Pendle Reports 45% Increase in Active Users in Q4 2025 Amid Cross-Chain Expansion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 21 2026- Significant User Growth: Pendle's monthly active users (MAU) reached approximately 42,500 in Q4 2025, reflecting a 45% quarter-over-quarter increase, indicating strong user momentum and sustained demand for Pendle's yield and principal token products.
- User Engagement Patterns: The report highlights that retail users prefer Yield Tokens (YTs) for capital-efficient exposure, while institutional participants increasingly favor Principal Tokens (PTs) for wealth growth and capital preservation, showcasing Pendle's ability to cater to diverse investment strategies.
- Cross-Chain Expansion Benefits: Pendle's expansion of cross-chain Principal Token offerings across multiple networks, including BNB Chain and Arbitrum, reduces entry barriers for new users and is expected to further enhance user base and liquidity.
- Transitioning to Mature Growth: The combination of 45% MAU growth, differentiated product demand, and expanded cross-chain access suggests Pendle is transitioning into a more mature growth phase, with user adoption driven by sustained product-market fit rather than isolated incentives.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
