Pendle Leads the DeFi Fixed Income Wave, TVL and PT Market Cap Both Hit All-Time High
BlockBeats News, July 29th, according to Pendle Intern, on-chain data shows that Pendle platform's Total Value Locked (TVL) has surpassed $6.76 billion, reaching an All-Time High (ATH). The total market size of Principal Tokens (PTs) generated through Pendle has also reached $4.88 billion, with $3.87 billion used as collateral deployed in mainstream DeFi lending markets, including protocols such as Aave, Morpho, Euler Finance, and Silo Finance.
This trend not only highlights Pendle's dominant position in the fixed-income field but also indicates that DeFi is evolving from speculative yield to sustainable financial infrastructure.
The PT fixed-income mechanism driven by Pendle not only allows retail users to lock in medium to long-term stable income but also opens the door to institutional capital seeking risk-adjusted returns.
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