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

2025.09.10 19:24:31

On September 10th, TN Lee, a co-founder of Pendle, posted that the TVL of Pendle has exceeded $12 billion, reaching a new all-time high. Just 5 days prior to this, the TVL of Pendle exceeded $11 billion. With the increasing institutional adoption and the upcoming traditional finance liquidity mining, the potential for fixed income remains huge. Immediately after its launch, the PT-USDe (November 27, 2025) of Pendle used as collateral was fully utilized on Aave. TN Lee stated that Pendle, which has evolved 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 achieving even greater heights.
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