Falcon Finance, operated by DWF, is about to have its TGE. Currently, FF has traded over 2 billion FDV in the over-the-counter Whale Market, and Buildpad has at least 4+ times the profit from its initial offerings.

Take a look at Falcon – USDf data:

- The total market cap has exceeded 2 billion dollars, making it the sixth largest stablecoin, with the previous one being WLFI – USD1 (~2.7 billion)

- The market capitalization of USDf has increased by 664 million USD since the beginning of September.

- As the TGE approaches, Pendle position settlement, the staking amount of USDf has decreased from 790 million on Monday to 544 million, but the unstaked USDf has not seen direct destruction.

- Yesterday, 188 million sUSDf were burned and redeemed; the holding proportion of sUSDf in Pendle once dropped from over 75% to under 40%, but it is still the main destination for sUSDf.