The PENDLE staking ratio has reached a new all-time high, with 60% of its circulating supply staked, representing 35% of the total supply. This milestone reflects growing community confidence in the protocol. Additionally, Pendle's real-world asset (RWA) total value locked (TVL) has climbed to $376.5 million as of March 5. Of this, approximately $56.5 million in RWA collateral is deployed on the Morpho protocol, making up about 17% of the total RWA collateral. Pendle emphasizes that while asset tokenization is a foundational step, the focus on fixed income and predictable returns is crucial for attracting large-scale institutional adoption of RWAs. This strategic direction underpins the yield infrastructure Pendle is developing.