PENDLE has been included in the Bloomberg Galaxy DeFi Index, and its Boros protocol has received recognition from Arthur Hayes.

On December 1st, official sources confirm that PENDLE has been added to the Bloomberg Galaxy DeFi Index. Additionally, Arthur Hayes noted in his essay *Adapt or Die* that TradFi is fighting to keep its dominant spot in stock trading. Eventually, all stocks—even the entire stock market—will be tokenized, but the success of stock perpetual futures doesn’t depend on waiting for equity tokenization to happen. Daily trading volume for stock perpetual futures has already topped $100 million, and as traders and liquidity providers grow more familiar with contract specs, billions in daily volume are on the horizon. Stock perpetual futures will emerge as a key tool for institutions and retail investors to hedge weekend risk, which will push major U.S. exchanges to speed up their shift to 24/7 trading. A strong entrepreneurial opportunity lies in building a derivative that lets retail investors speculate on interest rates in an entirely new way—and the Pendle team is focused on this, with its Boros protocol quickly gaining traction.