According to official news from Pendle, driven by the expiration event on May 29, the weekly volume surpassed $1.42 billion, setting a new historical record.
BlockBeats News, on June 6, the incident involved up to $1.6 billion in TVL multiple asset vaults expiration, the highest liquidity retention rate in the history of the platform. According to the data, TVL fell briefly from $4.79 billion to $4.23 billion, rebounded to $4.45 billion within a week, and reached $4.62 billion by the deadline, and continued to grow steadily. In addition, 35% of maturing assets flowed into other Pendle pools within a week, showing increased user and fund stickiness. The platform has successfully processed US$1.15 billion of PT and US$236 million of LP redemptions. At present, stablecoin assets account for more than 83%, and fixed income APY is stable at 3%~12%, marking Pendle's shift from high volatility income to a more stable and sustainable income market. Pendle is gradually becoming a key platform for DeFi to export fixed income products to traditional finance, and is committed to opening the door to the $140 trillion global fixed income market with stablecoin-denominated income instruments.
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According to official news from Pendle, driven by the expiration event on May 29, the weekly volume surpassed $1.42 billion, setting a new historical record.
BlockBeats News, on June 6, the incident involved up to $1.6 billion in TVL multiple asset vaults expiration, the highest liquidity retention rate in the history of the platform. According to the data, TVL fell briefly from $4.79 billion to $4.23 billion, rebounded to $4.45 billion within a week, and reached $4.62 billion by the deadline, and continued to grow steadily. In addition, 35% of maturing assets flowed into other Pendle pools within a week, showing increased user and fund stickiness. The platform has successfully processed US$1.15 billion of PT and US$236 million of LP redemptions. At present, stablecoin assets account for more than 83%, and fixed income APY is stable at 3%~12%, marking Pendle's shift from high volatility income to a more stable and sustainable income market. Pendle is gradually becoming a key platform for DeFi to export fixed income products to traditional finance, and is committed to opening the door to the $140 trillion global fixed income market with stablecoin-denominated income instruments.