News

BlockBeats News, on July 22, data shows that the market capitalization of memecoins on the Solana chain briefly surpassed $37 million and is now reported at $29.5 million, with a 24-hour trading volume of $16.6 million and a 6-hour increase of 81.96%. BlockBeats reminds users that most memecoins lack real-world use cases and are subject to significant price volatility. Please exercise caution when investing.

BlockBeats News, July 22 — Pendle’s total value locked (TVL) reached a new annual high this week, climbing to $5.59 billion. The total amount of Pendle PT in lending platform ecosystems has surpassed $3 billion, with Aave accounting for the largest share—PT collateral on Aave now exceeds $2.46 billion. Pendle collateral on Morpho and Euler has also reached $442 million and $67 million respectively, indicating that Pendle’s structured yield strategies are experiencing synchronized growth across multiple protocols. Currently, the annualized yield for the market’s focus PT-sUSDe (Sep 2025) has risen to 11.11%. As the returns from the July contracts have largely been realized, their prices are now close to principal value. Pendle is reminding users to migrate their funds to the September contracts as soon as possible to lock in fixed yields. On-chain data shows that approximately $1.9 billion is about to flow out from the July series and be redeployed, which is expected to dilute the yield of new PTs. Therefore, the current period presents a low-competition, high-yield window for strategy deployment. Additionally, Pendle has announced a partnership with HyperEVM, with plans to launch more new assets including Hyperwave (hwHLP), Kinetiq (kHYPE), and Hyperbeat Ultra (HYPE), aiming to further expand the asset base and ecosystem influence of its structured yield market.