Update
Pendle Ranks Second in DeFi Tokenized Stocks Market
Yield-trading protocol Pendle has rapidly ascended to second place in the DeFi market for tokenized stocks, holding about 17% of the market. This significant increase occurred within a month, following a surge in tokenized equity deposits. Pendle's market share has grown from seventh to second place, outpacing other competitors such as Uniswap and Kamino. The protocol's core design, which splits yield-bearing assets into principal and yield tokens, has enabled it to enter this market. Pendle has also launched new yield markets on networks like Base and Robinhood Chain, contributing to its growth.