25 Mar, 2025

Yield’s Powerhouse

Pendle dominates the DeFi yield trading market. It’s the first institutional-grade, on-chain interest rate protocol with actual network effects and defensible infrastructure. The upcoming upgrade, Boros, can only extend the lead and solidify the moat. With growing liquidity, increasing volume, and the distribution channels already solidified, everything points to compounding network effects—Boros, SPVs, KYC-compliance, Islamic Finance offerings etc accelerate TVL growth, boost trading volume, and fee revenue translates into $PENDLE value accrual.

Source: DefiLlama – TVL and $PENDLE price have historically moved in tandem, with price reflecting the more positive sentiment that characterizes increasing adoption.

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