Pendle TVL Exceeds $130 Million With stETH Pools at 42 Percent

DeFi yield marketplace Pendle has officially said that its TVL has surpassed $130 million, with the stETH pool accounting for 42% of that total. The stETH pool has grown 167% in TVL since the beginning of May and remains the most actively traded yield asset by volume. 

In addition, the two wstETH pools are growing rapidly, having gained approximately $12.9 million in liquidity in just one month, making Pendle the third largest holder of wstETH on Arbitrum. Since Pendle launched the wstETH pools, the supply of wstETH on Arbitrum has grown by 35%, with Pendle contributing 35% of new inflows.