If there were a protocol printing revenue in any market for major blue-chip assets like ETH, BTC, and stablecoins.
⤷ @pendle_fi is that protocol
According to @tokenterminal, Pendle generated $33M in revenue in 2025
If you look at Pendle as a Money Market, it ranks #3 by revenue across the entire sector, only behind Aave and Spark.
⤷ All thanks to its innovative product design
Pendle v2 combines TradFi primitives with crypto-native yield narratives
- PT → similar to zero-coupon bonds in TradFi
- YT → exposure to on-chain yield, points, and incentive narratives
When a new yield narrative appears ➞ Pendle is usually one of the first places liquidity moves to.
Revenue comes from real usage, not short-term incentives.
The most important part is value accrual
- 80% of protocol revenue flows to vePENDLE holders
- 10% is retained by the treasury
- 10% funds protocol operations
Pendle is a DeFi-native yield engine done right ➞ real fees, real users, and clear alignment between the protocol and its holders.
⤷ @pendle_fi is that protocol
According to @tokenterminal, Pendle generated $33M in revenue in 2025
If you look at Pendle as a Money Market, it ranks #3 by revenue across the entire sector, only behind Aave and Spark.
⤷ All thanks to its innovative product design
Pendle v2 combines TradFi primitives with crypto-native yield narratives
- PT → similar to zero-coupon bonds in TradFi
- YT → exposure to on-chain yield, points, and incentive narratives
When a new yield narrative appears ➞ Pendle is usually one of the first places liquidity moves to.
Revenue comes from real usage, not short-term incentives.
The most important part is value accrual
- 80% of protocol revenue flows to vePENDLE holders
- 10% is retained by the treasury
- 10% funds protocol operations
Pendle is a DeFi-native yield engine done right ➞ real fees, real users, and clear alignment between the protocol and its holders.
@PendleIntern @Rightsideonly @Neoo_Nav @0xCheeezzyyyy @pendle_grandma The Pendle report made by @tokenterminal
tokenterminal.com/explorer/studi…
tokenterminal.com/explorer/studi…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
