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 $1,607,229,619.84 in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
PEPendle
protocol
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About Pendle
PEPENDLE$1.92
3.48%
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 | $42,886,393,870 | +0.41% | -1.20% |
 BABase | $4,494,652,475 | -0.19% | +0.71% |
 HYHyperliquid L1 | $1,638,642,648 | -4.36% | +4.72% |
 ARArbitrum | $1,501,576,361 | -0.28% | +2.34% |
 PLPlasma | $809,862,050 | -3.30% | +20.14% |
 AVAvalanche | $628,024,732 | -0.67% | +0.76% |
 MAMantle | $229,324,128 | -0.79% | +2.44% |
 BEBerachain | $69,221,214 | -16.54% | -0.81% |
 SOSonic | $30,098,082 | -5.21% | -9.32% |