Pendle's RWA TVL Share Climbs to 97%
Pendle's official data show the protocol holds 2.45 million STRC non-custodially through the STRC yield-token market, positioning Pendle as a key venue for on-chain digital credit yield pricing and liquidity. TVL in Pendle's USDG liquidity pools—backed by U.S. Treasuries—has risen to $230 million, and Aave's $120 million allocation for Pendle PTUSDG has been fully taken up. Real-world assets now represent 97% of Pendle's total TVL.