Size and money locked

Pendle has about $1.0 billion locked across its protocol. Veda’s total value locked is around $1.8 billion, making it the larger platform in terms of assets. Both projects saw a slight decline in TVL over the past week, with Pendle down about 3 % and Veda down about 1 %.

Activity and fees

Pendle recorded roughly $224 million in 24‑hour volume, indicating active trading of tokenized future yield. Veda reported no 24‑hour volume. In terms of fees paid by users, Pendle collected about $15 thousand in the last day, whereas Veda’s users paid roughly $179 thousand, reflecting higher revenue despite lower trading volume.

Network reach

Pendle operates on 14 chains, including Ethereum, Arbitrum, BSC and Base. Veda is deployed on 13 chains such as Ethereum, Arbitrum, BSC and Base. Both platforms have broad multi‑chain coverage, with Pendle supporting one more network.

Who each platform suits

Pendle is suited for users interested in actively trading tokenized future yields on an AMM, benefiting from its higher daily volume. Veda appeals to those looking for a larger pool of locked assets and higher fee generation, especially developers building cross‑chain yield vaults.