One thing is clear from Pendle's on-chain matrix data, the project fundamentals and activities remain consistently high. ⭌ Pendle reported $16.17M in fees and $15.85M revenue in Q3 and Q2 and Q1 also saw steady growth. ⭌ Fees and revenues have come down at the beginning of Q4, but earnings and net income are still positive. ⭌ There have been some major fluctuations in token inflows/outflows, especially in July and September, suggesting that liquidity is quite dynamic. ⭌ Chain and token value data shows that diverse assets and TVL are changing rapidly, with the dominance of stable assets like SU$DE and K$HYPE also showing. Pendle has kept the tokenomics and user base active with strong earnings this year, with fluctuations in recent quarters showing short-term volatility. It is trackable for smart users, especially those who do fundamentals and real data based trading.
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