Pendle TVL Projection by Spartan Group Sees $20 Billion Growth
- Spartan Group projects Pendle’s TVL and market growth.
- Valuation potentially exceeds $6 billion.
Spartan Group, a well-known digital asset investment research institution, has released a report forecasting that Pendle Finance’s TVL could reach $20 billion. This growth assumption hinges on capturing 25% of the yield-bearing stablecoin market.
Despite current market turbulence, Pendle’s leadership, spearheaded by founder TN Lee, continues its development activities, as evidenced by high GitHub engagement. However, no direct statements have been made by key executives regarding these projections.
“If Pendle achieves the projected TVL of $20 billion, the annual revenue could be approximately $200 million, leading to a protocol valuation exceeding $6 billion based on a 30x revenue multiple.” — Spartan Group, Investment Research Institution
The immediate market impact suggests a significant shift in DeFi protocols’ TVL metrics. This forecast may draw interest from investors, potentially impacting the valuation of governance tokens.
Financially, this growth could see Pendle’s valuation exceed $6 billion. The valuation reflects a potential 30x revenue multiple, assuming the $20 billion TVL target is achieved.
Should Pendle’s growth trajectory align with Spartan Group’s expectations, historic DeFi trends suggest possible revenue growth and protocol integrations. The implications could impact stablecoins like USDC and USDT.
