Pendle Volume Hits $221.5 Million, a 30-Day High

Pendle recorded $221.5 million in trading volume, its highest level in 30 days, with Ethereum accounting for nearly all activity. The protocol’s reported locked value remained close to $1.03 billion at the latest daily snapshot. The volume spike matters because it signals renewed trading interest in Pendle’s yield-tokenization markets even as total value locked stayed broadly stable. Watch whether the elevated turnover persists on Ethereum and whether it translates into a sustained change in TVL.