Pendle Settles $69.8 Billion in Yield Bridging the $140T Mounted Revenue Market to Crypto

Singapore, Singapore, twenty first October 2025, Chainwire

[PRESS RELEASE – Singapore, Singapore, October 21st, 2025]

Pendle is advancing the tokenization of yield within the decentralized finance (DeFi) sector, introducing mechanisms that align with established monetary ideas. With the worldwide fixed-income market projected to succeed in $198.58 trillion by 2030, Pendle’s strategy highlights a possible hyperlink between conventional monetary devices and decentralized techniques.

This week, Pendle revealed a significant milestone: the protocol has settled $69.8 billion in fastened yield and facilitated over $6 billion in Complete Worth Locked (TVL), making it one of the impactful real-world asset (RWA) functions in DeFi thus far. This announcement comes as Pendle expands its capabilities by integrating USDe yield markets in collaboration with Ethena, enabling tokenized entry to fastened yields in a crypto-native, clear atmosphere.

“We’re constructing a world the place fastened revenue is programmable and permissionless,” Pendle acknowledged in a current submit. “By integrating USDe yield markets and constructing the fixed-rate layer for RWAs, we’re laying the muse for establishments to entry DeFi-native fastened revenue at scale.”

Mounted-Revenue Market Potential

Pendle’s work targets one of many largest sectors in world finance: the fixed-income market, valued at $145.26 trillion in 2024 and projected to succeed in almost $200 trillion by 2030, rising at a 5.3% compound annual fee.

The worldwide non-household debt market—intently linked to fastened revenue by means of company and sovereign bond issuance—has exceeded $150 trillion as of Q1 2025. This large and sophisticated market is historically dominated by gamers reminiscent of JPMorgan Chase, Goldman Sachs, BlackRock, Constancy Investments, and The Vanguard Group.

Regardless of its scale, the fixed-income sector continues to face challenges associated to restricted transparency, accessibility boundaries for smaller members, and dependence on intermediaries. Pendle’s strategy seeks to introduce a extra clear and environment friendly mannequin by means of tokenized and decentralized fixed-income devices.

Pendle’s Distinct Method

Pendle allows yield-bearing belongings to be divided into two elements: Principal Tokens (PT) and Yield Tokens (YT). This construction permits fastened yield to be programmed and traded inside a decentralized atmosphere, mirroring a key ingredient of the normal fixed-income market.

Via its integration with varied DeFi protocols, Pendle has expanded its fixed-rate yield capabilities. By growing fixed-rate markets for stablecoins and real-world belongings (RWAs).

These developments have attracted rising participation from each particular person and institutional customers. With greater than $69.8 billion in fastened yield settled and over $6 billion in complete worth locked (TVL) throughout Ethereum and different networks, Pendle has established itself as a number one protocol in decentralized fixed-income options.

A New Monetary Frontier

Tokenizing the fixed-income market carries vital implications for world finance. Conventional fixed-income devices, whereas established and dependable, usually face limitations associated to accessibility and settlement effectivity. In distinction, tokenized fastened revenue introduces options reminiscent of:

• Steady liquidity and buying and selling
• World accessibility
• Fractional possession with decrease participation thresholds
• Interoperability inside decentralized finance (DeFi) techniques

As institutional engagement with digital belongings expands, platforms like Pendle are contributing to the event of infrastructure that connects conventional finance with DeFi. The inclusion of fixed-rate devices gives larger predictability and helps danger administration—each important issues for institutional market members.

On the time of writing, stablecoin-based fastened yields accessible by means of Pendle attain as much as roughly 20%, in contrast with round 12% for CCC-rated high-risk company bonds. Pendle’s continued progress and document of yield settlements show the operational stability of its fixed-yield infrastructure, providing another mannequin for fixed-income publicity inside decentralized markets.

Wanting Forward

Pendle’s work is extra than simply one other DeFi innovation — providing a framework that might allow broader entry to capital throughout conventional and decentralized markets. As the worldwide monetary system progressively digitizes, the fusion of fixed-income markets and crypto infrastructure might redefine how worth is saved, transferred, and grown.

If Pendle maintains its present trajectory, it could facilitate the combination of the $140 trillion fixed-income market with digital belongings, contributing to the evolution of fixed-income merchandise inside the decentralized ecosystem.

Pendle has additionally just lately introduced Boros, an modern product that allows the buying and selling of funding charges from exchanges, permitting a future view of charges in DeFi

About Pendle

Pendle is the world’s largest crypto yield buying and selling platform, enabling the tokenization and buying and selling of future yield. Pendle facilitates fixed-rate and yield hypothesis methods in a permissionless and composable atmosphere. The protocol helps real-world belongings, artificial {dollars}, and a big selection of DeFi-native alternatives.

For media inquiries, customers can contact:

Pendle Media Relations

E mail: [email protected]

Web site: https://pendle.finance