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Pendle Co-Founder: Pendle's TVL still reached a new high of $7 billion after over $1.5 billion in Lock-up Position assets expired, and the enhanced TVL retention ability reflects the market's deepening trust in Pendle's assets.
Pendle experienced its largest maturity event last week, with over $1.5 billion in Lock-up Position value maturing, and the TVL climbing to an all-time high. 87% of the maturing TVL comes from Ethena Labs, significantly enhancing Pendle's TVL retention capability, reflecting the market's deepening trust in it. In July 2025, vePENDLE fee revenue surged year-on-year, indicating Pendle PT's elevated status in Decentralized Finance.
PENDLE3.27%