Pendle TVL Surpasses $12 Billion, Setting a New All-Time High

BlockBeats News, September 10th, Pendle co-founder TN Lee posted that Pendle's TVL has surpassed $12 billion, hitting a new all-time high. Just 5 days ago, Pendle's TVL exceeded $11 billion. With the increasing institutional adoption and the upcoming traditional finance liquidity mining, the potential for fixed income is still huge. Pendle's PT-USDe (November 27, 2025) as collateral was immediately fully utilized on Aave after its launch.

TN Lee stated that Pendle, from a niche experiment to a cornerstone of DeFi, owes its rapid and robust growth primarily to the community. The $12 billion TVL is not the end of growth; Pendle is confident in going even further.