Yield-bearing stablecoins reach a market value of $11 billion, accounting for 4.5% of the stablecoin market
The market value of yield-bearing stablecoins has reached $11 billion, accounting for 4.5% of the overall stablecoin market. This marks a significant increase from $1.5 billion and a 1% market share at the beginning of 2024. The decentralized protocol Pendle currently holds 30% of the total value locked (TVL) in yield-bearing stablecoins, approximately $3 billion. The report shows that stablecoins account for 83% of Pendle's total value locked, a significant increase from less than 20% a year ago.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock Increases Holdings by 9,989 ETH, Valued at Approximately $26.47 Million

Bitcoin Open Interest Across the Network Hits All-Time High, Surpassing $80 Billion
Aptos: Unaffected by Sui Network Cetus Incident
Michael Saylor: Spend Dollars, Hoard Bitcoin
Trending news
MoreCrypto prices
More








