Pendle becomes second-largest DeFi venue for tokenized stocks with 17% share
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Pendle has become the second-largest DeFi venue for tokenized stocks, capturing a 17% share of the market. The protocol's rapid ascent underscores growing demand for on-chain equity exposure through decentralized finance. Pendle, known for yield trading, now trails only the leading tokenized-stock venue in market share. The milestone highlights how yield-trading infrastructure is expanding beyond fixed-rate crypto yields into real-world asset derivatives. Market participants should watch whether Pendle's share holds as competing venues scale and as tokenized equity volumes evolve.
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Pendle