Compare Pendle and pump.fun on TVL, fees, revenue and activity to understand how these projects stack up.
$1.105B
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.
pump.fun is a launchpad on Solana that lets anyone create a token and make it instantly tradeable in one click, for free. Famous for powering the memecoin boom, pump.fun has launched millions of tokens and has become a major driver of activity on Solana. Coins can also 'graduate' to decentralized exchanges, making pump.fun the ground zero for rapid token creation and trading.