Pendle V2(PENDLE)
Total Value Locked$1.307b
TVL by Chain
Ethereum$746.52m
Monad$198.84m
Arbitrum$165.53m
X Layer$75.76m
Plasma$67.05m
Hyperliquid L1$40.25m
BSC$7.83m
Base$4.14m
Sonic$567,312.32
Robinhood Chain$506,986.02
Avalanche$46,039.49
Mantle$41,603.11
Berachain$8,740.12
OP Mainnet$0
Key Metrics
Fees 30d$661,303
Fees 30d by chain
Ethereum$540,829
Arbitrum$41,082
Monad$36,532
Plasma$30,724
Hyperliquid L1$5,134
Base$3,999.27
BSC$2,696.42
X Layer$177.09
Robinhood Chain$96.46
Mantle$15.05
Berachain$12.56
Sonic$4.92
OP Mainnet$0.15
Fees 7d$140,867
Ethereum$115,700
Arbitrum$12,050
Monad$5,080
Base$2,948.01
Plasma$2,892
Hyperliquid L1$1,986
BSC$120.89
Robinhood Chain$48.09
X Layer$42.48
Berachain$0.55
Mantle$0.05
OP Mainnet$0
Sonic$0
Fees 24h$12,542
Ethereum$10,329
Monad$919
Plasma$584
Arbitrum$410
Robinhood Chain$166
Hyperliquid L1$115
Base$9.95
X Layer$7.24
BSC$2.22
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.75m
Ethereum$54.33m
Arbitrum$5.67m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,219.85
Base$515,456.84
Hyperliquid L1$324,400.3
Sonic$147,084.42
Monad$100,721
OP Mainnet$24,365.44
Robinhood Chain$262.46
X Layer$184.33
Revenue 30d$650,972
Revenue 30d by chain
Ethereum$531,989
Arbitrum$40,563
Monad$35,824
Plasma$30,659
Hyperliquid L1$5,053
Base$3,906.29
BSC$2,689.35
X Layer$163.18
Robinhood Chain$93.33
Mantle$15.05
Berachain$12.56
Sonic$4.92
OP Mainnet$0.15
Revenue 7d$139,108
Ethereum$114,285
Arbitrum$11,852
Monad$4,966
Base$2,939.42
Plasma$2,888
Hyperliquid L1$1,970
BSC$120.8
Robinhood Chain$47.12
X Layer$39.8
Berachain$0.55
Mantle$0.05
OP Mainnet$0
Sonic$0
Revenue 24h$12,239
Ethereum$10,049
Monad$906
Plasma$581
Arbitrum$407
Robinhood Chain$166
Hyperliquid L1$111
Base$9.92
X Layer$6.7
BSC$1.99
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$64.09m
Ethereum$52.22m
Arbitrum$5.45m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,562.27
Base$444,939.9
Hyperliquid L1$212,174.8
Sonic$133,632.71
Monad$98,022
OP Mainnet$24,240.44
Robinhood Chain$259.33
X Layer$169.88
Holders Revenue 30d$520,775
Holders Revenue 30d by chain
Ethereum$425,590
Arbitrum$32,445
Monad$28,660
Plasma$24,528
Hyperliquid L1$4,043
Base$3,125.15
BSC$2,150.78
X Layer$130.75
Robinhood Chain$74.91
Mantle$12.04
Berachain$9.85
Sonic$3.92
OP Mainnet$0.12
Holders Revenue 7d$111,290
Ethereum$91,429
Arbitrum$9,482
Monad$3,973
Base$2,351.83
Plasma$2,311
Hyperliquid L1$1,575
BSC$96.64
Robinhood Chain$38.7
X Layer$32.04
Berachain$0.44
Mantle$0.04
OP Mainnet$0
Sonic$0
Holders Revenue 24h$9,791
Ethereum$8,039
Monad$725
Plasma$465
Arbitrum$326
Robinhood Chain$132
Hyperliquid L1$89
Base$7.93
X Layer$5.36
BSC$1.59
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.48m
Ethereum$46.34m
Arbitrum$4.58m
Berachain$1.47m
Plasma$1.45m
BSC$1.12m
Mantle$702,628.14
Base$414,109.57
Hyperliquid L1$169,740.26
Sonic$129,131.57
Monad$78,416
OP Mainnet$19,975.48
Robinhood Chain$206.91
X Layer$136.11
DEX Volume 30d$738.22m
DEX Volume 30d by chain
Ethereum$527.71m
Monad$101.98m
Arbitrum$52.35m
Hyperliquid L1$25.96m
Plasma$23.06m
Robinhood Chain$2.55m
BSC$2.27m
X Layer$2.01m
Base$331,186.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$326.02m
Ethereum$272.7m
Arbitrum$28.01m
Monad$10.44m
Hyperliquid L1$10.28m
Plasma$2.39m
Robinhood Chain$1.39m
X Layer$642,924
Base$101,946
BSC$62,193
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$48m
Ethereum$24.55m
Monad$13.09m
Hyperliquid L1$4.83m
Plasma$3.97m
Arbitrum$809,398
Base$567,142
X Layer$129,439
Robinhood Chain$38,547
BSC$11,585
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$57.376b
Ethereum$51.821b
Arbitrum$3.168b
BSC$1.581b
Mantle$303.09m
Monad$240.08m
Plasma$202.17m
Hyperliquid L1$38.52m
Base$17.09m
Robinhood Chain$2.59m
X Layer$2.14m
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$247.32m
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.
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: Value traded in Pendle's pools plus limit orders filled on Pendle's order book, counted once per trade on the yield-bearing token side. A YT trade counts the size of the position it opens, not the smaller amount the trader pays for it. Minting and redeeming PT/YT is not a trade and is excluded.View code on GitHubYields
Pools Tracked164
Average Supply APY9.57%
User Activity
Active Addresses (24h)547
New Addresses (24h)64
Transactions (24h)1,014
Gas Used (24h)0.2 ETH
Gas Cost (24h)$564
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.307b in total value locked. TVL has increased 11.6% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Monad, Arbitrum, X Layer, and Plasma and 9 others. Ethereum holds the largest share at 57.1%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $661,303 in fees. Of that, $650,972 was protocol revenue. Based on the trailing year, the annualized rate is $18.04m in fees and $17.59m in revenue.
How does Pendle V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Pendle V2 ranks #1 by TVL. The category holds $4.607b across 577 protocols, and Pendle V2 accounts for 28.4% of that total. Other leading protocols include Equilibria, Spectra V2, Penpie, Napier, Saffron Vaults, Spark Savings, Stake DAO Yield, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle V2 process?
Pendle V2 processed $738.22m in DEX volume over the past 30 days.