Overall Size
Grove Finance locks about $1.25 billion, making it larger than Pendle, which holds roughly $1.03 billion. Both platforms have seen a TVL decline over the past week, with Pendle down about 3.3% and Grove down about 6.9%.
User Activity and Fees
Pendle processes around $224 million in daily volume, whereas Grove reports no 24‑hour volume. Despite the lack of volume, Grove generates about $113 k in daily fees, far exceeding Pendle’s roughly $15 k fee intake.
Network Reach
Pendle operates on 14 different chains, including Ethereum, Arbitrum, Base and Avalanche, giving it a broad multi‑chain presence. Grove Finance is available on five networks, focusing on Base, Ethereum, Avalanche, Plume Mainnet and Robinhood Chain.
Who Might Prefer Each Platform
Pendle suits users interested in trading tokenized future yield on an automated market maker. Grove appeals to those looking to allocate capital into real‑world assets, Aave lending, Morpho vaults and Curve LP positions within a more concentrated set of chains.