A third-quarter snapshot put tokenized-stock decentralized finance (DeFi) total value locked (TVL) at about $252 million, while a later weekly comparison placed Pendle behind Aero in dollar-value gains.
Aero’s TVL increased $6.9 million over seven days, the largest change among the four venues. Pendle followed at $5.9 million, with Raydium at $2.8 million and Orca at $1.5 million.
Those amounts describe changes in measured value over a week, not the venues’ total tokenized-stock TVL. In the third-quarter snapshot, Pendle’s total was $33.8 million; the $5.9 million increase covers a later, shorter period.
TVL converts the assets counted by a protocol into a dollar figure at a given moment. That figure can shift as prices change even if token balances stay flat, so the increase alone cannot establish whether a protocol received net deposits.
Earlier EconoTimes reporting found that 10 protocols accounted for 89% of DeFi’s $313 million tokenized-equity balance, a broader distribution snapshot than the four-venue weekly comparison. The earlier breakdown of DeFi’s tokenized-equity balance covered a separate measure and period.
