Pendle 2025 Q3 Performance Report: TVL Surpasses 8.7 Billion, Trading Volume Up by 236%

By: theblockbeats.news|2025/11/18 20:15:48

BlockBeats News, November 18, Cryptocurrency yield aggregator Pendle jointly released the 2025 Q3 report with Token Terminal:

1. Total Value Locked (TVL) reached $8.75 billion, a 118.8% increase compared to the previous period, with stablecoins accounting for over 80% and serving as a core support.

2. Nominal trading volume surpassed $233.9 billion, a 236.1% increase compared to the previous period, hitting a monthly peak of $110 billion in September.

3. Protocol revenue was $9.14 million, with fees of $9.53 million, representing a 54.1% and 58.0% increase, respectively, with vePendle holders averaging a 35%-40% APR.

4. Monthly active users increased to 29,200, spanning 8 blockchains, with Ethereum and HyperEVM being the main user hubs.

Pendle has now become the second-largest protocol on the Plasma chain, with a TVL of nearly $1 billion, accounting for 30% of the chain's total value locked. Leading protocols such as USDai and Ethena have leveraged its liquidity, with over 45% of PT tokens used for money market collateral.

In the fourth quarter, Pendle will advance cross-chain expansion to non-EVM ecosystems like Solana, expand Boros to support assets like HYPE, optimize limit order functionality, and drive the deployment of a fully permissionless and compliant version of the protocol.

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

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