- The protocol’s TVL reached $7.02 billion today
- Upcoming developments like Boros, HyperEVM and Converge point to continued growth
- PENDLE’s price flipped bullish after a roughly 8% surge
The Pendle token platform reached a new all-time high for total value locked (TVL) today, touching $7.021 billion.
This surpasses the previous record set in June 2024 of $7.013 billion.
Timing could not be better.
The TVL milestone arrives as Pendle prepares for several significant rollouts in the coming weeks and months, including HyperEVM expansion, the launch of Boros, and integration with Converge.
Rising TVL signals growing capital inflows and greater user confidence in Pendle’s yield trading mechanisms, particularly in the wake of recent stablecoin regulatory developments.
Asset-backed digital tokens have seen increasing demand since the US enacted the GENIUS Act, and Pendle stands to benefit from that trend.
This article outlines what to expect as the protocol lines up these key growth catalysts.
HyperEVM expansion ignites bullish momentum
Pendle remains in the spotlight as it prepares to launch on HyperEVM.
Market speculation suggests this fast-growing, highly used EVM-compatible chain could go live for Pendle as soon as this week.
HyperEVM will boost Pendle’s cross-chain interoperability and expose the protocol to a broader audience.
The upcoming product is more than a Layer 1 or Layer 2 offering—HyperEVM aims to host the next generation of DeFi applications.
Early integration by Pendle should increase interoperability, user activity, and new markets for liquidity.
The team announced Hyperwavefi on July 23 to prepare for the HyperEVM rollout.
As if we needed more proof that HyperEVM is the best place to build…but here it is:
Pendle launched their hwHLP @Hyperwavefi Market just two days ago and it already has $7,93 Million in TVL
Doing $1,5 Million in 24h Volume
In just two Days HyperEVM already has more TVL on… pic.twitter.com/fUDpETpHLD— Tobias Reisner (@reisnertobias) July 26, 2025
Boros unlocks new utility
Another catalyst positioning PENDLE for ongoing growth is the Boros product.
While details remain limited, Boros aims to significantly expand the ecosystem’s total addressable market and introduce new utility for yield-bearing assets.
Some reports indicate Boros could let traders access funding-rate style exposure without interacting with perpetual futures, offering fixed-rate lock-ins for yields.
Scheduled for release in August, Boros is expected to reinforce Pendle’s value proposition by attracting additional capital and users.
$Pendle HyperEVM this week, Boros in August
ATH TVL $7 Bil
Number 1 in all of crypto for last 30 days fees growth (438% increase)
Holders (vePendle) revenue mooning
Bread to the $ENA butter
Direct beneficiary of Ethereum stablecoin narrative & the now passed Genius act. pic.twitter.com/OPKZ4mbREa
— Big Ninjah (@BigNinjah) July 28, 2025
Converge partnership adds momentum
Pendle is one of the principal partners for the upcoming Converge platform, signaling a deeper connection with modular DeFi protocols.
Converge’s token transformation platform will enable yield trading across multiple dollar-denominated assets.
The partnership underscores Pendle’s commitment to on-chain finance and is likely to increase protocol usage and visibility—benefiting PENDLE holders.
Converge explained the rationale:
Tokenized assets require predictable yield rails, liquidity, and composability. By building on Converge, Pendle brings fixed-rate products, hedged yield, and liquidity strategies to tokenized securities and institutional dollar assets.
The upcoming launches, stablecoin growth, and protocol expansions are positioned to drive further growth for Pendle in the weeks and months ahead.
PENDLE price outlook
The altcoin traded at $4.72 following an impressive 24-hour performance.
Clearing significant resistance between $4.80 and $4.90 could support a substantial move toward $9.
PENDLE trades above the 50- and 100-period exponential moving averages on the daily chart, indicating bullish momentum.
Broad market sentiment is positive, and with the Pendle catalysts on the horizon, the token could see meaningful gains over the coming weeks and months.