Citrini Names Pendle a Key RWA Player With $1.3B TVL
- —Citrini pegs Pendle's TVL at roughly $1.3 billion
- —80% of protocol fees are allocated to PENDLE buybacks
- —Buybacks returned about $3.8 per dollar emitted from July to September
- —Citrini calls Pendle a second-order trade on the RWA market
Why it matters: Demand is shifting toward tokens with real revenue and buyback mechanics, which could support PENDLE and draw institutional interest to the RWA sector.
Source: Coinfomania