According to Milk Road, Pendle's trading volume in 2024 experienced an explosive 90-fold increase compared to the previous year, now processing $36 billion annually. Despite this impressive growth, Pendle's share remains small relative to the $400 trillion financial market it aims to capture. This expansion signals rising mainstream adoption of DeFi protocols and could drive further liquidity and participation in the cryptocurrency sector, making Pendle a key platform to watch for traders seeking exposure to yield-generating crypto assets (Source: Milk Road, May 22, 2025).