Pendle's average TVL is projected to reach $5.8 billion by 2025, with a total transaction volume of $47.8 billion.

Odaily Planet Daily reports that Pendle officially released its 2025 year-over-year review: the platform's average annual TVL reached $5.8 billion in 2025, peaking at $13.4 billion, a 79% increase compared to the previous year. Total transaction volume reached $47.8 billion, a 36.5% year-over-year increase. The number of new users increased by 155,553, a 48% increase from 2024. The platform's main investment targets were stablecoins (85%), Bitcoin (3%), Ethereum (5%), and others (7%). Pendle provided $58 billion in fixed income, a 161% year-over-year increase.

Pendle's Boros, launched in 2025, achieved a trading volume of $5.5 billion within four months, with open interest reaching $80 million, accounting for 0.04% of the total market size.