According to ai_9684xtpa monitoring, Pendle TVL has decreased by about 43% in the past week, from a high of $6.24 billion on June 27 to only $3.54 billion today. Its data panel shows that the daily average TVL decreased by $123 million compared to yesterday. There should be two reasons for the biggest decline: On June 27, a large number of LRT PT expired, resulting in the withdrawal of funds: Sun Ge alone redeemed $293 million of tokens; The PT/YT yield has plummeted, and everyone is generally tired of the points gameplay: the PT yield has fallen below 10%, and the new coin launch of the re-pledge agreement has fallen short of expectations, which has significantly reduced the purchase demand of YT.