The locked value on the yield tokenization protocol Pendle has surpassed 10 billion USD.
Pendle currently records annual fee revenue of nearly 78 million USD, with trading volume in 24 hours reaching 180 million USD, demonstrating strength and superior liquidity in the DeFi space.
MAIN CONTENT
The locked value (TVL) of Pendle reached 10.262 billion USD according to DefiLlama data.
Pendle's annual fee revenue reached 78.19 million USD.
The trading volume in 24 hours at Pendle reached 180 million USD, with a fully diluted valuation of 761 million USD.
What is the locked value (TVL) of Pendle and what level is it currently at?
TVL, short for Total Locked Value, is the total value of assets currently locked on the DeFi platform.
According to information from DefiLlama updated on August 26, the locked value on the yield tokenization protocol Pendle has reached 10.262 billion USD. This is an indicator reflecting the amount of assets that users have deposited or collateralized on the platform, demonstrating the scale and reliability of the project in the DeFi industry.
A high TVL index helps Pendle attract attention from the cryptocurrency community and investors, while creating financial leverage for the development of related products and services.
What is Pendle's current revenue and valuation?
Annual revenue from trading fees is one of the important measures that reflect the profitability and stable operation of the DeFi protocol.
According to the latest data, Pendle's total annual fee revenue reached 78.19 million USD, while annual income was 77.02 million USD. The current fully diluted valuation (FDV) of Pendle token is at 761 million USD, indicating growth potential and market confidence in the project.
These results demonstrate Pendle's effective operation capabilities and attractiveness among numerous yield tokenization protocols in the industry.
How has the trading volume on Pendle in the last 24 hours been?
Trading volume is a measure that reflects liquidity and the vibrant activity of the project in the short term.
In the last 24 hours, Pendle's trading volume reached 180 million USD, reinforcing the protocol's position in the currently crowded DeFi market. This trading volume allows users to execute flexible yield token transactions while affirming the reliability of the ecosystem.
This is an important sign that user interest and product usage levels are stabilizing, facilitating Pendle's long-term development plans.
Frequently Asked Questions
What is TVL and why is it important for DeFi protocols?
TVL is the total value of assets locked on the DeFi platform, reflecting the scale and reliability of the protocol in managing user assets.
How is Pendle's annual fee revenue calculated?
Annual fee revenue is based on the total fees users pay for trading activities or providing liquidity on the platform.
What does fully diluted valuation (FDV) mean?
FDV indicates the total market value of all tokens when all tokens are issued and circulating in the market.
What impact does large trading volume have on users?
High trading volume ensures liquidity and convenience for users when buying and selling tokens on the exchange.
Does Pendle have long-term growth potential?
Based on TVL, revenue and trading volume are both steadily growing, Pendle has a solid foundation for long-term development in the DeFi space.
Source: https://tintucbitcoin.com/pendle-protocol-dat-tvl-102-ty-usd/
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