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Pendle becomes DeFi's top tokenized stock venue with 18.5% market share after new yield and leverage products.

Protocol Fundamentals
10 Nov 2026, 05:02 WIB
Crypto Briefing
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Bullish
Pendle becomes DeFi's top tokenized stock venue with 18.5% market share after new yield and leverage products.

Pendle has become the largest platform for tokenized stocks in DeFi, capturing 18.5% of the market by early November 2026. This rise followed the launch of new equity yield markets on the Base network and the PendleLoop product, which offers one-click leveraged long positions on Coinbase-issued stock tokens. Pendle's total value locked in tokenized stocks surged to $33.8 million by October 31, with half added in the prior month. The growth highlights increasing demand for tokenized equities in DeFi, driven by yield and leverage rather than just trading, though the sector remains small compared to traditional markets. Pendle's success depends on continued liquidity of Coinbase tokens and incentives, as the broader tokenized stock market in DeFi has grown roughly 25-fold in a year to about $300 million TVL.

Pendle's rise in tokenized stocks is context for readers. As of Nov 10, 2026, 33 of 50 major cryptocurrencies on Pluang rose, 16 fell. Notable movers include SAND at Rp770 (+3.37%, 20% Sell / 80% Buy), ENJ at Rp419 (+3.26%, 0% Sell / 100% Buy), and COMP at Rp366.180 (+2.61%). Typical hold times range from 99 to 124 days.

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