[PRESS RELEASE – Singapore, Singapore, October 7th, 2025]

Pendle Finance, the largest yield trading platform in crypto, has successfully recorded $318 million in Total Value Locked (TVL) just four days after launching on Plasma. This achievement solidifies Pendle’s ability to rapidly adapt and serve new chains that have a high demand for capital-efficient yield-based strategies.

Liquidity Surge: $318M in Four Days

In the initial 96 hours following the deployment on Plasma, Pendle attracted $318 million in new liquidity. On-chain data indicates that this TVL increase is among the fastest growth rates observed on any new chain in DeFi history. More details

Plasma, a blockchain startup backed by billionaire Peter Thiel, is designed as a stablecoin digital bank to facilitate easy access to saving, spending, and earning, particularly for the unbanked. By launching on Plasma, Pendle is expanding its reach to a global user base.

By the second day, total liquidity had increased to $170 million, aided by confidence generated across various markets, including Ethena’s USDe and sUSDe and Maple’s SyrupUSDT.

This liquidity influx underscores the strong market demand for Pendle’s offerings. Following the announcement of exclusive $XPL rewards on October 2nd, Pendle users now benefit from enhanced yields and additional incentives, outperforming returns on the underlying assets. This is just the first of many initiatives in a broad XPL rewards campaign aimed at accelerating Pendle’s growth on Plasma. Read more

Plasma views this integration as beneficial for their ecosystem, acknowledging the potential increase in DeFi activity that Pendle’s presence may foster. Further insights

Tangible Yield: “I Made $1,000 Using Pendle on Plasma”

Specific users have begun to see real returns. A post by user St1t3h reported a $1,000 profit through yield strategies on Pendle using Plasma. See the post

This personal account highlights that the yield opportunities on Plasma are not just theoretical; users are converting their capital into substantial gains quickly. As these and other personal testimonies spread, they bolster trust and encourage new users to participate.

Factors Contributing to the Growth

Several factors have combined to drive Pendle’s expansion:

• Seamless Plasma integration: Compatibility with Plasma’s stablecoin-native, high-throughput infrastructure.
• Comprehensive yield markets at launch: Multiple yield pools were available from day one, providing varied strategies and maturities, with more to come.
• Aligned incentives: Exclusive rewards for both liquidity providers and traders (via the XPL token) drove capital inflows, benefiting Pendle and its partners.
• Renewed interest in yield-seeking capital: Investors are revisiting high-efficiency yield avenues after a period of cautious capital allocation.

Media reports noted Pendle’s TVL exceeded $100 million in just half a day. Check the report

Analysts and DeFi commentators have also recognized Pendle’s entry into Plasma as a strategic and assertive move in the current yield landscape.

Pendle and Plasma: A Strategic Partnership

Pendle’s transition onto Plasma embeds its core yield-tokenization framework within a scalable, stablecoin-centric setting. Key aspects of the launch include:

• Five yield markets launched: At the outset, Pendle introduced five distinct yield markets on Plasma, covering various stablecoins and risk/reward profiles.
• XPL incentives: Pendle secured significant token rewards in XPL for liquidity providers and yield token holders, establishing a robust partnership with Plasma.
• Balanced incentive structure: The rewards model aligns interests among market participants (LPs, PT holders, YT traders), enhancing market depth and sustainability.
• Scalable platform support: Plasma’s infrastructure fosters high-frequency yield operations, arbitrage, and composability. See details here

Quotes

“$318M in four days signifies a resurgence in DeFi yield, especially with stablecoins. Plasma’s infrastructure enables us to quickly create yield markets, benefitting our users.” — TN Lee, CEO Pendle

“Over $100M in TVL within hours, and $280M in days, signals strong capital readiness for Pendle’s offerings when product and incentives align.” — CryptoLinn, Crypto KOL

“I’m making $1,000 profit per month using Pendle on Plasma — that’s real yield, real capital, real trust.” — St1t3h, Pendle user See the post

About Pendle

Pendle, the leading yield trading platform in crypto, allows users to tokenize yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), unlocking new strategies across fixed yield capture, speculation, hedging, and leverage. Since its inception in October 2020, Pendle has consistently pioneered yield innovation across multiple blockchains.