$11B TVL for @pendle_fi is the clearest product-market signal for Fixed Yield yet.
Two weeks ago, it was $10B. Velocity > vanity.
Durable liquidity is what brings TradFi attention.
What makes this scale:
+ Composable fixed coupons plug into lending, LPs, and RWA rails
+ predictable cashflows push treasuries & PMs toward allocation
+ duration & credit hedging already forming as tradable primitives
Next choreography: custody + prime rails + large LP allocations.
Mainstream desks, big-ticket OTC, $1B/day inflows.
No rest. Higher!

$11B TVL for @pendle_fi 🥳
Just 2 weeks ago, we hit $10B TVL mark for the first time but we're not slowing down.
Fixed Yield’s potential is still enormous, with institutional adoption ramping up and TradFi liquidity on the horizon.
No rest just yet.
Higher!

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