Pendle Emerges as One of DeFi’s Top Revenue Protocols in 2025

In a market where sustainable revenue remains rare, Pendle has quietly positioned itself among the strongest-performing DeFi protocols in 2025. According to TokenTerminal data, Pendle generated $33 million in cumulative revenue year-to-date, placing it third across the entire DeFi money market sector, behind only Aave and Spark. source: https://www.ethnews.com/pendle-emerges-as-one-of-defis-top-revenue-protocols-in-2025/