Short answer
Veda has about $1.7 billion locked, far exceeding Pendle’s roughly $1.0 billion. Pendle sees higher daily volume at about $8.2 million, whereas Veda’s 24‑hour volume is negligible.
Size and money locked
Veda’s TVL stands at roughly $1.7 billion, making it the larger vault platform. Pendle’s TVL is about $1.0 billion, indicating a smaller pool of assets under management. Both platforms experienced a slight TVL decline over the past week, with Veda down about 3% and Pendle down around 1%.
Activity and fees
Pendle generated about $8.2 million in 24‑hour trading volume, reflecting active user participation. Veda reported virtually no volume in the same period. In terms of fees paid by users, Veda collected roughly $163 k in a day, while Pendle’s fees were about $28 k, showing Veda’s higher revenue despite low volume.
Networks and reach
Veda operates on 13 chains including Ethereum, Arbitrum, Base and BSC. Pendle is present on 14 chains, covering Ethereum, Arbitrum, Base, BSC and additional networks such as Avalanche and X Layer. Both enjoy broad multi‑chain coverage, with Pendle having a slightly wider reach.
Who each platform suits
Veda is suited for projects and users seeking large‑scale vault solutions and cross‑chain yield products, benefiting from its substantial TVL and fee generation. Pendle appeals to traders interested in tokenized future yield and higher daily trading activity, leveraging its strong volume on a wide array of networks.