Pendle

The total value locked, currently 1,180,037,391 dollars, is the clearest indicator of whether users are actively depositing yield-bearing assets into the protocol, and changes in it reflect real demand for the core tokenization service. The 30-day fee and revenue figures are worth tracking because the recent 92-percent decline in both over the trailing 30 days represents a meaningful shift in protocol activity, and whether that trend continues or reverses will affect every fee-based ratio on this page. The market-cap-to-TVL ratio of 0.25 shows how the token's market capitalization relates to the assets the protocol holds, so movements in either TVL or market cap will alter this relationship in ways that are informative about relative scale. Finally, the dilution overhang of approximately 63.4 percent — meaning a large share of the maximum supply has not yet entered circulation — is worth monitoring because any increase in circulating supply would affect how the existing 172,280,149 tokens relate to the metrics presented here.

由 AI 语言模型根据以下所列数据撰写，于 27 Aug 2026 05:08 UTC.