Pendle Tokenized Stocks Surge as PENDLE Price Nears $1.40

Pendle has overtaken its peers to become the largest DeFi venue for tokenized stocks, with its tokenized-stocks TVL reaching roughly $53.5 million, or about 18.5% of the $289.1 million market, up from seventh place in around six weeks. The PENDLE token is trading near $1.40 even as the protocol's tokenized-stocks growth outpaces its price performance. The shift matters because it positions Pendle at the center of the emerging tokenized-equity segment in DeFi. Traders will watch whether PENDLE can break through the $1.40 level and whether the $53.5 million TVL continues climbing toward a larger share of the $289.1 million market.