Similar trajectory coming for @protocol_fx. You can already see it happening. $FXN = the kingmaker trade of this cycle. 👑
Historic @pendle_fi TVL numbers, as per @DefiLlama August 24th, 2022 = $6.88M August 24th, 2023 = $117.51M August 24th, 2024 = $2.78B August 24th, 2025 = $12.285B A 1,495x increase in three years.
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