Penpie is currently on hold and seeking negotiations with the hacker to recover the stolen funds. Pendle continues to operate as usual.

This remarkable surge in TVL owes much to Pendle’s strategic integrations with Eigenlayer and Ethena, both of which have garnered immense popularity in the last quarter.

Pendle's liquid staking protocol, which allows the leveraging of the returns on staked investment, sees significant growth due to the unlocking of staked ether.