Ask about PendleTotal Value Locked$1.204b
TVL by Chain
Ethereum$681.41m
Plasma$196.46m
Monad$142.32m
Arbitrum$132.27m
Hyperliquid L1$23.93m
BSC$22.32m
Base$4.55m
Sonic$534,060.41
Mantle$116,319.93
Avalanche$45,254.59
OP Mainnet$16,598.4
Berachain$6,699.83
Key Metrics
Fees (Annualized)$24.07m
Fees 30d$666,741
Ethereum$508,604
Arbitrum$85,262
Plasma$30,228
Monad$25,661
Base$7,820
BSC$4,938.22
Hyperliquid L1$3,943
Mantle$248.17
Sonic$29
Berachain$5.11
OP Mainnet$0
Fees 7d$220,226
Ethereum$165,411
Arbitrum$35,088
Base$7,264
Plasma$7,143
Monad$3,843
Hyperliquid L1$752
BSC$710.22
Sonic$15
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Fees 24h$6,541
Ethereum$4,361
Arbitrum$685
Plasma$580
Monad$538
BSC$212
Hyperliquid L1$144
Base$21
Sonic$0.03
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Fees$65.59m
Ethereum$53.53m
Arbitrum$5.61m
Plasma$1.67m
Berachain$1.49m
BSC$1.4m
Mantle$844,200.17
Base$509,459
Hyperliquid L1$317,479
Sonic$147,055.03
Monad$40,168
OP Mainnet$24,363
Revenue (Annualized)$23.36m
Revenue 30d$657,656
Ethereum$500,847
Arbitrum$84,862
Plasma$30,168
Monad$24,960
Base$7,817
BSC$4,856.1
Hyperliquid L1$3,864.43
Mantle$248.17
Sonic$29
Berachain$5.11
OP Mainnet$0
Revenue 7d$218,605
Ethereum$164,042
Arbitrum$35,009
Base$7,262
Plasma$7,130
Monad$3,701
Hyperliquid L1$746.43
BSC$700.1
Sonic$15
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Revenue 24h$6,338
Ethereum$4,205
Arbitrum$678
Plasma$579
Monad$505
BSC$209
Hyperliquid L1$142
Base$20
Sonic$0.03
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Revenue$62.94m
Ethereum$51.43m
Arbitrum$5.39m
Plasma$1.6m
Berachain$1.48m
BSC$1.35m
Mantle$841,546.17
Base$439,281
Hyperliquid L1$205,395.43
Sonic$133,603.03
Monad$39,179
OP Mainnet$24,238
Holders Revenue (Annualized)$19.65m
Holders Revenue 30d$526,125
Ethereum$400,679
Arbitrum$67,889
Plasma$24,135
Monad$19,966
Base$6,252
BSC$3,884.68
Hyperliquid L1$3,092.55
Mantle$198.14
Sonic$24
Berachain$4.09
OP Mainnet$0
Holders Revenue 7d$174,884
Ethereum$131,233
Arbitrum$28,008
Base$5,809
Plasma$5,703
Monad$2,960
Hyperliquid L1$597.55
BSC$560.68
Sonic$12
Mantle$0.14
Berachain$0.09
OP Mainnet$0
Holders Revenue 24h$5,070
Ethereum$3,364
Arbitrum$542
Plasma$463
Monad$404
BSC$167
Hyperliquid L1$114
Base$16
Sonic$0.02
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Holders Revenue$55.56m
Ethereum$45.71m
Arbitrum$4.53m
Berachain$1.47m
Plasma$1.28m
BSC$1.11m
Mantle$702,616.14
Base$409,582
Hyperliquid L1$164,318.55
Sonic$129,106.02
Monad$31,342
OP Mainnet$19,973
Incentives 1y$10.08m
$59,882.65
$10,203.3
$2,518.96
$90.43m
Earnings (Annualized)$13.28m
$597,773.35
$208,401.7
$3,819.04
-$27.49m
DEX Volume 30d$347.76m
DEX Volume 30d by chain
Ethereum$239.64m
Monad$60.96m
Plasma$21.79m
Arbitrum$13.16m
BSC$8.33m
Hyperliquid L1$3.62m
Base$253,818
Mantle$0
OP Mainnet$0
DEX Volume 7d$72.18m
Ethereum$46.92m
Monad$13.41m
BSC$4.1m
Arbitrum$4.08m
Plasma$3.03m
Hyperliquid L1$478,721
Base$164,118
Mantle$0
OP Mainnet$0
DEX Volume 24h$7.86m
Ethereum$3.6m
Monad$3.05m
BSC$563,037
Arbitrum$443,777
Plasma$116,116
Hyperliquid L1$84,263
Base$2,431
Mantle$0
OP Mainnet$0
Cumulative DEX Volume$56.225b
Ethereum$50.995b
Arbitrum$3.1b
BSC$1.57b
Mantle$303.09m
Plasma$166.5m
Monad$71.11m
Base$15.35m
Hyperliquid L1$3.7m
OP Mainnet$158,370
Market Cap$248.25m
$PENDLE Price$1.45
$407.12m
$409.18m
$PENDLE Volume 24h$22.61m
CEX Volume$11.36m
DEX Volume$9.75m(43.14% of total)
Staked$147.25m(59.32% of mcap)
$PENDLE Liquidity$26.18m
Uniswap V3$10.3m
Balancer V2$5.32m
Camelot V2$4.54m
Uniswap V3$1.87m
Curve DEX$1.5m
Camelot V3$1.23m
Aerodrome Slipstream$565,104
SushiSwap$282,208
Uniswap V3$260,204
PancakeSwap AMM V3$155,967
PancakeSwap AMM V3$68,973
Joe V2.1$49,705
Velodrome V2$40,450
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.
Category:Yield
Audits:
Methodology
TVL: V1 TVL counts the collateral backing the yield tokens and USDC in the pendle markets, plus staked OT liquidity, and SLP/JLP staked in masterchef. Staking TVL is just staked PENDLE on 0x07282F2CEEbD7a65451Fcd268b364300D9e6D7f5. Pool2 refers to the Pe,P pool on mainnet, and Pa,P pool on avax.View code on GitHubFees: Total yield from deposited assets + trading fees paid by yield traders.View code on GitHubRevenue: Sum of 5% fee from all yield + points accrued and 80% trading fees.View code on GitHubHolders Revenue: 80% revenue distributed to sPENDLE holders (100% before September 2025).View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubIncentives: 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 Tracked188
Average Supply APY11%
User Activity
Active Addresses (24h)449
New Addresses (24h)50
Transactions (24h)761
Gas Used (24h)$0.19
Competitors
Frequently Asked Questions
What is Pendle?
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
What is Pendle's TVL?
Pendle currently has $1.204b in total value locked. TVL has increased 28.8% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, Berachain, OP Mainnet, and Sonic and 7 others. Ethereum holds the largest share at 56.6%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $666,741 in fees. Of that, $657,656 was protocol revenue. Based on the trailing year, the annualized rate is $24.07m in fees and $23.36m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.44. Its circulating market capitalization is $247.59m, ranking it #196. Its fully diluted valuation is $406.04m. Supply currently stands at 171.67m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 9.1% over the past 7 days and up 11.4% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 80.8% below that level.
How does Pendle's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Pendle ranks #1 by TVL. The category holds $4.396b across 554 protocols, and Pendle accounts for 27.4% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $347.76m in DEX volume over the past 30 days.
