Pendle Plans Expansion to Solana, Hyperliquid, and Ton in 2025
Decentralized finance (DeFi) continues to evolve, with protocols like Pendle leveraging the current market dynamics. Key points include:
- Pendle's growth in 2024 saw total value locked (TVL) reach $4.4 billion and daily trading volumes at $96 million.
- Pendle offers two main products: Principal Tokens (PT) for fixed yield and Yield Tokens (YT) for farming potential airdrops.
- The protocol has become a significant token launchpad, evidenced by over $1 billion in TVL during Berachain's airdrop anticipation.
Pendle's 2025 Plans
- Upcoming upgrades include dynamic fees for yield trading and enhancements to the vePENDLE token bribe system.
- A focus on perpetual funding rates will allow traders to engage in yield trading on these rates.
- Pendle plans expansion to non-EVM chains like Solana and Hyperliquid.
- Targeting regulated entities and Islamic funds with KYC-compliant products to access crypto yields.
Pendle aims to disrupt traditional finance by offering higher yields than conventional bonds, expanding its addressable market beyond Ethereum's yield markets.