Pendle's trading volume exceeded 500 million US dollars yesterday, setting a new record for daily trading volume

News on March 28, the yield trading protocol Pendle set a new record for single-day trading volume on March 27, exceeding $500 million. Pendle co-founder @tn_pendle stated that even though Pendle has become a leading DeFi protocol in the industry, compared to traditional finance, there is still huge growth potential in the DeFi market. Pendle plans to break through existing limitations by 2025 through its Citadels plan and aims to connect resources from traditional financial markets to provide the highest quality fixed income sources for various types of institutional users. As of press time, Pendle's TVL reached $3.433 billion.