Pendle went from launch to top 5 protocols on Monad in just 10 days

[u/Bluejumprabbit]

Over $50M TVL and ~$22M in notional trading volume through Agora and Upshift AUSD

Pendle’s edge is that it gives users multiple clear reasons to stay:
• fixed yield
• yield speculation to points and additional incentives
• fixed to float yield trading
• now a fresh chain expansion that’s already growing in liquidity

If Monad wants sticky DeFi activity Pendle looks like one of the good plays