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Pendle Trading Volume Reaches $159 Million, With Ethereum Accounting for $121.5 Million
According to one report from The Defiant, daily trading volume on the Pendle protocol reached $159 million, with Ethereum accounting for $121.5 million of that activity.
Ethereum dominates the day's trading
The Defiant reports that Ethereum accounted for $121.5 million of the trading recorded on Pendle during the day, making it the largest share of the protocol's volume.
Locked value grows only slightly
The same report indicates that the total value locked in the protocol rose only modestly over the course of the day, despite the strong trading figures.
Open questions
- Which other networks contributed to the remaining volume?
- How do these daily figures compare with the protocol's recent history?