[Pendle Selected for Fortune Magazine's Crypto Innovators List] BlockBeats News, June 16 – Pendle was recently selected for Fortune Magazine's Crypto Innovators list, standing out from over 150 nominations to make it into the top 30 alongside traditional financial institutions such as State Street Bank, DBS Bank, and SBI Holdings. Pendle positions itself as addressing the long-standing gap in on-chain fixed income in the crypto market—while variable on-chain yields have been ubiquitous, tools for locking in known interest rates or making directional judgments on duration have been lacking. Currently, the total value locked (TVL) in the Pendle protocol has reached several billion dollars, with a growing proportion coming from stablecoin yield markets and institutional allocation funds. Additionally, since the launch of sPENDLE, the Pendle protocol has cumulatively repurchased 1,722,192 PENDLE tokens from the open market, all of which have been distributed to sPENDLE holders. Year-to-date, sPENDLE holders have collectively received approximately $1.4 million in airdrop rewards. The team stated that 'the work is not yet done,' with more developments still underway.