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Pendle jumps to 2nd place in DeFi tokenized stocks with $33.8M TVL after new yield markets and leveraged trading launch

Protocol Fundamentals
02 Nov 2026, 04:06 WIB
Crypto Briefing
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Bullish
Pendle jumps to 2nd place in DeFi tokenized stocks with $33.8M TVL after new yield markets and leveraged trading launch

Pendle surged from seventh to second place in the DeFi tokenized stock market within a month, reaching $33.8 million in total value locked (TVL) by November 2, 2026. This growth was driven by new yield markets for tokenized equities like GOOGLc and NVDAc on the Base network and the launch of PendleLoop, which offers leveraged long positions on seven tokenized stocks. The tokenized stock sector in DeFi is rapidly expanding, though still small compared to the broader $3.8-$4.6 billion tokenized equities market. Pendle's innovations could reshape competition, but leveraged positions carry higher risk of losses and liquidations.

Pendle's rise in DeFi tokenized stocks provides context for Pluang's market snapshot. As of Nov 02, 2026 09:11 WIB, 23 of 50 major cryptocurrencies on Pluang rose while 26 fell. Notable prices include FTM at Rp11.382 with a -2.05% change, CRV at Rp5.089 with 57% sell order activity, and ZIL at Rp34 with 71% sell order activity.

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