Posted 4/6/2024, 7:00:00 PM
Pendle Becomes Largest DeFi Yield Protocol as Adoption Skyrockets in 2023
- Pendle Finance has surged 502% to new all-time highs in 2023 amid increasing protocol activity
- Pendle lets users trade yield tokens while earning high yields on assets
- Adoption rising due to liquid Ethereum restaking and airdrops from DeFi protocols
- Pendle's TVL surpassed $4B, up over 1,500% this year, with $10.5B trading volume
- Exponential growth cements Pendle as largest DeFi yield protocol, called "future of DeFi"
