The market value of income-based stablecoins reached US$11 billion, accounting for 4.5% of the stablecoin market
According to online reports, the market value of income-based stablecoins has reached US$11 billion, accounting for 4.5% of the overall stablecoin market. Compared with US$1.5 billion and 1% market share at the beginning of 2024, it has achieved a significant increase. Decentralized agreement Pendle currently accounts for 30% of the total locked position (TVL) of income-based stablecoins, or approximately US$3 billion. The report shows that stablecoins account for 83% of Pendle's total lockups, a significant increase from less than 20% a year ago.
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