CoinVoice has recently learned that according to on-chain analyst @ai_9684xtpa’s monitoring, Pendle TVL has decreased by about 43% in the past week, from a peak of $6.24 billion on June 27 to only $3.54 billion today. Its data panel shows that the average daily TVL has decreased by $123 million compared to yesterday.

The biggest reasons should be two points: On June 27, a large number of LRT PTs expired, leading to capital withdrawal: Justin Sun alone redeemed $293 million in tokens. PT/YT yields plummeted: PT yields fell below 10%, and the new coin launch of the re-staking agreement fell short of expectations, which significantly reduced the demand for YT purchases. [Original link]