Pendle recorded a 45% increase in average monthly active users during the fourth quarter of 2025, according to Token Terminal data based on the protocol’s official report. The quarterly average reached around 42,500 active addresses, up from third-quarter levels, marking the strongest user growth of the year.
The report shows that the rebound was driven by sustained activity rather than isolated spikes. During the quarter, Pendle expanded the use of its yield products, with a clear segmentation across user profiles.
Yield Tokens concentrated demand from retail users, particularly in strategies linked to capital efficiency and airdrops. Principal Tokens gained traction among whales and institutional firms, focused on capital preservation and fixed-term growth.
User growth coincided with the protocol’s cross-chain expansion. Pendle enabled access to its products on BNB Chain, Arbitrum, and Unichain, and confirmed a future integration with Solana. This expansion allowed the protocol to bring in additional liquidity and users beyond a single ecosystem.
Source: https://tokenterminal.com/explorer/projects/pendle/metrics/user-dau
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions
