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Pendle Cuts Incentives by More Than Half as Q3 Revenue Falls to $2 Million

RWA-backed dollar markets made up 82% of Pendle’s TVL at the end of Q3 2026, while quarterly revenue fell to about $2 million.
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RWA-backed dollar markets made up 82% of Pendle’s TVL at the end of Q3 2026, while quarterly revenue fell to about $2 million.