Pendle has become the largest DeFi yield protocol, with single-day captured fees reaching a historic high
Bitget2024/04/04 03:20
According to Token Terminal data, the DeFi yield protocol Pendle captured a single-day fee of $249,000 yesterday, with income generated from management fees and performance fees reaching $199,000, both setting new historical highs. Data from DeFiLlama shows that Pendle's total locked value (TVL) has grown by more than 60% in the past month, approaching $4 billion, making it the largest DeFi yield protocol. The current popular point-based game model has brought significant increments for Pendle LP, PT and YT.
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