Reached $91 million in sNUSD TVL, representing approximately 64% of total sNUSD supply.

Introduced a new feature called Scale Orders that automates buys and sells across multiple price levels.

Integrated with Origin Protocol for their OETH staking updates.

Predicted to lose market share in 2026 due to significant growth and innovation in the interest rate derivative space with clever new mechanisms from competitors.

Described as a consistent and reliable yield source for stablecoins.

Plans to introduce a new algorithm that automatically decides which pools receive reward boosts, replacing the current manual voting system for stakers.

Generated $45M in fees during 2025.

Introduced YT Extra rewards feature allowing protocols to incentivize their own YTs with extra rewards, with Midas as the first protocol using it.

Reached $527M in TVL on Arbitrum, with 85% of TVL composed of stablecoins, growing 17% month-to-date.

Integrated with Lombard Finance's LBTC token, with over 80% of LBTC actively deployed in Pendle protocol.

Over 104,000 sdPENDLE tokens were minted in the week ending December 27, 2025.

Arthur Hayes purchased 549,868 PENDLE tokens worth $973,000 on December 26, 2025.

Integrated with Giza DeFAI agent on Arbitrum through a partnership.

Launched ysyBOLD May 2026 market enabling users to trade yield tokens (YT) and principal tokens (PT) for Yearn's ysyBOLD vault with fixed yield currently at approximately 6% and LP fees earning 9% APR from swap fees and incentives.

Completed airdrop of 39,819 PENDLE tokens to vePENDLE recipients for November, distributed to ePENDLE stakers and ePENDLE/PENDLE liquidity providers on Camelot DEX.

Nominated for "Best In Yield" award with ceremony scheduled for December 30th, 2025.

Launched VIP portal for large wallets.

Integrated with Hinkal to enable privacy features for Pendle markets.

Integrated sUSN from Noon Capital as a yield-bearing asset with a liquidity pool offering 14% APY plus 120x Noon points.

SolvBTC is the largest and deepest Bitcoin asset on Pendle by transaction volume or liquidity depth.

HLPe became available on Pendle with YT holders earning 70x Ethena Points, 5x Upshift Points, and USDe rewards.

Reached $6B TVL at its peak in 2024 during the ETH LRTs airdrop farming phase.

Copy-trading feature launches on the platform, allowing users to replicate other traders' strategies. Silo Finance adds PT iUSD (19 Feb) / USDC isolated lending market with $3m liquidity and 90/93 LTV for leverage farming positions.

PT-sUSDe launches on Solana through Kamino platform, powered by Chainlink CCIP infrastructure.

Solstice SLX token sale scheduled for December 22nd with eligibility requiring USX holdings.

Penpie controls over 25% of total vePENDLE power and achieves over 1000% APY yield boosts across liquidity pools on 8 chains.

New liquidity pools launch for sUSDe & USDe (9APR2026) on PLASMA and reUSD (25JUN2026) on ETH. Boros adds new BTCUSDT & ETHUSDT 30JAN markets with funding rate arbitrage opportunities.

thBILL liquidity on Pendle reaches $32.5M on Arbitrum, making it the second-largest platform for the RWA asset after Morpho's $50.6M.

PT tokens go live on Solana and Unichain through cross-chain expansion, and partnership with Binance YZI Labs announced for 2025. Boros ranks among top DEXes.

Ranked #8 by revenue generation among major crypto projects, with 30-day price performance at -18%.

Pendle adopts Chainlink's CCIP (Cross-Chain Interoperability Protocol) alongside Kamino within the last couple of days, joining recent adopters including Coinbase, Galaxy, and State Street.

Total fixed yield processed reaches $58B with TVL growth of 79% YoY.

Boros adds HYPE to its tradeable assets across supported exchanges and reports 9-figure open interest, while ETH-USD vault yields reach 32% APY with USDT now available as a collateral option.

OKX rates market launches on Boros, allowing traders to arbitrage funding rates between OKX (4%) and Hyperliquid (10%) for delta-neutral 6% returns before leverage.

KaitoAI's sKAITO pool launches on Base with 250% vePENDLE boost on Equilibria, accepting KAITO, sKAITO, or Pendle LP/PT for instant boost activation.

Polychain Capital transfers 4.114 million PENDLE tokens ($9M at current price) to FalconX trading desk, with the position showing losses of $3.25-3.99M from their March-September accumulation at $2.98-3.16 average price versus current $2.19 price.

Whale activity on Hyperliquid drives ETH funding rates to 35% APR, creating arbitrage opportunity in YU-ETH-USD with 9.6% implied APR versus 35% underlying APR.

New fixed-yield Plasma pools for sUSDe and USDe launch with April 9, 2026 maturity as part of Plasma Parade campaign, offering XPL rewards for filled limit orders and YT/LP holders. YT Plasma USD Vault reports $88,110 TVL at 275% APR.

New sYUSD pool from Aegis goes live with March 26, 2026 expiry, offering ~15% APY, 5x Aegis points for LPs, and 20% launch boost for the first 2 weeks on YTs and SY LP positions. This is the final sYUSD pool before Aegis Token Generation Event.

Pendle enters DefiLlama's top-100 revenue dashboard at rank #77 with 7-day revenue of $136,259.

PTs expand to Unichain starting with USDai and CUSD for trading and collateral use. PT-sUSDai and PT-USDai liquidity receives top-up.

Extra rewards in sGHO and FLUID from Aave Chan are distributed to historical holders of the Aave GHO Pendle LP on Stake DAO. SolidYield crypto neobank integrates Pendle as part of its automatic DeFi yield optimization strategies alongside Morpho.

PT-sUSDe expands to Solana through Chainlink CCIP integration and Kamino partnership, bringing Ethereum's leading yield asset cross-chain using Chainlink's CCT standard.

Pendle YTs gain 12x points multiplier in infiniFi Season 2 mini campaign estimated to run 9 weeks until TGE, delivering 4.3x average seasonal points yield with 17% YT APR projected at 100M FDV and implied yields ranging from 18% to 54% depending on launch valuation.

stcUSD from Cap Money gains traction on Equilibria with full vePENDLE boost and 5x Cap Points multiplier active. Pendle's TVL ranking declined from #11 in December 2024 to #13 in December 2025 according to DefiLlama data.

New Plasma pools launch on Penpie featuring sUSDe and USDe from Ethena Labs, offering boosted PENDLE yields and additional WXPL rewards claimable on Merkl.

Info Bot launches wallet tracking feature enabling alerts for voted and active pool maturity and entry targets, with limit order fill notifications in development. (ID: 1998714845764657317)

Pendle integration into Studio is 90% complete. (ID: 1998689801986261342)

Resolv launches Season 4 running from December 9, 2025 until April 9, 2026 with 2.5% token allocation, featuring Pendle YTs (wstUSR/RLP) as top yield farms and introducing 120,000 ETHFI in liquid partner rewards distributed over 3 months to stRESOLV holders.

Three new v2 pools launch this week on Ethereum: Almanak alUSD with 26-MAR maturity, RE reUSD with 25-JUN maturity, and Lido wstETH with 25-JUN maturity.

Penpie integrates InfiniFi Points with up to 12x boost for users depositing Pendle LPs for iUSD and siUSD, offering additional boosted PENDLE yields as part of Pendle Week promotion.

Equilibria adds sNUSD integration from Neutrl with 250% vePENDLE boost and 25x Neutrl Points multiplier for stablecoin deposits including sNUSD, NUSD, USDT, USDC, and Pendle LP/PT tokens.

Equilibria launches strETH integration with 250% vePENDLE boost and adds Mellow Points stacking as additional upside for depositors who can enter with strETH or existing LP/PT tokens.

19 Feb PT markets launch on Silo, allowing users to borrow USDC against PT positions for yield looping and liquidity.

Lido Golden Goose Vault goes live on Equilibria with vePENDLE boost, allowing users to deposit Lido GGV or existing LP/PT tokens for enhanced returns through Lido Finance's ETH and wstETH strategies.

Pendle integrates YuzuMoneyX tokens (yzUSD and syzUSD) with Penpie offering boosted PENDLE yields, WXPL rewards, and up to 10x Yuzu Points for LP deposits via Plasma.

Pendle launches three new pools: xHYPE 26FEB, stRATEGY 26MAR, and GGV 26MAR. Boros adds HYPEUSDT Binance 25DEC market with three new indicators (Moon Phases, Fear & Greed Index, Underlying Asset Price).

Equilibria integration goes live with satUSD+ support, offering boosted yields and 5x River Points through partnership with River.inc on BNBChain.

A user reports receiving $4,169 in airdrops from seven projects (0g, Mira, Hana, Anoma, Falcon, Novastro, Bitdealer) on a $692 YT sKaito position purchased through Pendle on September 3, 2025, representing approximately 6x return from airdrops alone before the January 29, 2026 expiration.

Pendle offers 68.17% fixed APY for sKAITO holders with 53 days until maturity, generating 9.9% returns during that period.

Pendle integrates Theo Network's thBILL treasury token into yield-bearing PT-thBILL, expanding RWA utility beyond passive holding.

Pendle generated $6.68M in revenue and $4.19M in earnings during Q4 2025 on Arbitrum, distributing $5.34M to token holders with $173.24M staked.

LookOnChain spots the same whale buying an additional $13.9M across altcoins including PENDLE in a follow-up purchase.

Equilibria launches iUSD market with full vePENDLE boost support powered by infiniFi, accepting iUSD, USDC, and existing Pendle LP/PT positions with instant boost activation.

Whale wallet buys 134,005 PENDLE tokens worth $323K during market dip as part of $13.9M multi-asset purchase across 10 tokens and moves holdings to on-chain wallet.

Plasma season launches on Penpie with pools on Merkl earning up to 9% APR in WXPL rewards, stackable with boosted PENDLE yields and loyalty points.

Pendle joins the first cohort of ETHGas's Open Gas Initiative on Ethereum mainnet, enabling protocols to subsidize user gas costs. Liminal Money integrates with Pendle to allow xHYPE holders to trade fixed returns through PTs or funding and staking dynamics through YTs.

Launches delta-neutral xHYPE strategy combining kHYPE staking rewards with HYPE perpetual funding rates on Hyperliquid for dual yield streams without price exposure.

aarn launches tvPTmax vault, an AI-driven ERC-4626 product that dynamically allocates capital to Pendle PT markets targeting 12-14% USDC yield through stablecoin PT carry trades on Ethereum.

8 new pools launch on Penpie integration offering depositors up to 114% APY with boosted PENDLE yields. Spreads product beta launches this month, creating vaults for airdrop exposure and yield farming through delta neutral basis trades on perpetual markets.

A new $BOLD liquidity pool launches on the platform.

tmvUSDT0 YT holders now earn additional Term points stacking incentives on top of XPL incentives and yield generated by the Term USDT0 Meta Vault.

Participates in ETHGas Open Gas Initiative (Chapter 3) to sponsor user gas fees through zero-code integration.

ePENDLE holders receive $228K in monthly rewards through ongoing vePENDLE airdrops, with 90% ($205K) allocated to stakers and 10% ($22.8K) to ePENDLE-PENDLE LPs on Camelot DEX.

Time-limited PENDLE Rush concludes in less than 24 hours with only 2.41K vlPNP allocation left for PT-mPENDLE conversions.

Pendle gauge voting goes live on Equilibria with Epoch 130 incentive board active, allowing vlEQB holders to vote and earn weekly rewards.

Five new Pendle pools launch on Ethereum: Neutrl sNUSD (05-MAR), Lido stRATEGY (26-MAR), Lido GGV (26-MAR), Resolv RLP (09-APR), and Infinifi iUSD (19-FEB). fxSAVE from protocol_fx goes live on Equilibria with vePENDLE boost offering 10%+ APY.

Added to Bloomberg Galaxy DeFi Index. 2026 roadmap includes institutional Pendle Permissioned product, cross-chain PTs beyond EVMs, vePENDLE improvements, and positioning for $400T TradFi interest rate swap market.

Analysis warns traders to avoid mFARM Principal Tokens (face 3% redemption haircut from sUSDX fallout on Silo) and Yu PTs (trading at 60-70% discount with potential rug concerns), while sUSDai reports 660M TVL backed 99% by TBILLs.

Pendle launches yield tokenization on Hyperliquid platform following the HIP 3 upgrade. Arthur Hayes purchases 436,000 PENDLE tokens worth $1.13M during November 24-30.

sNUSD launches on Pendle with Principal Token offering 17% fixed yield.

thBILL from Theo Network opens a boosted pool on Equilibria with full vePENDLE support and Pendle LP compatibility. A PENDLE RUSH campaign on Arbitrum through Penpie has 2.5K vlPNP remaining from the 4,000 vlPNP allocation with less than 2 days left to convert PENDLE into PT-mPENDLE.

Two new Lido stETH vaults (stRATEGY and GGV) go live on Pendle with March 26, 2026 maturity dates. Penpie integration of these vault pools is coming soon for boosted yields.

New thBILL 19FEB and USDaf 30APR pools launch. Principal tokens sUSDe and USDe with 5FEB maturity become available on Aave.

PT-thBILL goes live on Euler Finance as collateral for borrowing USDC, USD₮0, and thBILL with liquidity above $1M per pool and ROE levels at 36.03% (PT-thBILL/thBILL) and 26.43% (PT-thBILL/USDC). Pendle hosts 80% of USDai's $660M total supply.

Pendle is added to the Bloomberg Galaxy DEFI Index.

Nest's nBASIS vault launches on Pendle on ETH mainnet, offering up to ~40% APY plus 10× reward points through a basis-trade yield strategy.

INFINIT's Prompt-to-DeFi feature includes support for executing complex Pendle strategies and farming setups through natural language prompts, as part of their AI-powered DeFi platform integration.

Penpie's PENDLE RUSH campaign has 2.51K vlPNP remaining and ends in under 3 days, rewarding ~0.225 vlPNP per PENDLE token converted to PT-mPENDLE.

Stake DAO's sdPENDLE liquid locker secures over 2.5M PENDLE locked as vePENDLE and remains the only growing Pendle liquid locker.

yoETH on Base routes through Equilibria with full vePENDLE boost support, accepting WETH, yoETH, or Pendle LP/PT deposits for automated reward distribution.

CryptoHayes highlights Pendle's connection to Boros Finance for managing funding volatility as equity perpetuals scale to a multi-billion market.

Terminal Finance discontinues its project launch after Converge chain failed to go live, confirming Pendle positions will receive entitled rewards (Ethena Sats, sUSDe yield, and etherfi points) and all user funds remain fully backed 1:1 for withdrawal.

New Pendle pools launch on Theo Network but users experience technical failures including UI not displaying deposits and points not being distributed as advertised, with support team not responding to tickets after several days.

Pendle achieves +21.78% weekly gain, placing it in the top 10 crypto gainers.

Pendle LP/PT holders can now route through Equilibria on Plasma for vePENDLE boosted yields, earning additional $WXPL from Merkl and Yuzu Points alongside enhanced APY.

Pendle expands to Hyperliquid's HyperEVM platform.