DeFi yield protocol Pendle (PENDLE) announced via its official X that the cumulative buyback amount of its native token PENDLE has exceeded $3 million. Pendle further explained, "More than 100 million PENDLE have been staked within six and a half months of PENDLE staking launch. This accounts for 36% of the total supply. Additionally, Pendle has distributed cumulative rewards and airdrops totaling $5.12 million to stakers, and the new issuance of PENDLE has continued its downward trend, reaching an all-time low."
