Citing ChainCatcher, Pendle, a cryptocurrency yield trading platform, released its third-quarter report showing an average total value locked (TVL) of $8.75 billion in Q3, up from $3.99 billion in Q2. Stablecoins accounted for about 80% of TVL, with Pendle ranking second on Plasma, where TVL nears $10 billion (30% of the chain). The platform also reported a nominal trading volume of $23.39 billion, fees of $9.53 million, revenue of $9.14 million, and 292,000 monthly active users in Q3, with all key metrics showing growth.
Pendle Q3 Report: Average TVL Surpasses $8.75 Billion, Up 118.8%
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