Plasma News Today: Stablecoin Engine Drives Pendle's $318M TVL Surge in 4 Days

Pendle Finance, the world's largest yield trading platform in crypto, has achieved a record $318 million in Total Value Locked (TVL) within four days of launching on Plasma, a blockchain startup backed by billionaire Peter Thiel. The rapid influx of liquidity, reported on October 7, 2025, marks one of the fastest growth spurts in DeFi history for a new chain, according to onchain data from platforms like DeFi Llama. This milestone underscores Pendle's ability to scale rapidly on high-demand chains, leveraging Plasma's stablecoin-native infrastructure to offer capital-efficient yield strategies.

The TVL surge began with a $100 million threshold crossed within half a day of the October 2 launch. By day two, liquidity had already reached $170 million, driven by demand for yield products tied to stablecoins such as Ethena's USDe, sUSDe, Maple's SyrupUSDT, and USDai. Pendle's integration with Plasma enabled the deployment of five distinct yield markets at launch, catering to varying risk profiles and maturity timelines. These markets, combined with exclusive XPL token incentives, accelerated capital inflows by aligning rewards for liquidity providers and yield token holders.

User testimonials further highlight the tangible returns generated. A user known as St1t3h reported earning $1,000 in monthly profits through Pendle's yield strategies on Plasma. Such anecdotal success stories are amplifying trust in the platform, reducing barriers for new participants, and validating Pendle's value proposition in a competitive DeFi landscape.

Plasma's infrastructure, designed for low latency and high throughput, has been pivotal to this growth. The platform's focus on stablecoin-centric operations-paired with Pendle's tokenization of yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT)-enables novel strategies for fixed yield capture, speculation, and hedging. Plasma's CEO acknowledged the integration as a strategic move to boost DeFi activity, citing the potential for increased usage and composability across ecosystems.

The growth trajectory is supported by broader market dynamics. After periods of cautious capital allocation, investors are increasingly seeking high-efficiency yield venues. Pendle's aggressive incentive design, including weekly XPL token distributions totaling $900,000, has further incentivized participation. Analysts note that the alignment of product innovation and reward programs has created a "smart, bold move" in the current yield landscape.

Quotes from key stakeholders emphasize the significance of this expansion. TN Lee, Pendle's CEO, stated that the $318 million growth reflects renewed vigor in DeFi yield, particularly for stablecoins. Crypto KOL CryptoLinn highlighted the velocity of capital inflows, calling it a "strong signal" of market readiness. Meanwhile, user St1t3h underscored the platform's accessibility, stating, "That's real yield, real capital, real trust."

Pendle's integration with Plasma is part of a broader strategy to expand its cross-chain yield-tokenization model. Since its inception in October 2020, Pendle has become a leading protocol for granular, composable yield exposure. The partnership with Plasma-now hosting over $2 billion in stablecoin assets-positions Pendle to further democratize access to DeFi yield, particularly for unbanked populations.

Source: [1] DailyHodl (https://dailyhodl.com/2025/10/07/pendle-grows-an-additional-318-million-tvl-just-four-days-after-plasma-launch/)

[2] KuCoin (https://www.kucoin.com/news/flash/pendle-s-tvl-on-plasma-surpasses-100m-in-half-a-day-boros-launches-new-feature)

[3] Chainwire (https://chainwire.org/2025/10/07/pendle-grows-an-additional-318-million-tvl-just-4-days-after-plasma-launch/)

[4] X (https://x.com/Plasma/status/1954925706485604390)

[5] FinanceFeeds (https://financefeeds.com/pendle-brings-defi-yield-opportunities-to-plasma/)

[7] Business Insider (https://markets.businessinsider.com/news/currencies/pendle-grows-an-additional-318-million-tvl-just-4-days-after-plasma-launch-1035273479)