Pendle just hit $8.36b locked up, and if it were its own blockchain, it would be #3 in the world. That's bigger than Bitcoin, Tron, and BNB Chain. Only Ethereum and Solana would be ahead of us. Pretty crazy for something most people don't even know about. What Pendle actually does: @pendle_fi lets you split crypto that earns money into two parts: → the main token (like owning the house) → the earnings part (like getting the rent) So if you have Ethereum that's earning 5% per year, Pendle splits it so you can sell just the 5% part to someone else. Why people are putting billions into it: When crypto markets go crazy, people want to lock in their earnings or bet on them going higher. Let's say Ethereum staking might pay 3% or 8% next year. With Pendle you can: → sell your future earnings now for guaranteed money → or buy someone else's earnings if you think they'll go up ➜ It's like insurance for your crypto profits. The numbers are wild: If Pendle were a blockchain instead of just a DeFi app: Rankings by total value locked: ▸ Ethereum: $63-68b (#1) ▸ Solana: $10-12b (#2) ▸ Pendle: $8.36b (would be #3) ▸ Bitcoin: ~$7b (#4) ▸ Tron: $6-8b (#5) ▸ BNB Chain: $5-6b (#6) ➜ We'd be beating chains that have been around for years. It's everywhere now: Pendle isn't just on Ethereum alone: Breakdown by chain: → Ethereum: $7.63b (most of it) → Hyperliquid: $284m (growing fast) → BNB Chain: $278m → Arbitrum: $62m → Base: $37m → Sonic: $36m → Berachain: $27m → Mantle: $15m ➜ Works on basically every major blockchain. Why this matters: When an app gets bigger than entire blockchains, it means people really need what it does. Yield trading used to be super complicated. Pendle made it simple enough that regular people can do it. ➥ More money locked = deeper liquidity ➥ Deeper liquidity = better trading ➥ Better trading = more users ➥ More users = more money locked That's why billions of dollars are flowing in even while other DeFi apps are struggling. Bottom line: Sometimes the best crypto projects aren't new blockchains; they're just really good apps that solve real problems. Pendle proved you don't need to build a whole new chain to compete with the giants. ➜ You just need to solve something people actually want: making money predictably in unpredictable markets.