Alea Research: Pendle TVL up 43% but 91% of deposits mature by Dec 17
- —Pendle V2 TVL reached $1.16 billion, with a 93% share of the yield-tokenization market
- —RWA dollar assets rose $395 million to $949 million, or 82% of balances
- —V2 revenue fell to $2 million from $3.98 million as trading volume dropped 47%
- —$1.06 billion matures by Dec 17; TVL had already fallen to $950 million by Oct 22
Why it matters: Pendle's outlook hinges on rollover of December maturities; without reinvestment, TVL could fall to about $700 million.
Source: TokenPost