Pendle Surpasses $3 Million in Cumulative Buybacks Amid Growing Staking Participation

Pendle's cumulative $PENDLE buybacks have surpassed $3 million, marking a significant milestone in its tokenomics strategy. This achievement reflects the project's commitment to managing supply and rewarding long-term holders.

The protocol has also seen substantial staking participation since introducing staking functionality six months ago. Over 100 million $PENDLE tokens, representing approximately 36% of the total token supply, have been staked.

This growth in staking activity, combined with declining new issuance and active buybacks, creates deflationary pressure on the token supply. This development may support price stability and reward long-term holders.