BlockBeats News, May 27th, Pendle co-founder TN posted that Pendle has become the largest protocol in the DefiLlama yield category, accounting for over 50% of the sector's total value locked, settling over $21 billion worth of PT (Principal Tokens) by 2024, generating over $1.5 billion in revenue. Pendle's growth has been driven by the widespread adoption of Pendle PT as collateral, with its deployment in the DeFi money market hitting a record high of over $1.8 billion.
Today, PT itself has become an economic ecosystem and will move towards the next stage of growth, expanding PT as a product to new users in traditional finance (TradFi) and non-EVM chains (such as Solana). Pendle's vision has always been to evolve Pendle assets from "invisible receipt tokens" to yield-generating native assets that support the core of DeFi, meticulously crafting products and building a liquidity layer to enable institutions and sophisticated users to settle efficiently. Pendle's ultimate goal is to have a complete yield layer, whether in traditional finance (TradFi), centralized finance (CeFi), or decentralized finance (DeFi).
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