On July 4, according to @ai_9684xtpa's monitoring, Pendle TVL has decreased by about 43% in the past week, from the highest point of US$6.24 billion on June 27 to only US$3.54 billion today. Its data panel shows that the average daily TVL has decreased by US$123 million compared with yesterday.
The biggest reasons should be two points: On June 27, a large number of LRT PTs expired, resulting in capital withdrawal: Justin Sun alone redeemed $293 million in tokens. The PT/YT yield plummeted: The PT yield fell below 10%, and the new coin launch of the pledge agreement was not as expected, which significantly reduced the demand for YT purchases.
