Pendle Hits New All-Time High TVL of $9.2 Billion, Market Adoption and Trust in Pendle Deepen
BlockBeats News, August 18, Pendle founder TN posted on social media, stating that just three weeks ago Pendle Finance had completed a $1.5 billion asset maturity settlement, after which TVL (Total Value Locked) quickly rebounded to a historical new high of $7 billion.
Last week, another $898 million in assets matured, and Pendle once again surged, setting a new record with a $9.2 billion TVL. In the week of August 14, approximately $1 billion had already started to rotate/migrate. Including this settlement, the total amount reached $1.81 billion, making it the second-largest maturity event in Pendle's history. Nevertheless, only $260 million (-2.9%) flowed out, and it lasted only 2 days (August 13-15).
The focus of this maturity event is Ethena Labs' USDe (maturing in September 2025), which has now become Pendle's largest pool ever, with a TVL of $3.36 billion. This growth was made possible by:
· No deposit limit in the market
· Aave raising the deposit limit of this PT to $1.4 billion
· 14.5% stablecoin fixed Annual Percentage Yield (APY), arguably the best (or close to the best) risk-return ratio in the current DeFi market
Looking ahead, Pendle is actively expanding more assets and trading platforms on Boros to enrich market choices. In the Principal Token (PT) field, Pendle's next stop is cross-chain expansion. Earlier this year, Pendle mentioned surpassing Ethereum (including EVM and non-EVM chains), and this is just the first step. Despite the growing size and frequency of maturities, funds are still flowing back continuously, and the stickiness is increasing—this proves that Pendle is increasingly trusted and adopted, becoming the core infrastructure driving DeFi revenue.
You may also like

Dialogue Michael Saylor: The cost of holding strategy has no substantial meaning, Bitcoin's utility is high, so its volatility is large

When everyone is selling software stocks, HSBC says you are wrong

Will 99% of tokens go to zero?

How did the great detective ZachXBT become adept at solving bizarre cases?

The cryptocurrency crash that evaporated 40 billion dollars, some people knew the outcome 10 minutes in advance

Institutions are embracing cryptocurrency, but practitioners are unusually frustrated. Who will ultimately win?

Morning Report | Bitwise acquires Chorus One; Circle announces Q4 2025 and full-year performance; Stripe initiates share buyback at a valuation of $159 billion

Vitalik Chiang Mai Dialogue: The Explosion of Artificial Intelligence, What Should Crypto Fight For?

Stock price rises over 35%! Circle's financial report exceeds expectations: USDC circulation surges by 72%

A transaction of $0.1 can cause Polymarket market makers to lose everything

The AWS of the Financial World: Why It Becomes the Biggest Winner in the Era of AI + Stablecoins

Token goes overseas, selling Chinese electricity to the world

Morning Report | Kalshi publicly punishes insider trading for the first time; STS Digital completes $30 million financing; American Bitcoin announces 2025 financial report

The handover of the payment industry: The hundred billion unicorn Stripe may swallow PayPal, heavily investing in stablecoins and AI

The price of Aave has dropped over 82% from its peak, and an ecosystem contributor has revealed the current operational status in a lengthy article

It's 2026, how should we reasonably assess the market value of L1?

Why did Bitcoin, which was supposed to hit $150,000, get cut in half, and the mastermind behind it is actually Jane Street?
