Pendle releases Q3 report: average TVL reaches $8.75 billion, up 118.8% quarter-on-quarter

According to ChainCatcher, cryptocurrency yield trading platform Pendle has released its Q3 report. The platform’s average total value locked (TVL) in the third quarter reached $8.75 billion, up from $3.99 billion in the second quarter. Stablecoins accounted for approximately 80% of the TVL. Pendle currently ranks second on Plasma, with a total value locked (TVL) close to $1 billion (about 30% of the entire chain).

In addition, Pendle’s nominal trading volume for the third quarter was $23.39 billion, with fees of $9.53 million, revenue of $9.14 million, and 292,000 monthly active users. All key metrics have shown growth.