Pendle (PENDLE)

Pendle lets holders of yield-bearing assets split them into a Principal Token and a Yield Token, so users can lock in fixed yield or speculate on future yield separately from the underlying asset. Total value locked has grown past $1.28 billion across 14 chains in 2026, and September brought Pendle's first push into mainstream retail: a live deployment on Robinhood Chain followed by an ORBIO market on that chain aimed at Robinhood's user base.