A look at TVL on @pendle_fi in 2025:
➡️ In early 2025, Pendle held $4.6B TVL across 4 chains.
➡️ As demand for structured yield rose & the protocol expanded to 8 chains, TVL peaked at $12.9B.
➡️ As DeFi activity slowed & average DeFi yields compressed, capital rotated out of dated markets, pulling TVL down to roughly $3.5B by year-end.
Read more on @pendle_fi in our yields issue from @real_obbwd: https://ournetwork.xyz/p/on-384-yield?utm_campaign=ournetwork#pendle…
Data via @tokenterminal

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