Learn one DeFAI a day | Use good tools to speed up research by half INFINIT article

➤ Take you to use Pendle + INFINIT to analyze market trends

- Therefore, if the PT discount is large, it indicates that the market expects a higher future yield (or weaker demand, requiring a higher return to compensate for the discount period).
- If the PT price approaches its nominal value, it indicates that the market believes future returns will stabilize and the risk is lower.

Then you can quickly understand market changes by observing the variations in PT / YT yield rates and TVL across different chains and pools.

First, ask INFINIT about the current state of the Pendle cross-chain market (it will also suggest what else you should ask).

So整理一下得到，都是 INFINIT 給的資料 ⬇️

➤ Ethereum is institution-led, with stable returns at its core.

TVL reached 5.24 billion USD (accounting for 91.8% of the entire market)
Daily trading volume exceeds 100 million USD, with over 100 active pools.
The PT collateral scale has reached 2.67 billion USD, with over 2 billion used in Aave as robust collateral.
User preferences for stablecoins sUSDe, tUSDe, tBTC and long-term yield strategies
The yield range stabilizes, with the stablecoin pool maintaining an 8-25% APY.

It is very clear that ETH has become the standard allocation in the stable yield market of DeFi, similar to the government bond market, with institutional versions of E Guardians and long-term capital concentration aimed at locking in fixed income rather than speculative interest rate spreads. The large TVL in sUSDe indirectly suggests the rise of Ethena.

➤ Base is a high-yield pool that is growing rapidly, dominated by retail investors.

TVL approximately 45 million USD, monthly growth +23%
Users are mainly retail and risk-seeking, with pools like SKAITO and yoUSD often yielding over 40%, frequently operating to pursue short-term excess returns.

Base attracts more capital that dares to take on volatility, pushing towards areas with higher yields but greater fluctuations.

Use INFINIT to directly navigate Pendle, helping us observe the price and interest rate changes of PT / YT across different chains, analyzing the market consensus on yields. I also actually went to Pendle to check the data, and it is accurate (no AI hallucinations).