Pendle's decentralized finance platform saw its tokenized real-world asset (RWA) dollar markets make up 82% of its total value locked (TVL) by the end of Q3 2026. The platform allows trading of principal and yield tokens separately, with assets including tokenized Treasuries and reinsurance-backed dollars. However, Pendle reduced its protocol incentives by over half in Q3, leading to quarterly revenue dropping to about $2 million. Many of Pendle's markets are set to mature by mid-December 2026, which could impact future activity.
Pendle trades at Rp28.435 on Pluang as of Nov 11, 2026, 10:21 WIB, down 0.69% in one day. Its market cap stands at Rp4,96 trillion with a 24-hour volume of Rp388,38 million. Buyers dominate Pluang's order activity at 100%, and the typical holding period is 34 days.
