$PENDLE: TVL Breakout, Fees Accelerate, Multiples Compress
- TVL hits $10B (+28% from $7.8B since last coverage), setting a new ATH.
- Trading at an FDV of $1.7B, +11% WoW and +13% since last coverage ($1.5B).
- 30D revenue at $6.6M (+53% from $4.3M since last coverage), ≈$80.3M annualized; FDV/fees multiple compresses 27× → 21×.
- HyperEVM TVL surges $100M → $540M (+440%), while stablecoin deployments expand via stcUSD and atvUSDC.
- Strata integrates PT-pUSDe; Sonic’s x33 relaunch
- Pendle adopts Chainlink standard for Boros; $140M notional volume in its first week of launch.
- Boros roadmap points to Sol, BNB, Bybit, Hyperliquid, with collateralized funding and shariah compliant products.
- Forward: Watch Boros exchange integrations, HyperEVM scaling, and Pendle’s adoption cycle driving fee trajectory.
@pendle_fi
$PENDLE: TVL Hits $7.8B ATH, Boros Launches, Yield Infra Expands
- $PENDLE up +20% (24h), +32% (7d), trading at $1.5B FDV.
- TVL rose +56% in 30 days to $7.8B; 30d revenue $4.3M, annualized $52M → ≈27x FDV/fees multiple.
- Boros launched enabling onchain funding rate trading for BTC/ETH perp markets.
- Ethena/Aave PT-USDe looping fuels ecosystem: $3.7B USDe supply growth in 20 days, $3.3B+ PT-USDe collateral on Aave.
- HyperEVM TVL surpasses $100M; new pools offer 14-25% APYs with boosted incentives.
- Incentive model updated: dynamic caps based on fee contribution, swap fees cut to ~1.3%.
- Euler Finance supports new PT tokens as collateral, expanding borrowing options.
- AEON partnership enables $PENDLE payments at 20M+ merchants globally.
- Forward: Pendle’s expanding fixed yield infrastructure, institutional ready Boros product, and growing crosschain presence position it to capture major stablecoin yield market growth through 2030.
@pendle_fi
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