Pendle Protocol TVL Tops $10.26B Amid Strong Revenue Growth
Pendle protocol’s total value locked (TVL) has climbed above $10.26 billion, according to DeFiLlama data. This milestone reflects robust demand for its yield tokenization services. Annualized fee revenue stands at $78.19 million, while projected annual yield revenue is $77.02 million. Fully diluted valuation (FDV) is $761 million, and 24-hour trading volume reached $180 million. As a leading DeFi project, Pendle protocol continues to attract capital by offering users innovative ways to trade future yields. Traders should watch for TVL trends and revenue metrics as indicators of protocol health and market sentiment.
Bullish
Pendle protocol’s TVL surge and solid fee revenue signal growing user confidence in yield tokenization. Historically, DeFi projects that cross the $10 billion TVL mark often draw more liquidity and attention from institutional and retail investors, driving token demand. Continued revenue growth and high trading volumes suggest strong protocol fundamentals. In the short term, TVL momentum may lead to price appreciation for the PENDLE token. Over the long term, sustained demand for yield trading products could further bolster market sentiment for Pendle and similar DeFi protocols.