Wu said that according to DeFiLlama data, Pendle's TVL has dropped by nearly 50% from $13 billion to about $6.6 billion in the past seven days. KOL Route 2 FI said that this may be due to the release of Plasma, which led to the decline caused by the release of ENA/AAVE/Pendle revolving loans; With Pendle's upcoming launch of the Plasma network, TVL is expected to pick up.
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