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Pendle V2's TVL rises 43% to $1.16B, led by real-world asset-backed dollar markets.

Protocol Fundamentals
29 Oct 2026, 23:03 WIB
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Pendle V2's TVL rises 43% to $1.16B, led by real-world asset-backed dollar markets.

Pendle V2's total value locked (TVL) increased by 43% to $1.16 billion at the end of September, driven mainly by real-world asset-backed dollar markets which made up 82% of the TVL. This marks Pendle's first quarterly TVL growth in a year, with $395 million added from these markets. Despite the TVL rise, Pendle's revenue dropped to $2 million in Q3, about half of Q2's revenue. Most of the TVL is set to mature by mid-December, highlighting the protocol's focus on assets like reinsurance, Treasury-backed offerings, and loans to hardware operators. Pendle allows users to trade principal and yield components separately, with defined maturities for these positions.

Pendle V2's TVL rose 43% to $1.16 billion, with 82% backed by real-world asset dollar markets, providing context for readers following this development. For readers following the broader market, as of Oct 30, 2026 02:41 WIB, 11 of 50 major cryptocurrencies on Pluang rose while 37 fell. Notable price changes include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and EOS up 8.13% at Rp12.649.

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