Decentralised-finance protocol Pendle has amassed $8.31 billion in total value locked, tripling its asset base since April and overtaking the combined TVL of rival layer-1 networks Sui, Aptos and Sei. The growth follows the platform’s expanded market for yield-token derivatives and a recent integration that directs a share of protocol fees to vePENDLE token holders, according to project updates. In a further sign of resurgent activity across DeFi, lending platform Aave said outstanding loans on its markets have climbed past $25 billion, the highest level on record. Industry researchers put Aave’s overall TVL at close to $50 billion, underscoring increased institutional participation in on-chain credit markets.