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Pendle releases third quarter report: TVL averages $8.75 billion, a quarter-on-quarter increase of 118.8%.
ChainCatcher news, the Crypto Assets yield trading platform Pendle has released its third quarter report, showing an average Total Value Locked (TVL) of $8.75 billion in the third quarter, up from $3.99 billion in the second quarter, with stablecoins accounting for approximately 80% of the TVL. It currently ranks second on Plasma, with a Total Value Locked (TVL) close to $1 billion (about 30% of the entire chain). In addition, Pendle's nominal trading volume in the third quarter was $23.39 billion, with fees of $9.53 million, revenue of $9.14 million, and monthly active users of 292,000, all key indicators showing growth.