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MAVRICK13
THE YIELD TRADE JUST GOT LOUD.
On October 20, Pendle processed $158M in DEX volume—its busiest day since November 2025.
$PENDLE rebounded roughly 15% as onchain yield trading accelerated.
Yet the protocol holds approximately $1.11B in TVL, versus a $13.39B peak in September 2025.
A trading-volume comeback is not the same as a capital comeback.
The next test: sustained deposits, fees and revenue—not another impressive candle.
#PENDLE #DeFi
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