Pendle generated $33 million in year-to-date income in 2025, rating third within the DeFi cash market sector behind Aave and Spark, based on Token Terminal information cited in a Dec. 18, 2025 report.
The positioning indicators resilient, usage-led monetization at a time when many protocols lean on incentives as an alternative of natural demand. The report attributes income era to a number of product strains, together with yield tokenization, restrict orders with AMM performance, vePendle, and Boros, enabling customers to separate and commerce principal and yield publicity by way of PT and YT constructions.
Subsequent, market contributors can be watching whether or not yield narratives proceed to drag liquidity towards Pendle and whether or not worth accrual stays aligned, with the report stating that 80% of protocol income flows to vePENDLE holders, whereas 10% goes to the treasury and 10% to operations.
Supply: Token Terminal.
Disclaimer: Crypto Economic system Flash Information are primarily based on verified public and official sources. Their goal is to supply quick, factual updates about related occasions within the crypto and blockchain ecosystem.
This info doesn’t represent monetary recommendation or funding suggestion. Readers are inspired to confirm all particulars by official venture channels earlier than making any associated selections.
