02:43
Pendle releases third quarter report: TVL averages $8.75 billion, a quarter-on-quarter increase of 118.8%.
ChainCatcher news, the Crypto Assets yield trading platform Pendle has released its third quarter report, showing an average Total Value Locked (TVL) of 8.75 billion USD in the third quarter, up from 3.99 billion USD in the second quarter, with stablecoins accounting for about 80% of the TVL. Currently, it ranks second on Plasma, with a Total Value Locked (TVL) close to 1 billion USD (approximately 30% of the entire chain).
In addition, Pendle's nominal trading volume in the third quarter was $23.39 billion, with fees of $9.53 million, revenue of $9.14 million, and monthly active users of 292,000, with key metrics showing growth.
PENDLE-2.73%

