Pendle becomes second-largest DeFi venue for tokenized stocks with 17% share
Photo: Crypto Briefing
The yield-trading protocol climbed from seventh to second place in roughly a month as tokenized equity deposits in DeFi surged Pendle now holds about 17% of the DeFi market for tokenized stocks. That makes it the second-largest decentralized venue for on-chain equities. A month earlier, the protocol ranked seventh. Jumping five spots in thirty days is the DeFi version of a midseason trade that suddenly makes a team a contender. The climb was measured as of November 2, 2026. It came after a month of rapid deposit growth into Pendle’s tokenized-stock markets.
Source: Crypto Briefing
