Pendle Weekly Update: $55.9 Billion TVL Hits New All-Time High, Soaring Interest in Fixed Income Strategies
BlockBeats News, July 22nd, Pendle's total value locked (TVL) this week hit a new yearly high, reaching $5.59 billion. Meanwhile, Pendle PT's total on lending platforms has surpassed $3 billion, with Aave holding the largest share, with PT collateral totaling over $2.46 billion. The Pendle collateral scale for Morpho and Euler has also reached $442 million and $67 million, respectively, demonstrating the synchronous growth of Pendle's structured yield strategy across multiple protocols.
The current market's focus PT-sUSDe (Sep 2025) annualized yield has risen to 11.11%, as the returns from the July contract have been mostly released, with the price close to the principal. Pendle reminds users to migrate their funds to the September contract early to lock in their fixed income. Currently, on-chain data shows that approximately $1.9 billion is about to flow out of the July series and redeploy, which is expected to dilute the new PT yield, making it a low-competition, high-yield strategy deployment window.
Furthermore, Pendle has announced a collaboration with HyperEVM to expect more assets to be listed, including Hyperwave (hwHLP), Kinetiq (kHYPE), and Hyperbeat Ultra (HYPE), aimed at further expanding its asset base and ecosystem influence in the structured yield market.
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