{"id":41322,"date":"2025-08-09T17:01:45","date_gmt":"2025-08-09T17:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41322"},"modified":"2025-08-09T17:01:45","modified_gmt":"2025-08-09T17:01:45","slug":"pendles-tvl-hits-record-8-3b-after-yield-trading-platform-debut","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41322","title":{"rendered":"Pendle&#8217;s TVL Hits Record $8.3B After Yield-Trading Platform Debut"},"content":{"rendered":"<div>\n<p>Pendle\u2019s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol\u2019s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/06\/pendle-lets-crypto-traders-bet-on-bitcoin-and-ether-funding-rates-with-boros-platform\">new yield-trading platform<\/a>.<\/p>\n<p>With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts.<\/p>\n<p>Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting traders go long or short on the rates themselves.<\/p>\n<p>Boros can be used for numerous advance strategies, including hedge floating funding payments into fixed rates, or lock in high yields during volatile periods.<\/p>\n<p>In its first two days, Boros attracted deposits of over 283 WETH (around $1.1 million) and 6.4 WBTC (about $750,000) into its vaults, <a href=\"https:\/\/dune.com\/chairmanda0x\/borosfi\">data<\/a> shows.<\/p>\n<p>Activity on Pendle\u2019s Arbitrum deployment has spiked alongside the launch, with active addresses reaching 1,428, well above the monthly average, and both buyers and sellers multiplying on decentralized exchanges according to data from TheTie.<\/p>\n<p>While Boros currently supports BTC and ETH funding rates, plans are to expand to other floating yields such as staking rewards and tokenized Treasury bills.<\/p>\n<p>Pendle\u2019s performance and total value locked also came on the back of the Hyperliquid ecosystem. The firm integrated with Hyperliquid late last month. Since then, Kinetiq\u2019s kHYPE, the largest liquid staking token on Hyperliquid\u2019s HyperEVM, has <a href=\"https:\/\/thedefiant.io\/news\/defi\/pendle-rallies-on-the-back-of-khype-market-success\">attracted<\/a> $221 million in total value locked.<\/p>\n<p>PENDLE token, over the past week, has significantly outperformed the wider cryptocurrency market, as measured by the CoinDesk 20 (<a href=\"https:\/\/indices.coindesk.com\/coindesk20\">CD20<\/a>) index, which rose 13.15% over the period.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pendle\u2019s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol\u2019s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41322","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41322"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41322\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}