Size and money locked
Concrete locks about $1.15 billion in assets, making it the larger platform by TVL. Pendle’s TVL sits around $1.01 billion, slightly lower but still substantial. Concrete’s market cap is roughly $19.6 million, while Pendle does not publish a market cap figure.
Activity and fees
Pendle processes roughly $5.3 million of volume each day, whereas Concrete shows no daily volume. Correspondingly, Pendle’s users pay about $7,600 in fees per day, while Concrete collects around $75,000 in daily fees. Both platforms have seen TVL decline over the past week, with Concrete down about 6.7% and Pendle down about 2.1%.
Networks and reach
Concrete operates on five chains: Ethereum, Stable, Arbitrum, Berachain and Katana. Pendle spans fourteen networks, including Ethereum, Arbitrum, BSC, Base, Avalanche and several newer chains. The broader chain coverage gives Pendle a wider geographic and ecosystem footprint.
Who each platform suits
Concrete’s large locked value and institutional‑grade vault design appeal to users seeking stable, risk‑managed yield across a focused set of chains. Pendle’s high trading volume and multi‑chain presence suit traders who want to exchange tokenised future yield and benefit from active market dynamics.