Pendle TVL breaks through $12 billion, setting a record high
Source: BlockBeats
Time: 2025-09-10 19:20:09
According to BlockBeats, on September 10, Pendle co-founder TN Lee posted a statement saying that Pendle TVL exceeded US$12 billion, continuing to hit a record high. Just 5 days ago, Pendle TVL exceeded $11 billion. With the continuous increase in institutional adoption rates and the imminent emergence of traditional financial liquidity, the potential for fixed income remains huge, and Pendle's PT-USDe (November 27, 2025) was immediately snatched up after Aave went online. TN Lee said Pendle’s rapid and robust growth from a niche experiment to the cornerstone of DeFi, the protocol’s rapid and robust growth is first attributed to the community. $12 billion TVL is not the end of growth, and Pendle is confident to go further.