- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Nansen: Pendle has become the interest rate infrastructure of the DeFi space, paying out $3.86M in fees to vePENDLE stakers in May alone
BlockBeats News, July 7th, Nansen released the latest Pendle project report on social media, stating that Pendle has quietly become the interest rate infrastructure of the DeFi field, with a total value locked (TVL) exceeding $4.8 billion, providing real yield. The recent upgrade, "Boros," has opened the door to a vast derivatives market. The Boros upgrade has enabled margin yield trading and funding rate market functionality. Pendle is no longer just a yield-splitting protocol; it is building a complete on-chain yield curve. This is equivalent to creating an interest rate market for tokens, the importance of which is self-evident.
Nansen cited data stating that in May alone, Pendle paid out $3.86 million in fees to vePENDLE stakers, with an annualized rate reaching $23.65 million at current rates. This is not merely a project hyping a token; it is a DeFi business with real profit potential. Arca recently increased its PENDLE holdings by $7.67 million, and Binance Labs, Spartan, and Hashkey also hold significant positions. Over 42,000 wallets hold the PENDLE token, making the market liquidity both deep and stable.
Nansen concluded that Pendle is directly benefiting from the stablecoin yield craze, where more interest-bearing stablecoins mean more fee income. It can be seen as a representative investment target in the DeFi field's "Stablecoin Yield Beta." Through integrations with Silo, Morpho, and expansions to Solana, Hyperliquid, and TON, Pendle is not only advancing cross-chain development but also continuously introducing innovative features and implementing significant strategic initiatives. In short, Pendle is positioning itself as the fixed income infrastructure layer of DeFi.
You may also like
AI Trading Hackathon 2026: Win $1.88M Prize Pool with CoinGecko API (Live Market Data)
One hackathon. Two opportunities. Builders can now win the CoinGecko API track while sharpening their AI trading edge with data-driven strategies in the $1.88 million main competition.
a16z-Backed Crypto Custody Startup to Close, Returning Investor Capital
Key Takeaways Entropy, a decentralized crypto custody startup, is closing its doors after four years due to strategic…
![[LIVE] Crypto News Today: Latest Updates for Jan. 23, 2026 – BTC Slides Below $90K as Crypto Market Extends Broad Sell-Off](https://weex-prod-cms.s3.ap-northeast-1.amazonaws.com/medium_21_2c30f7df62.png)
[LIVE] Crypto News Today: Latest Updates for Jan. 23, 2026 – BTC Slides Below $90K as Crypto Market Extends Broad Sell-Off
Key Takeaways The crypto market is in a downward trend, with GameFi, AI, and RWA sectors showing some…
Solana Price Prediction: 200+ U.S. Stocks Just Landed on SOL – Is This the Most Bullish News of the Year?
Key Takeaways: Solana has integrated over 200 tokenized U.S. stocks and ETFs, enhancing its status as the preferred…
XRP Price Prediction: $1.88 Triple-Bottom Support Amid ETF Money Pull Back – Analyzing Future Directions
Key Takeaways XRP currently stabilizes around $1.88 with triple-bottom support after recent price slips below $2.00. Institutional ETF…
CZ Declares He Won’t Return to Binance After Trump Pardon – What’s Going On?
Changpeng Zhao (CZ) has confirmed he will not return to Binance following his presidential pardon from Donald Trump.…
Crypto Price Prediction Today 22 January – XRP, Solana, Sui
Key Takeaways XRP Price Outlook: XRP remains in a fragile state within a descending channel, with the $1.80…
Cryptocurrency Price Prediction Today 23 January – XRP, Bitcoin, Ethereum
Key Takeaways Bitcoin, Ethereum, and XRP are in distinct phases of consolidation or resistance, with potential for significant…
Ethereum Launches $2M Quantum Defense Team as Threat Timeline Accelerates
Key Takeaways Ethereum has prioritized quantum resistance by establishing a dedicated Post Quantum (PQ) team, allocating $2 million…
Bitcoin & Ethereum ETFs Shed Over $1Billion, Solana and XRP Attract Inflows
Key Takeaways Bitcoin and Ethereum ETFs experienced substantial outflows exceeding $1 billion in just one day, reflecting a…
Ethereum Price Prediction: $3,000 Rejected, But On-Chain Data Reveals a Different Outlook
Key Takeaways Despite the recent price dip, Ethereum’s network fundamentals remain robust and are a strong indicator of…
Shiba Inu Price Prediction: SHIB Team Asserts ‘We’re Not Done Yet’ – Is a Parabolic Move Imminent?
Key Takeaways: Shiba Inu core members suggest the current market cycle may not be complete, hinting at potential…
Solana Price Prediction: Why $126 Could Be the Calm Before SOL’s Next Surge
Key Takeaways Solana’s price hovers around $126, showing signs of stability despite a recent pullback, as traders remain…
XRP Price Prediction: When Traders Get This Quiet, XRP Has a History of Going Wild – Is It About to Happen Again?
Key Takeaways XRP’s Market Quietness as Bullish Signal: Historically, a decrease in trading interest has often been a…
Ethereum Price Prediction: Wall Street Giant BlackRock Embraces Ethereum as Financial Infrastructure – Could ETH Embody the Internet of Money?
Key Takeaways BlackRock sees Ethereum as a cornerstone of future financial systems, positioning it as a leading digital…
Bitcoin Price Prediction: Rich Dad Poor Dad Author Kiyosaki Shrugs Off Price Crash – Here’s Why He’s More Optimistic Than Ever
Key Takeaways Robert Kiyosaki, author of “Rich Dad Poor Dad,” remains bullish on Bitcoin despite recent price fluctuations.…
XRP Price Prediction: XRP Approaches Accumulation Breakout with $1.85 Support as Bullish Targets Eye $4
Key Takeaways XRP’s long-term price indicators suggest a major accumulation phase, maintaining critical support around $1.85. The restoration…
XRP Price Outlook: Steady Gains Amid ETF Revival – Are Whales Ahead of the Curve?
Key Takeaways XRP-linked exchange-traded funds (ETFs) have resumed accumulation after a brief market dip. The resurgence of ETF…
AI Trading Hackathon 2026: Win $1.88M Prize Pool with CoinGecko API (Live Market Data)
One hackathon. Two opportunities. Builders can now win the CoinGecko API track while sharpening their AI trading edge with data-driven strategies in the $1.88 million main competition.
a16z-Backed Crypto Custody Startup to Close, Returning Investor Capital
Key Takeaways Entropy, a decentralized crypto custody startup, is closing its doors after four years due to strategic…
[LIVE] Crypto News Today: Latest Updates for Jan. 23, 2026 – BTC Slides Below $90K as Crypto Market Extends Broad Sell-Off
Key Takeaways The crypto market is in a downward trend, with GameFi, AI, and RWA sectors showing some…
Solana Price Prediction: 200+ U.S. Stocks Just Landed on SOL – Is This the Most Bullish News of the Year?
Key Takeaways: Solana has integrated over 200 tokenized U.S. stocks and ETFs, enhancing its status as the preferred…
XRP Price Prediction: $1.88 Triple-Bottom Support Amid ETF Money Pull Back – Analyzing Future Directions
Key Takeaways XRP currently stabilizes around $1.88 with triple-bottom support after recent price slips below $2.00. Institutional ETF…
CZ Declares He Won’t Return to Binance After Trump Pardon – What’s Going On?
Changpeng Zhao (CZ) has confirmed he will not return to Binance following his presidential pardon from Donald Trump.…
App