Pendle Finance On-Chain Data Now Live on Binance App, Enhancing Transparency for Millions

Singapore – Pendle Finance, a prominent decentralized finance (DeFi) protocol, has integrated its on-chain financial data directly into the Binance app, making fundamental metrics accessible to millions of users. This development was announced by Token Terminal, a leading on-chain data platform, stating, "🚨📊 @pendle_fi's onchain financials are now live on the @binance app. Fundamentals are growing in importance." The move signifies a growing emphasis on data transparency and fundamental analysis within the cryptocurrency market.

This integration is a result of a collaboration between Binance and Token Terminal, where Token Terminal provides standardized on-chain data infrastructure to the world's largest cryptocurrency exchange. According to Jeff Li, VP of Product at Binance, "Token Terminal provides a reliable infrastructure for on-chain data, which supports our efforts to improve data accessibility and transparency on the Binance platform." This partnership aims to set a new benchmark for how on-chain data is leveraged by a mass audience.

Pendle Finance specializes in yield tokenization, allowing users to separate and trade future yield from yield-bearing assets. This unique approach enables sophisticated yield management strategies, offering both fixed and variable yield opportunities. The protocol has gained significant traction, especially with the rise of liquid staking derivatives (LSDs) and liquid restaking tokens (LRTs), making its financial performance increasingly relevant to a broader investor base.

The availability of Pendle's on-chain financials directly within the Binance app empowers users to conduct deeper due diligence beyond mere price action. It provides insights into the protocol's revenue, fees, and other key financial and usage metrics, fostering a more informed investment environment. This initiative aligns with the broader industry trend towards greater transparency and the use of verifiable on-chain data for evaluating crypto projects.

The integration underscores Binance's commitment to enhancing its platform with institutional-grade data, while Token Terminal continues its mission to standardize financial data for decentralized applications. This step is expected to further bridge the gap between complex DeFi protocols and mainstream crypto users, potentially driving more informed participation and investment in the decentralized finance ecosystem.