Total Value Locked$1.238b
TVL by Chain
Ethereum$687.9m
Monad$222.2m
Arbitrum$139.96m
Plasma$106.07m
Hyperliquid L1$37.73m
X Layer$31.09m
BSC$8.02m
Base$3.89m
Sonic$609,987.19
Mantle$129,363.64
Avalanche$45,398.17
OP Mainnet$21,786.18
Berachain$7,965.07
Robinhood Chain$0
Key Metrics
Fees 30d$650,500
Fees 30d by chain
Ethereum$390,270
Plasma$181,006
Monad$38,558
Arbitrum$30,441
BSC$5,080.32
Hyperliquid L1$3,354.52
Base$1,772.12
Sonic$15.2
Mantle$3.84
OP Mainnet$0.28
Berachain$0.07
Fees 7d$100,932
Ethereum$77,654
Monad$12,605
Arbitrum$4,851
Plasma$3,938
Hyperliquid L1$1,191
BSC$617.87
Base$74.99
OP Mainnet$0.15
Berachain$0
Mantle$0
Sonic$0
Fees 24h$12,974
Ethereum$8,829
Plasma$1,853
Monad$1,147
Arbitrum$1,066
Hyperliquid L1$63
BSC$13
Base$3.26
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.32m
Ethereum$53.97m
Arbitrum$5.65m
Plasma$1.87m
Berachain$1.49m
BSC$1.41m
Mantle$844,204.8
Base$511,980.87
Hyperliquid L1$320,993.3
Sonic$147,079.62
Monad$81,707
OP Mainnet$24,365.44
Revenue 30d$639,765
Revenue 30d by chain
Ethereum$381,575
Plasma$180,941
Monad$37,239
Arbitrum$30,114
BSC$5,041.28
Hyperliquid L1$3,263.26
Base$1,572.49
Sonic$15.2
Mantle$3.84
OP Mainnet$0.28
Berachain$0.07
Revenue 7d$98,438
Ethereum$75,646
Monad$12,297
Arbitrum$4,731
Plasma$3,918
Hyperliquid L1$1,159
BSC$617.38
Base$69.33
OP Mainnet$0.15
Berachain$0
Mantle$0
Sonic$0
Revenue 24h$12,687
Ethereum$8,607
Plasma$1,852
Monad$1,104
Arbitrum$1,048
Hyperliquid L1$60
BSC$13
Base$3.08
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.66m
Ethereum$51.86m
Arbitrum$5.43m
Plasma$1.8m
Berachain$1.48m
BSC$1.36m
Mantle$841,547.22
Base$441,504.1
Hyperliquid L1$208,811.8
Sonic$133,627.91
Monad$79,290
OP Mainnet$24,240.44
Holders Revenue 30d$511,812
Holders Revenue 30d by chain
Ethereum$305,258
Plasma$144,757
Monad$29,793
Arbitrum$24,089
BSC$4,032.23
Hyperliquid L1$2,610.41
Base$1,256.05
Sonic$12.15
Mantle$3.07
OP Mainnet$0.22
Berachain$0.06
Holders Revenue 7d$78,750
Ethereum$60,515
Monad$9,839
Arbitrum$3,783
Plasma$3,136
Hyperliquid L1$928
BSC$493.71
Base$54.67
OP Mainnet$0.12
Berachain$0
Mantle$0
Sonic$0
Holders Revenue 24h$10,150
Ethereum$6,886
Plasma$1,482
Monad$883
Arbitrum$838
Hyperliquid L1$48
BSC$11
Base$2.46
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.14m
Ethereum$46.05m
Arbitrum$4.57m
Berachain$1.47m
Plasma$1.44m
BSC$1.12m
Mantle$702,616.1
Base$411,360.62
Hyperliquid L1$167,049.26
Sonic$129,127.74
Monad$63,432
OP Mainnet$19,975.48
DEX Volume 30d$535.84m
DEX Volume 30d by chain
Ethereum$382.13m
Monad$99.59m
Arbitrum$19.91m
Hyperliquid L1$13.17m
Plasma$12.44m
BSC$8.1m
Base$502,645.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$103.55m
Ethereum$51.1m
Monad$41.59m
Arbitrum$5.61m
Hyperliquid L1$2.78m
Plasma$2.4m
BSC$49,824
Base$33,537.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$14.61m
Ethereum$9.42m
Monad$2.77m
Arbitrum$2.05m
Hyperliquid L1$212,345
Plasma$159,814
Base$7,610
Berachain$0
BSC$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.827b
Ethereum$51.423b
Arbitrum$3.126b
BSC$1.58b
Mantle$303.09m
Monad$180.17m
Plasma$179.8m
Hyperliquid L1$17.84m
Base$16.35m
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$192.5m
$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.
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 GitHubUser Activity
Active Addresses (24h)458
New Addresses (24h)58
Transactions (24h)876
Gas Used (24h)0.16 ETH
Gas Cost (24h)$377
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.238b in total value locked. TVL has increased 4.5% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Avalanche, Robinhood Chain, Monad, and Berachain and 9 others. Ethereum holds the largest share at 55.6%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $650,500 in fees. Of that, $639,765 was protocol revenue. Based on the trailing year, the annualized rate is $19.7m in fees and $19.12m 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 $4.814b across 584 protocols, and Pendle V2 accounts for 25.7% of that total. Other leading protocols include Equilibria, Spectra V2, Penpie, Napier, Saffron Vaults, Spark Savings, Stake DAO, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle V2 process?
Pendle V2 processed $535.84m in DEX volume over the past 30 days.
