Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut
Main Idea
Pendle's total value locked (TVL) reached a record $8.27 billion, and its native token PENDLE surged 45% following the launch of its new yield-trading platform, Boros.
Key Points
1. Pendle's TVL hit a record $8.27 billion, with its PENDLE token rising 45% to $5.6 over the past week.
2. The new yield-trading platform, Boros, attracted over 283 WETH ($1.1 million) and 6.4 WBTC ($750,000) in deposits within its first two days.
3. Activity on Pendle’s Arbitrum deployment spiked, with active addresses reaching 1,428, well above the monthly average.
4. Boros currently supports BTC and ETH funding rates, with plans to expand to the Hyperliquid ecosystem.
5. Kinetiq’s kHYPE, the largest liquid staking token on Hyperliquid’s HyperEVM, has attracted $221 million in total value locked since Pendle's integration.
Description
Pendle’s total value locked (TVL) has surged to a record $8.27 billion , while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform . With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts. Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting trade...
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