Ask about Pendle · freeTotal Value Locked$1.014b
TVL by Chain
Ethereum$791.06m
Monad$137.54m
Arbitrum$42.96m
X Layer$21.63m
Hyperliquid L1$8.72m
BSC$6.75m
Base$2.52m
Plasma$1.83m
Sonic$441,489
Robinhood Chain$156,271
Mantle$97,540
Avalanche$45,296
Berachain$1,047
OP Mainnet$0
Key Metrics
Fees 30d$590,026
Fees 30d by chain
Ethereum$404,471
Arbitrum$146,581
Monad$27,662
Plasma$5,210
Hyperliquid L1$3,785
X Layer$722.01
Base$680.05
Robinhood Chain$486.62
BSC$245.42
Berachain$158
Mantle$17.42
Sonic$6.55
OP Mainnet$0
Fees 7d$82,546
Ethereum$60,911
Arbitrum$13,768
Monad$7,013
Hyperliquid L1$630.38
X Layer$132.32
Base$42.96
BSC$23.36
Plasma$19.92
Robinhood Chain$5.20
Mantle$0.10
Sonic$0.05
Berachain$0
OP Mainnet$0
Fees 24h$5,398
Ethereum$3,528
Arbitrum$1,137
Hyperliquid L1$385
Monad$321
X Layer$18
BSC$5.73
Base$2.08
Plasma$0.71
Robinhood Chain$0.71
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$68.38m
Ethereum$54.92m
Arbitrum$6.65m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,295
Base$516,907
Hyperliquid L1$332,193
Sonic$149,385
Monad$142,811
OP Mainnet$24,365
X Layer$1,283
Robinhood Chain$876.69
Revenue 30d$583,648
Revenue 30d by chain
Ethereum$400,016
Arbitrum$145,517
Monad$26,941
Plasma$5,208
Hyperliquid L1$3,769
X Layer$679.59
Base$612.43
Robinhood Chain$481.69
BSC$238.33
Berachain$158
Mantle$17.42
Sonic$6.55
OP Mainnet$0
Revenue 7d$81,341
Ethereum$59,947
Arbitrum$13,640
Monad$6,921
Hyperliquid L1$629.46
X Layer$118.24
Base$40.03
BSC$22.39
Plasma$17.35
Robinhood Chain$4.52
Mantle$0.10
Sonic$0.05
Berachain$0
OP Mainnet$0
Revenue 24h$5,273
Ethereum$3,448
Arbitrum$1,130
Hyperliquid L1$385
Monad$287
X Layer$14
BSC$5.60
Base$2.08
Plasma$0.69
Robinhood Chain$0.57
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.65m
Ethereum$52.8m
Arbitrum$6.37m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,638
Base$446,269
Hyperliquid L1$219,890
Monad$139,051
Sonic$135,934
OP Mainnet$24,240
X Layer$1,198
Robinhood Chain$866.96
Holders Revenue 30d$416,793
Holders Revenue 30d by chain
Ethereum$316,993
Arbitrum$69,313
Monad$21,554
Plasma$4,165
Hyperliquid L1$3,016
X Layer$543.40
Base$488.13
Robinhood Chain$385.56
BSC$190.48
Berachain$126
Mantle$13.93
Sonic$5.23
OP Mainnet$0
Holders Revenue 7d$52,563
Ethereum$44,936
Monad$5,537
Arbitrum$1,424
Hyperliquid L1$503.45
X Layer$95
Base$31.72
BSC$17.92
Plasma$13.87
Robinhood Chain$3.61
Mantle$0.08
Sonic$0.04
Berachain$0
OP Mainnet$0
Holders Revenue 24h$3,327
Ethereum$2,711
Hyperliquid L1$308
Monad$230
Arbitrum$60
X Layer$11
BSC$4.48
Base$1.66
Plasma$0.55
Robinhood Chain$0.45
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$57.08m
Ethereum$46.8m
Arbitrum$4.67m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,688
Base$415,172
Hyperliquid L1$175,912
Sonic$130,972
Monad$111,239
OP Mainnet$19,975
X Layer$958.01
Robinhood Chain$692.81
Incentives 1y$3.5m
Incentives 30d$381,977
Incentives 7d$6,175
Incentives 24h$154.58
Cumulative Incentives$90.98m
Earnings (Annualized)$9.69m
Earnings 30d$201,671
Earnings 7d$75,166
Earnings 24h$5,118
Cumulative Earnings-$25.34m
DEX Volume 30d$1.337b
DEX Volume 30d by chain
Ethereum$1.186b
Monad$104.86m
Arbitrum$27.41m
Plasma$12.43m
X Layer$4.2m
Hyperliquid L1$937,351
BSC$485,355
Base$380,466
Robinhood Chain$112,969
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$139.37m
Ethereum$128.3m
Monad$8.12m
Arbitrum$2.14m
X Layer$467,590
Hyperliquid L1$118,542
BSC$81,242
Base$63,560
Plasma$53,914
Robinhood Chain$17,286
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$7.49m
Ethereum$6.38m
Monad$867,180
Arbitrum$93,775
Hyperliquid L1$73,660
X Layer$64,383
Base$6,343
BSC$6,071
Robinhood Chain$1,882
Plasma$445
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$59.195b
Ethereum$53.309b
Arbitrum$3.281b
BSC$1.581b
Monad$421.08m
Mantle$303.09m
Plasma$221.21m
Hyperliquid L1$46.52m
Base$17.62m
X Layer$10.39m
Robinhood Chain$4.28m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$931.82m
Perp Volume 30d by chain
Arbitrum$931.82m
Perp Volume 7d$163.98m
Arbitrum$163.98m
Perp Volume 24h$16.69m
Arbitrum$16.69m
Cumulative Perp Volume$22.191b
Arbitrum$22.191b
Open Interest$156.05m
Market Cap$262.17m
$PENDLE Price$1.50
Fully Diluted Valuation$423.82m
Outstanding FDV$423.58m
$PENDLE Volume 24h$54.32m
CEX Volume$19.68m
DEX Volume$33.32m(61.35% of total)
Staked$141.86m(54.11% of mcap)
Total Raised$3.7m
May 4, 2021$3.7mRound: SeedInvestors: AllianceDAO, Bitlink Capital, Bitscale Capital, CMS Holdings, Crypto.com Capital, D1 Ventures, Fisher8 Capital, Genesis Block Ventures, Harvest Finance, HashKey, imToken Ventures, LedgerPrime, Lemniscap, Mechanism Capital, Origin Capital, Parataxis Capital, Signum Capital, Sora Ventures
Aug 23, 2023Round: Investors: Binance Labs
Nov 9, 2023Round: OTCInvestors: The Spartan Group
Protocol Information
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
- Pendle V2Yield
- Pendle LoopLeveraged Farming
- BorosInterest Rate Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked154
Average Supply APY9.86%
Largest Pools by TVL
PLP-siUSD-7JAN2027Ethereum$17.86m
PT-siUSD-7JAN2027Ethereum$17.86m
PT-sUSDE-28JAN2027Monad$16.53m
PLP-sUSDE-28JAN2027Monad$16.53m
PT-reUSD-10DEC2026Ethereum$10.7m
All pools above $1m (56)
- PLP-siUSD-7JAN2027 (Ethereum)
- PT-siUSD-7JAN2027 (Ethereum)
- PT-sUSDE-28JAN2027 (Monad)
- PLP-sUSDE-28JAN2027 (Monad)
- PT-reUSD-10DEC2026 (Ethereum)
- PLP-reUSD-10DEC2026 (Ethereum)
- PT-USD3-17DEC2026 (Ethereum)
- PLP-USD3-17DEC2026 (Ethereum)
- PLP-sUSDx-3DEC2026 (Ethereum)
- PT-sUSDx-3DEC2026 (Ethereum)
- PT-sUSDfr-28JAN2027 (Ethereum)
- PLP-sUSDfr-28JAN2027 (Ethereum)
- PLP-sUSDD-26NOV2026 (Ethereum)
- PT-sUSDD-26NOV2026 (Ethereum)
- PT-sUSDE-26NOV2026 (Ethereum)
- PLP-sUSDE-26NOV2026 (Ethereum)
- PLP-reUSDe-10DEC2026 (Ethereum)
- PT-reUSDe-10DEC2026 (Ethereum)
- PLP-strUSD-26NOV2026 (Ethereum)
- PT-strUSD-26NOV2026 (Ethereum)
- PT-sUSDai-25FEB2027 (Arbitrum)
- PLP-sUSDai-25FEB2027 (Arbitrum)
- PT-stETH-30DEC2027 (Ethereum)
- PENDLE-LPT (Ethereum)
- PLP-sUSDS-26NOV2026 (Ethereum)
- PT-sUSDS-26NOV2026 (Ethereum)
- PLP-apyUSD-11FEB2027 (Ethereum)
- PT-apyUSD-11FEB2027 (Ethereum)
- PLP-mAPOLLO-18MAR2027 (Ethereum)
- PT-mAPOLLO-18MAR2027 (Ethereum)
- PLP-AUSD-17DEC2026 (Monad)
- PT-AUSD-17DEC2026 (Monad)
- PLP-strUSD-4FEB2027 (Monad)
- PT-strUSD-4FEB2027 (Monad)
- PLP-kHYPE-25MAR2027 (Hyperliquid L1)
- PT-kHYPE-25MAR2027 (Hyperliquid L1)
- PT-sUSDat-14JAN2027 (Monad)
- PLP-sUSDat-14JAN2027 (Monad)
- PLP-fxSAVE-29APR2027 (Ethereum)
- PT-fxSAVE-29APR2027 (Ethereum)
- PLP-sUSDat-14JAN2027 (Ethereum)
- PT-sUSDat-14JAN2027 (Ethereum)
- PT-USDx-3DEC2026 (Ethereum)
- PLP-USDx-3DEC2026 (Ethereum)
- PLP-sUSD3-17DEC2026 (Ethereum)
- PT-sUSD3-17DEC2026 (Ethereum)
- PT-USDat-14JAN2027 (Monad)
- PLP-USDat-14JAN2027 (Monad)
- PT-USDat-14JAN2027 (Ethereum)
- PLP-USDat-14JAN2027 (Ethereum)
- PLP-sUSN-22JUL2027 (Ethereum)
- PT-sUSN-22JUL2027 (Ethereum)
- PT-clisBNB-15APR2027 (BSC)
- PLP-clisBNB-15APR2027 (BSC)
- PT-sUSDE-28JAN2027 (Plasma)
- PLP-sUSDE-28JAN2027 (Plasma)
User Activity
Active Addresses (24h)424
New Addresses (24h)84
Transactions (24h)699
Gas Used (24h)0.2 ETH
Gas Cost (24h)$401
Pendle history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Jun 16, 2021 to Nov 14, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 16, 2026 | $1.124b |
| Oct 17, 2026 | $1.115b |
| Oct 18, 2026 | $1.113b |
| Oct 19, 2026 | $1.11b |
| Oct 20, 2026 | $1.116b |
| Oct 21, 2026 | $1.121b |
| Oct 22, 2026 | $1.121b |
| Oct 23, 2026 | $1.061b |
| Oct 24, 2026 | $1.064b |
| Oct 25, 2026 | $1.068b |
| Oct 26, 2026 | $1.067b |
| Oct 27, 2026 | $1.08b |
| Oct 28, 2026 | $1.058b |
| Oct 29, 2026 | $1.071b |
| Oct 30, 2026 | $1.042b |
| Oct 31, 2026 | $1.017b |
| Nov 1, 2026 | $1.018b |
| Nov 2, 2026 | $1.03b |
| Nov 3, 2026 | $1.033b |
| Nov 4, 2026 | $1.021b |
| Nov 5, 2026 | $1.032b |
| Nov 6, 2026 | $1.008b |
| Nov 7, 2026 | $1.006b |
| Nov 8, 2026 | $1.005b |
| Nov 9, 2026 | $994.36m |
| Nov 10, 2026 | $1.004b |
| Nov 11, 2026 | $1.011b |
| Nov 12, 2026 | $1.015b |
| Nov 13, 2026 | $1.029b |
| Nov 14, 2026 | $1.01b |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $4.423b |
| Jan 31, 2025 | $5.458b |
| Feb 28, 2025 | $4.693b |
| Mar 31, 2025 | $3.042b |
| Apr 30, 2025 | $2.932b |
| May 31, 2025 | $4.053b |
| Jun 30, 2025 | $4.912b |
| Jul 31, 2025 | $6.827b |
| Aug 31, 2025 | $10.571b |
| Sep 30, 2025 | $6.606b |
| Oct 31, 2025 | $7.002b |
| Nov 30, 2025 | $3.469b |
| Dec 31, 2025 | $3.741b |
| Jan 31, 2026 | $3.106b |
| Feb 28, 2026 | $2.268b |
| Mar 31, 2026 | $2.081b |
| Apr 30, 2026 | $1.49b |
| May 31, 2026 | $1.459b |
| Jun 30, 2026 | $950.44m |
| Jul 31, 2026 | $1.218b |
| Aug 31, 2026 | $1.184b |
| Sep 30, 2026 | $1.264b |
| Oct 31, 2026 | $1.017b |
| Nov 14, 2026 (latest) | $1.01b |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $34.13m |
| Dec 31, 2022 | $15.22m |
| Dec 31, 2023 | $234.01m |
| Dec 31, 2024 | $4.423b |
| Dec 31, 2025 | $3.741b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $3m | $2.82m | $2.25m |
| Jan 2025 | $8.83m | $8.63m | $8.63m |
| Feb 2025 | $2.63m | $2.55m | $2.55m |
| Mar 2025 | $1.47m | $1.4m | $1.4m |
| Apr 2025 | $1.57m | $1.53m | $1.53m |
| May 2025 | $4.92m | $4.88m | $4.88m |
| Jun 2025 | $1.52m | $1.49m | $1.49m |
| Jul 2025 | $2.16m | $2.1m | $2.1m |
| Aug 2025 | $4.09m | $3.96m | $3.94m |
| Sep 2025 | $3.5m | $3.28m | $2.57m |
| Oct 2025 | $4.37m | $4.18m | $3.29m |
| Nov 2025 | $3.1m | $3.02m | $2.38m |
| Dec 2025 | $1.39m | $1.36m | $1.04m |
| Jan 2026 | $1.23m | $1.22m | $895,336 |
| Feb 2026 | $980,537 | $966,279 | $723,050 |
| Mar 2026 | $658,686 | $647,268 | $474,897 |
| Apr 2026 | $1.75m | $1.74m | $1.34m |
| May 2026 | $1.16m | $1.14m | $868,257 |
| Jun 2026 | $1.1m | $1.08m | $828,007 |
| Jul 2026 | $629,737 | $620,996 | $463,649 |
| Aug 2026 | $695,385 | $684,695 | $520,083 |
| Sep 2026 | $562,201 | $554,893 | $416,740 |
| Oct 2026 | $492,984 | $486,270 | $351,146 |
| Nov 2026 (to date) | $277,927 | $275,136 | $197,201 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pendle
Frequently asked questions
What is Pendle's TVL?
As of Nov 14, 2026, Pendle has $1.014b in total value locked. TVL has decreased 17.1% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 14 chains: Ethereum, Monad, Arbitrum, X Layer, and Hyperliquid L1 and 9 others. Ethereum holds the largest share at 78%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $590,026 in fees. Of that, $583,648 was protocol revenue. Based on the trailing year, the annualized rate is $13.39m in fees and $13.19m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.51. Its circulating market capitalization is $263.04m, ranking it #202. Its fully diluted valuation is $425.24m. Supply currently stands at 174.15m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 8.4% over the past 7 days and down 24.8% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 79.9% below that level.
Which protocols are included in Pendle?
Pendle is a parent protocol whose tracked products include Pendle V2, Pendle Loop, and Boros.
How much trading volume does Pendle process?
Pendle processed $1.337b in DEX volume over the past 30 days.