BlockBeats News, March 28th: Income streaming protocol Pendle achieved an all-time high daily trading volume on March 27th, exceeding $500 million. Pendle co-founder @tn_pendle stated that despite Pendle's position as a leading DeFi protocol, the DeFi market still has significant room to grow compared to traditional finance.
Pendle plans to break existing barriers by 2025 through its "Citadels" initiative, aiming to bridge traditional financial market resources and provide top-tier fixed income opportunities to various institutional users.
At the time of writing, Pendle's Total Value Locked (TVL) has reached $34.33 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.