $11 billion TVL is not the end of the growth, and Pendle is confident in going even further.
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