Pendle pricePENDLE

DeFi is back at scale. Total DeFi TVL has crossed $160B, the highest since the 2021 cycle, and within that, lending protocols dominate with $83.6B locked. ➢ Base APYs: 4–5% on stables, showing compression as capital floods in. ➢ Looping meta: Spark, Euler, and Morpho still unlock 20–25% compounded yields. ➢ Leaders: Aave ($41B, 49% share), Morpho ($8.5B), Spark ($5.5B), JustLend ($5.2B). ➢ Revenue power: $42.7M in fees and $5.56M revenue over the last 7d → $3.2B annualized fee run-rate. The story isn’t just deposits returning. It is that DeFi lending is monetizing like never before while offering permissionless yield curves that beat both banks and RWAs. ● Market Context: $130B Total, $85B Lending - Total DeFi TVL: $163B (cycle ATH), +100% since September 2024. - Lending share: $83.6B (≈65% of DeFi). This cycle’s composition is clear: money markets are once again the engine, powered by stablecoin inflows ($224B sector mcap, +76% YoY). Lending’s comeback follows the 2022 crash, when TVL cratered to $20B. Now, capital is flowing back into permissionless repo desks; Aave Arc’s $50B institutional bridge, Spark’s stablecoin yield layer, and Morpho’s peer-to-peer optimization. ● Key Players & Market Share 1️⃣ @aave - $40.98B TVL (≈49% market share). - $23.9M fees in the last 7d, $3.22M revenue. - $3M+ daily fee engine; AAVE token trades $300, with 8% staking yield. 2️⃣ @MorphoLabs - $8.55B TVL across 22 chains. - $3.8M fees in the last 7d. - Vaults delivering 10–15% APY; fixed-rate pilots attracting institutions. 3️⃣ @sparkdotfi - $5.5B TVL. - $1.6M fees in the last 7d. - $sUSDS yields 8–9% base; loops hit 12–13%. - $5.2B TVL. 4️⃣ JustLend (@DeFi_JUST) - Sub-1% base APY but loops via Morpho hit 12%+. - Anchors TRON’s $60B $USDT ecosystem, serving EM flows. 5️⃣ @eulerfinance - $1.64B TVL, +38x from post-hack lows. - $2.3M fees in the last 7d. - Permissionless markets allow 20–25% looped yields. ● Yield Dynamics: Looping as the Alpha Unlock ➢ Base lending rates are converging toward 4–5%. But leverage is back: ➢ Looping mechanics: Supply $USDC to Aave (4%), borrow $USDT at 2.5%, redeposit. At 90% LTV, 7–10x recursion compounds into 20–25% APYs. ➢ Volume impact: RedStone oracles estimate 30% of Ethereum lending activity is looped, creating $12–15B in open interest. ➢ Pendle tie-in: PT markets let users lock in fixed slices of those looped yields, further institutionalizing the strategy. Portfolio View: A 10–15% tilt toward looped stable strategies via Aave/Spark/Morpho can deliver uncorrelated 20%+ yields in a market still starved for real yield.

RT @kenodnb: aarnâ remains one of the highest-yield stablecoin opportunities on @pendle_fi. PT atvUSDC (12 Nov 2025): 20.79% fixed LP atvU…

Avantis ($AVNT) has quickly emerged as one of the most watched tokens on smart money dashboards, and the data strongly suggests that institutional-style wallets are quietly positioning for continued upside. In the past 24 hours alone, $AVNT has attracted over $112K in inflows, outpacing many larger-cap tokens and signaling fresh capital entering the market. What’s more impressive is that this is not a one-off spike — the 7-day and 30-day flows are both sitting at roughly $554.5K in net positive inflows, highlighting consistent and sustained interest from high-conviction participants. The number of wallets actively trading $AVNT is another factor worth noting. With 25 traders involved, the flow is relatively concentrated, which often implies that larger, more deliberate players are behind the activity rather than scattered retail noise. This concentration can be bullish, as it points to coordinated or high-confidence accumulation rather than speculative churn. Another key metric is token age. At just 143 days old, $AVNT is still a relatively young asset compared to longer-established tokens like Pendle or CAKE. Younger tokens that capture early smart money flows often have more room to run, as price discovery is still unfolding and liquidity profiles are evolving. The fact that $AVNT is drawing such meaningful inflows despite its early stage in the market cycle underscores the belief that it may have significant upside potential ahead. When analyzing smart money flows, consistency matters more than single spikes. Tokens that show strong inflows for a day or two can fade quickly, but those that sustain positive flows across both the weekly and monthly timeframe are usually under genuine accumulation. $AVNT is currently demonstrating exactly this pattern. The positive 7-day and 30-day alignment suggests that this isn’t just speculative noise but rather a structural build-up of positions by experienced players. In summary, the data paints a compelling picture. $AVNT is still young, yet it is already attracting steady smart money inflows, with over half a million dollars net accumulated in the past month. The trader base is concentrated rather than scattered, which often points to conviction-led positioning. Combined with its strong recent technical performance, these inflows indicate that momentum may only be in its early stages. If $AVNT can maintain this level of accumulation while delivering on market expectations, the upside potential remains significant, with the current flows positioning it as a strong candidate for further growth. $AVNT

RT @crypto_linn: started from the bottom…now I'm heeeyaaah Le new pools on @pendle_fi v2: - [ETH] Level slvlUSD 26-MAR - [ETH] Ethena sEN…