Pendle Leads Tokenized-Stock DeFi Gains With $16 Million TVL Increase

Pendle’s tokenized-stock DeFi total value locked (TVL) rose $16 million in 30 days, the segment’s largest gain and ahead of Aave V4. Aave V4’s TVL rose $9.2 million over the same period. Both figures describe changes in TVL, not the venues’ total tokenized-stock holdings. DeFi venues held about $252 million in tokenized stocks in the third quarter. Uniswap v3 and v4 held $82.1 million, Kamino Lend held $51.3 million and Pendle held $33.8 million. Those are total balances, distinct from the 30-day TVL changes. The third-quarter DeFi snapshot provides that earlier context.