Pendle Launches on HyperEVM, Expanding DeFi Reach
- Pendle launches on HyperEVM, expanding DeFi potential.
- $7 billion TVL peak showcases demand.
- Pendle and HyperEVM collaboration enhances DeFi reach.
Pendle has launched on HyperEVM, an Ethereum-compatible chain developed by Hyperliquid, on July 2025, extending its DeFi yield functionalities to a broader audience.
The expansion is set to catalyze substantial DeFi growth with $7.021 billion total value locked, impacting ETH, $PENDLE, and Hyperliquid’s HYPE tokens significantly.
Pendle is officially live on HyperEVM, launched by Hyperliquid with Ethereum compatibility. The chain aims to expand Pendle’s yield-stripping capabilities. Project accounts actively teased this development since late July 2025.
Pendle’s team led by TN Lee promotes this integration on official channels. Hyperliquid facilitates this collaboration through their Hyper Foundation devs. This integration promises to bring new DeFi opportunities to yield traders.
Market reactions indicate a positive outlook with Pendle’s Total Value Locked peaking at $7.021 billion. This reflects investor confidence and increased protocol activities as the launch unrolls on HyperEVM.
The expansion primarily impacts yield-bearing assets including ETH and PENDLE tokens. HyperEVM’s gas token HYPE also stands to benefit as it sees increased liquidity routes and user interactions.
No funding or grants announcements were observed. Analysts expect existing user interest could shift to DeFi applications on HyperEVM, reflecting previous cross-chain expansions driving short-term gains.
Historical trends in DeFi cross-chain deployments have shown short-term surges in both TVL and volume. Similar expectations now arise for Pendle’s assets in Hyperliquid’s ecosystem, emphasizing a potential market boost for related tokens.
“Thank you to all the builders and users who have shared feedback on testnet so far. It will be exciting to see new applications leveraging and building upon the existing on-chain financial system of Hyperliquid.”
