Pendle Ranks Second on XLayer by TVL in Under a Month

Pendle has climbed to second place among protocols on X Layer by total value locked, with roughly $37.5 million recorded in a DeFiLlama snapshot fetched September 7, 2026, trailing only Aave V3. The reported milestone arrived less than a month after Pendle's X Layer TVL first registered, though the exact launch date remains unverified. TLDR KEYPOINTS Pendle V2 ranked second by TVL among protocols on X Layer, behind Aave V3, per DeFiLlama data. The move is reported to have happened in under a month, but no official launch date confirms the timeline. TVL alone does not establish user adoption, trading volume or protocol revenue. Pendle reaches second place on X Layer by TVL Total value locked (TVL) measures the dollar value of assets deposited in a protocol. On X Layer, an EVM Layer 2 network that uses OKB as its native gas token, according to OKX's network overview, Pendle V2 now sits second by that metric. For related coverage, see Harmony to Shut Down Network, Migrate ONE to Ethereum. Where Pendle stands in X Layer's TVL rankings DeFiLlama's protocols data showed Pendle V2 holding $37,503,317.62 on X Layer when fetched on September 7, 2026. After excluding entries categorized as centralized exchanges, Pendle ranked second, and grouping entries by parent protocol left it second as well. For related coverage, see Liquid Network Releases 3,996 BTC After L-BTC Burn. Pendle V2 TVL on X Layer $37.50 million DeFiLlama protocols snapshot fetched September 7, 2026: Pendle V2 held $37,503,317.62 on X Layer and ranked second after excluding centralized exchanges. Parent-protocol grouping also placed Pendle second. Official launch timing remains unverified. Aave V3 led the network with $106.97 million on X Layer in the same snapshot. Uniswap V3 held $31.28 million, below Pendle, with Uniswap V2 and V4 recorded as separate entries that stayed under Pendle even when summed. These figures describe X Layer TVL only, not each protocol's total across all chains. For related coverage, see Liquid Network Hack: WatcherGuru Reports 4,000 BTC Withdrawal. Aave V3 TVL on X Layer $106.97 million In the same DeFiLlama snapshot fetched September 7, 2026, Aave V3 held $106,970,283.83 on X Layer, ahead of Pendle V2. These figures describe X Layer TVL, not each protocol’s total TVL across all chains. The ranking concerns protocols deployed on X Layer specifically. It does not describe Pendle's position across all blockchains, where the protocol competes on a much larger stage. Pendle recently expanded its tokenomics with a new sPENDLE staking model. The timeline behind Pendle's under-a-month milestone Establishing the start and end dates Pendle's X Layer TVL history begins at a data point dated August 19, 2026, with $6.14 million recorded, and the latest returned point, timestamped September 6, 2026, shows the same $37.5 million figure.