Boros, Pendle's rate-based trading platform, surpasses the $20 billion notional trading volume milestone.

According to BlockBeats, on July 6, Pendle's funding rate trading platform Boros surpassed the milestone of $20 billion in notional trading volume in less than a year since its launch.

Today, Boros has become the de facto venue for institutional and market participants to trade, hedge, and capture interest rate spreads between different venues, with over 170 different maturity dates to date.