Pendle's Total Value Locked Surpasses $5 Billion, Strengthening DeFi Position

According to BlockBeats, decentralized yield protocol Pendle has announced that its total value locked (TVL) has once again exceeded $5 billion following the expiration of various asset pools. This milestone further solidifies Pendle's role in DeFi yield infrastructure. Currently, approximately $2.5 billion worth of Pendle PT is widely used as collateral in major currency markets, marking a 52% increase compared to four months ago, demonstrating strong growth momentum and high recognition in the DeFi market. Additionally, the functionality of Pendle LP (liquidity provider tokens) as collateral is no longer just a concept. With initial support from Silo Finance, Pendle LP has officially entered the collateral asset system, enhancing asset efficiency for users and expanding Pendle's practical application boundaries within the DeFi collateral lending ecosystem. In their anniversary statement, the Pendle team expressed, "Four years ago, we set out to reshape the DeFi yield model. Today, we still maintain the ambition and desire we had at the beginning."