Size and Money Locked

Grove Finance locks roughly $1.16 billion across its supported chains, making it the larger of the two platforms. Pendle Finance holds about $1.00 billion, a slightly smaller pool of assets. Both protocols have seen a modest TVL decline over the past week, with Grove down 3.4% and Pendle down 1.3%.

Activity and Fees

Pendle’s daily trading volume is around $8.2 million, indicating strong user activity on its AMM market. Grove Finance reports virtually no 24‑hour volume. In terms of fees collected, Grove users paid about $169 k in a day, while Pendle users paid roughly $28 k, reflecting the different usage patterns.

Network Reach

Grove Finance operates on five networks: Base, Ethereum, Avalanche, Plume Mainnet and Robinhood Chain. Pendle spans fourteen networks, including Ethereum, Arbitrum, BSC, Base and several emerging chains. The broader deployment gives Pendle a wider geographic and ecosystem footprint.

Who Each Platform Suits

Grove Finance may appeal to users seeking exposure to tokenized real‑world assets, Aave lending and Curve LP positions within a capital allocation framework, especially those comfortable with a larger TVL but lower trading activity. Pendle is geared toward traders who want to swap tokenized future yield on an AMM, benefiting from higher volume and a multi‑chain presence.