Defellama

On March 19th, according to Defellama data, the total lockup value (TVL) of Pendle in the DeFi yield market reached a record high of $38.35 million. The DeFi yield market Pendle TVL reached a record high of $38.35 million Analysis based on this information:The DeFi yield market has witnessed an unprecedented rise in demand, and Pendle has emerged as a promising name in the industry. On March 19th, Defellama data reported that Pendle’s Total Lockup Value (TVL) reached a record high of $38.35 million, indicating the platform’s immense potential and its users’ trust in it. Total lockup value refers to the total amount of assets locked in a smart contract. This metric is used to gauge the popularity and success of DeFi projects. The surge in Pendle’s TVL is a testament to its ability to generate high yields and provide liquidity to users. Pendle is a decentralized platform that allows users to earn yields in the form of ERC20 tokens….