Pendle Surges to $37.5M TVL on OKX's XLayer

Pendle, a DeFi protocol, has experienced rapid growth on OKX's XLayer platform, reaching $37.5 million in total value locked (TVL) in less than 30 days.

This surge was primarily driven by the integration with Aave V3, which allowed Pendle's principal tokens to be used as collateral with a high loan-to-value ratio.

The combination of liquidity incentives and cross-protocol composability attracted significant capital, capturing about a quarter of XLayer's total DeFi TVL.