RWA-Backed Dollar Markets Make Up 82% of Pendle V2 TVL

At the Sept. 30 UTC daily close, around 8 p.m. ET, markets tied to real-world-asset-backed dollars accounted for 82% of Pendle V2’s $1.16 billion in total value locked (TVL). The figure highlights how much of the protocol’s quarter-end value was concentrated in those markets. Pendle’s total TVL rose 43% from $809 million at the June 30 close, marking its first quarterly increase in a year. RWA-backed dollar markets added $395 million during the quarter. The rise in locked value came alongside lower revenue. Pendle V2 generated $2 million in third-quarter revenue, about half its second-quarter amount.

Source: TokenPost