Due to the expiration of multiple products, Pendle's TVL has dropped by 40% in the past week.

Odaily Planet Daily News: DeFi protocol Pendle saw nearly $3 billion in withdrawals since last Wednesday, as multiple market products expired. Most of the withdrawals were in the form of liquidity-re-staked tokens. As of Monday, the total deposited value dropped to $3.7 billion, and Pendle's Total Value Locked (TVL) decreased by 40% in the past week. Kairos Research founder Ian Unsworth said the outflow of funds is mainly due to the expiration of some products. The ether.fi eETH, Renzo's ezETH, Puffer's pufETH, Kelp's rsETH, and Swell's rswETH related products in the Pendle market expired on June 27, resulting in a large outflow of funds. The outflow of funds from Pendle also affected the related protocol Zircuit, whose deposit value dropped 15% in a week. (DL News)