Lookonchain APP

App Store

Pendle 2025 Q3 Performance Report: TVL Surpasses 8.7 Billion, Trading Volume Up by 236%

2025.11.18 19:56:30

On November 18th, the cryptocurrency yield aggregator Pendle jointly released the Q3 report for 2025 with Token Terminal: 1. The Total Value Locked (TVL) reached $8.75 billion, showing a 118.8% increase compared to the previous period. Stablecoins accounted for over 80% and served as a core support. 2. The nominal trading volume exceeded $233.9 billion, with a 236.1% increase compared to the previous period. It reached a monthly peak of $110 billion in September. 3. The protocol revenue was $9.14 million, and the fees were $9.53 million, representing a 54.1% and 58.0% increase respectively. The vePendle holders averaged an APR of 35%-40%. 4. The monthly active users increased to 29,200, spanning 8 blockchains. Ethereum and HyperEVM were the main user hubs. Pendle has now become the second-largest protocol on the Plasma chain, with a TVL of nearly $1 billion, accounting for 30% of the chain's total value locked. Leading protocols such as USDai and Ethena have utilized its liquidity, and over 45% of the PT tokens were used for money market collateral. In the fourth quarter, Pendle will advance cross-chain expansion to non-EVM ecosystems like Solana, expand Boros to support assets like HYPE, optimize limit order functionality, and promote the deployment of a fully permissionless and compliant version of the protocol.
Relevant content

Gold Price Wipes Out Year-to-Date Gains, International Gold Price Continues to Decline

June 10 — International gold prices extended their decline through European trading on the same day, after a slump during the early Asian session earlier that day. The metal briefly dropped below the $4,200-per-ounce level, wiping out all gains for the year. As of 5:15 p.m. Beijing time, COMEX August gold futures stood at $4,188.70 per ounce, down 2.28%, marking a 3.51% year-to-date drop. Analysts attributed the sharp pullback to last Friday’s better-than-expected U.S. non-farm payroll data, which signals sustained underlying strength in America’s labor market. Amid inflation risks stemming from the Middle East conflict, markets are now leaning heavily toward bets that the Federal Reserve will raise interest rates in the second half of the year. According to CME Group’s FedWatch Tool, the market is pricing in a nearly 70% probability of at least a 25-basis-point rate hike by year-end. Rate increases reduce the appeal of non-interest-bearing assets like gold, further pressuring prices,

6 minutes ago

Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."

Quick Crypto Update: On June 10, as Bitcoin briefly dipped below $61,000, prediction platform Polymarket saw a sharp shift in Bitcoin’s June price forecast probabilities. The likelihood of Bitcoin falling to $55,000 by the end of June surged to 36% that day, up from just 4% on June 2. Separately, Polymarket puts a 16% chance on Bitcoin dropping to $50,000 this month, while the probability of Bitcoin rising to $65,000 in June stands at 57%.

6 minutes ago

"ETH Long" Buddy Faces Partial Liquidation Again, Cumulative Loss Reaches Nearly $35 Million

June 10: Onchain Lens monitoring shows that amid the market downturn, the trader known as "Big Brother Whale" Huang Licheng’s 25x-leveraged ETH long position has faced partial liquidation once again. He has also closed the majority of his position, resulting in an approximate $35 million loss.

6 minutes ago

Tonight, ahead of the CPI data release, the probability of a Fed interest rate hike this year is 68.8%.

On June 10, per data from CME’s FedWatch Tool, the probability of the U.S. Federal Reserve raising interest rates at least once this year stands at 68.8% ahead of tonight’s May consumer price index (CPI) release by the U.S. Bureau of Labor Statistics (BLS). The breakdown of projected rate hike probabilities is as follows: 43.1% for a cumulative 25-basis-point increase, 21.2% for 50 basis points, 4.2% for 75 basis points, and 0.3% for a 100-basis-point hike. The BLS is scheduled to unveil May CPI figures at 20:30 ET tonight. Market consensus forecasts May CPI will rise 0.5% month-over-month (MoM) and 4.2% year-over-year (YoY). Should this expectation hold, it would mark the first time U.S. CPI has returned above the 4% threshold since May 2023, hitting its highest level since April of that year. For core CPI, the market projects a 0.3% MoM increase and a 2.9% YoY growth rate in May.

6 minutes ago

The CFTC Proposes New Rule on Prediction Markets, Allowing Most Sports-Related Prediction Markets While Safeguarding Against Market Manipulation

June 10: According to a report in *The Wall Street Journal*, the U.S. Commodity Futures Trading Commission (CFTC) plans to propose a new set of rules to regulate prediction markets. The proposed rules would keep most sports-related prediction markets operational while aiming to prevent large-scale market manipulation.

6 minutes ago

Pre-market: ?Huang's Stock Picks? set to Open Lower; Intel Down Over 3%

June 10: Bitget data shows that ahead of the U.S. stock market open, stocks in the "Huang Renxun's Strict Selection Stocks" basket were mostly lower, with declines including: Intel (INTC) down 3.33%; Nebius (NBIS) down 3.23%; Nokia (NOK) down 2.99%; Marvell (MRVL) down 2.95%; CoreWeave (CRWV) down 2.88%; IREN (IREN) down 2.87%; Coherent (COHR) down 2.38%; and Corning (GLW) down 2.25%.

6 minutes ago