Alpha Recap #26: Coinbase Acquires USDH, Yield Opportunity, and a Shift in Pre-IPO Markets
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USPendle - Protocol Analytics
Explore Pendle, a Protocol with $1,186,026,819.01 in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
PEPendle
protocol
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About Pendle
PEPENDLE$1.47
4.17%
Pendle splits yield‑bearing tokens into Principal (PT) and Yield (YT) tokens, enabling users to lock in fixed rates or speculate on future yield. A permissionless AMM with a custom logit bonding curve lets YT premiums track forward‑looking yield expectations. Pendle TVL grew 10× in 2024 on the back of LST and RWA integrations, and PENDLE governance now controls a large veToken bribe market.
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Blockchains supporting Pendle
| Blockchain | TVL | 24h | 7d |
|---|---|---|---|
 ETEthereum | $39,374,457,121 | +1.05% | +6.56% |
 BABase | $4,247,725,177 | -0.31% | +10.00% |
 HYHyperliquid L1 | $1,617,755,152 | +5.21% | +14.41% |
 ARArbitrum | $1,295,479,065 | -1.40% | +3.97% |
 PLPlasma | $735,120,542 | +0.48% | -2.22% |
 AVAvalanche | $479,309,611 | -1.46% | +2.31% |
 MAMantle | $151,160,241 | -0.67% | -2.54% |
 BEBerachain | $52,126,362 | -1.44% | -2.51% |
 SOSonic | $21,615,168 | -0.73% | +2.64% |