BlockBeats News, June 6th, according to an official announcement from Pendle, driven by the expiration event on May 29th, Pendle's weekly trading volume surged past $14.2 billion, reaching a historical high.

This event involved the expiration of up to $16 billion TVL across multiple asset pools, marking the highest liquidity retention rate in the platform's history. Data shows that TVL briefly dropped from $47.9 billion to $42.3 billion, rebounded to $44.5 billion within a week, reached $46.2 billion at the time of writing, and continues to grow steadily. Moreover, 35% of the expiring assets flowed into other Pendle pools within a week, demonstrating enhanced user and capital stickiness. The platform has successfully processed $11.5 billion PT and $2.36 billion LP redemptions.

Currently, stablecoin assets account for over 83% of the total, and fixed-income APY remains stable at 3% to 12%, signaling Pendle's shift from high-yield volatility to a more robust and sustainable income market.

Pendle is gradually becoming a key platform for DeFi to export fixed-income products to traditional finance, aiming to open the doors to the $140 trillion global fixed-income market with income tools denominated in stablecoins.