- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Pendle 2025 Q3 Performance Report: TVL Surpasses 8.7 Billion, Trading Volume Up by 236%
BlockBeats News, November 18, Cryptocurrency yield aggregator Pendle jointly released the 2025 Q3 report with Token Terminal:
1. Total Value Locked (TVL) reached $8.75 billion, a 118.8% increase compared to the previous period, with stablecoins accounting for over 80% and serving as a core support.
2. Nominal trading volume surpassed $233.9 billion, a 236.1% increase compared to the previous period, hitting a monthly peak of $110 billion in September.
3. Protocol revenue was $9.14 million, with fees of $9.53 million, representing a 54.1% and 58.0% increase, respectively, with vePendle holders averaging a 35%-40% APR.
4. Monthly active users increased to 29,200, spanning 8 blockchains, with Ethereum and HyperEVM being the main user hubs.
Pendle has now become the second-largest protocol on the Plasma chain, with a TVL of nearly $1 billion, accounting for 30% of the chain's total value locked. Leading protocols such as USDai and Ethena have leveraged its liquidity, with over 45% of PT tokens used for money market collateral.
In the fourth quarter, Pendle will advance cross-chain expansion to non-EVM ecosystems like Solana, expand Boros to support assets like HYPE, optimize limit order functionality, and drive the deployment of a fully permissionless and compliant version of the protocol.
You may also like
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
After a 48-hour ban, Claude reached the top of the App Store
If this is the beginning of the triple halving, what are top investors saying about what to expect?
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Pantera Capital Partner: The Financial Trajectory of AI Agents
In the next 5 years, Vitalik will scale Ethereum like this
Sam Altman and the End of the World Capitalism
Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
Why is it said that there are structural opportunities in encrypted AI?
Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
Consumer application issues
Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish
Legendary investor Naval: In the AI era, traditional software engineers have no value?
App