Pendle V2 TVL Hits $1.3B Avg, Boros Volume Surges 50% in H1 2026

Pendle V2 maintains $1.3B average daily TVL with 9 of 11 markets using RWA collateral. Boros exceeds $14B cumulative volume. H2 roadmap targets institutional ETFs and cross-exchange arbitrage.

Woofun AI reports that Pendle co-founder TN and Head of Growth Dan outlined the second-half 2026 roadmap during a community meeting, highlighting H1 progress in fixed-income infrastructure. Pendle V2 recorded an average daily total value locked of approximately $1.3 billion, with nine of the eleven major markets utilizing real-world assets as collateral. The protocol expanded to the Monad network, reaching roughly $150 million in TVL within a month to rank among the top five protocols. Governance migration from vePENDLE to sPENDLE is complete, with 36% of tokens staked and 93% of stakers remaining active. Revenue was used to repurchase 2 million PENDLE tokens, while weekly liquidity incentives dropped from 90,000 to 21,000. A one-click Loop feature was introduced for leveraged yield strategies.

Boros surpassed $14 billion in cumulative trading volume within its first year, with user counts rising 50% since the start of the year. New features include four-legged arbitrage strategies, block trade acceptance, and a funding rate dashboard. For H2 2026, Pendle will advance curation infrastructure to allow external teams to create PT/YT markets and promote PT assets as lending collateral. Partnerships with entities like Morpho will launch branded yield vaults. Institutional efforts involve collaborating with New York-based RWA issuers to introduce tokenized ETFs and single bonds. Boros will prioritize cross-exchange funding rate arbitrage for institutions and launch peer-to-peer acceptance markets and visualization tools for retail users.