Ask about Pendle · freeTotal Value Locked$1.068b
TVL by Chain
Ethereum$777.49m
Monad$163.76m
Arbitrum$54.67m
X Layer$43.88m
Hyperliquid L1$9.07m
BSC$7.68m
Plasma$6.34m
Base$4.31m
Sonic$480,096
Robinhood Chain$291,931
Mantle$107,251
Avalanche$45,597
Berachain$1,335
OP Mainnet$0
Key Metrics
Fees 30d$451,535
Fees 30d by chain
Ethereum$301,522
Arbitrum$106,741
Monad$23,982
Plasma$8,116
Hyperliquid L1$6,474
Sonic$2,299
Base$1,302
X Layer$403.96
BSC$321.22
Robinhood Chain$309.69
Mantle$59.97
Berachain$0.37
OP Mainnet$0
Fees 7d$120,023
Ethereum$62,005
Arbitrum$44,514
Monad$8,167
Hyperliquid L1$2,421
Plasma$2,292
Base$287.45
Robinhood Chain$191.12
BSC$108.87
X Layer$29.19
Sonic$5.83
Mantle$0.47
Berachain$0
OP Mainnet$0
Fees 24h$5,915
Arbitrum$2,990
Ethereum$2,725
Monad$155
Hyperliquid L1$33
Base$5.07
X Layer$4.30
BSC$1.93
Mantle$0.28
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Fees$68.01m
Ethereum$54.65m
Arbitrum$6.57m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,280
Base$516,783
Hyperliquid L1$331,096
Sonic$149,385
Monad$126,622
OP Mainnet$24,365
X Layer$599.45
Robinhood Chain$581.94
Revenue 30d$445,043
Revenue 30d by chain
Ethereum$296,765
Arbitrum$105,931
Monad$23,284
Plasma$8,106
Hyperliquid L1$6,412
Sonic$2,299
Base$1,192
X Layer$370.29
BSC$315.28
Robinhood Chain$307.25
Mantle$59.97
Berachain$0.37
OP Mainnet$0
Revenue 7d$118,766
Ethereum$61,155
Arbitrum$44,431
Monad$7,872
Hyperliquid L1$2,417
Plasma$2,292
Base$271.74
Robinhood Chain$189.91
BSC$106.72
X Layer$24.28
Sonic$5.83
Mantle$0.47
Berachain$0
OP Mainnet$0
Revenue 24h$5,829
Arbitrum$2,975
Ethereum$2,667
Monad$145
Hyperliquid L1$32
Base$4.36
X Layer$4
BSC$1.77
Mantle$0.28
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Revenue$65.28m
Ethereum$52.53m
Arbitrum$6.3m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,157
Hyperliquid L1$218,799
Sonic$135,933
Monad$123,202
OP Mainnet$24,240
Robinhood Chain$575.79
X Layer$550.06
Holders Revenue 30d$330,929
Holders Revenue 30d by chain
Ethereum$237,413
Arbitrum$59,642
Monad$18,626
Plasma$6,485
Hyperliquid L1$5,130
Sonic$1,838
Base$953.88
X Layer$296.22
BSC$251.81
Robinhood Chain$245.59
Mantle$47.97
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$86,856
Ethereum$48,925
Arbitrum$27,388
Monad$6,297
Hyperliquid L1$1,934
Plasma$1,833
Base$217.46
Robinhood Chain$152.53
BSC$85.38
X Layer$19.43
Sonic$4.66
Mantle$0.37
Berachain$0
OP Mainnet$0
Holders Revenue 24h$2,648
Ethereum$2,134
Arbitrum$364
Monad$116
Hyperliquid L1$26
Base$3.48
X Layer$3.20
BSC$1.41
Mantle$0.23
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Holders Revenue$56.82m
Ethereum$46.58m
Arbitrum$4.64m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,083
Hyperliquid L1$175,039
Sonic$130,972
Monad$98,558
OP Mainnet$19,975
Robinhood Chain$460.27
X Layer$440.23
Incentives 1y$3.78m
Incentives 30d$74,108
Incentives 7d$33,751
Incentives 24h$143.31
Cumulative Incentives$90.64m
Earnings (Annualized)$10.78m
Earnings 30d$370,935
Earnings 7d$85,015
Earnings 24h$5,686
Cumulative Earnings-$25.36m
DEX Volume 30d$887.37m
DEX Volume 30d by chain
Ethereum$615.58m
Monad$146.81m
Arbitrum$97.56m
Plasma$17.8m
X Layer$4.15m
Hyperliquid L1$3.46m
Robinhood Chain$1.4m
Base$393,274
BSC$220,425
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$383.51m
Ethereum$295.26m
Monad$73.2m
Plasma$11.93m
Arbitrum$2.55m
Hyperliquid L1$251,104
X Layer$145,214
Base$114,237
BSC$51,342
Robinhood Chain$15,265
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$5.36m
Ethereum$4.06m
Arbitrum$752,120
Monad$458,753
Hyperliquid L1$24,676
X Layer$22,154
Plasma$21,543
Base$7,299
BSC$4,255
Robinhood Chain$1,204
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.327b
Ethereum$52.474b
Arbitrum$3.275b
BSC$1.581b
Monad$398.77m
Mantle$303.09m
Plasma$221.13m
Hyperliquid L1$45.98m
Base$17.5m
X Layer$6.49m
Robinhood Chain$4.19m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$489.55m
Perp Volume 30d by chain
Arbitrum$489.55m
Perp Volume 7d$152.69m
Arbitrum$152.69m
Perp Volume 24h$17.08m
Arbitrum$17.08m
Cumulative Perp Volume$21.538b
Arbitrum$21.538b
Open Interest$135.2m
Market Cap$335.77m
$PENDLE Price$1.93
Fully Diluted Valuation$543.71m
Outstanding FDV$544.64m
$PENDLE Volume 24h$40.89m
CEX Volume$10.93m
DEX Volume$30.39m(74.31% of total)
Staked$183.78m(54.73% 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.
Yields
Pools Tracked174
Average Supply APY63.88%
User Activity
Active Addresses (24h)453
New Addresses (24h)74
Transactions (24h)764
Gas Used (24h)0.09 ETH
Gas Cost (24h)$217
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders 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
Pendle history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Jun 16, 2021 to Oct 26, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 27, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 27, 2026 | $1.272b |
| Sep 28, 2026 | $1.265b |
| Sep 29, 2026 | $1.27b |
| Sep 30, 2026 | $1.264b |
| Oct 1, 2026 | $1.257b |
| Oct 2, 2026 | $1.265b |
| Oct 3, 2026 | $1.269b |
| Oct 4, 2026 | $1.263b |
| Oct 5, 2026 | $1.266b |
| Oct 6, 2026 | $1.261b |
| Oct 7, 2026 | $1.262b |
| Oct 8, 2026 | $1.252b |
| Oct 9, 2026 | $1.217b |
| Oct 10, 2026 | $1.218b |
| Oct 11, 2026 | $1.217b |
| Oct 12, 2026 | $1.22b |
| Oct 13, 2026 | $1.229b |
| Oct 14, 2026 | $1.238b |
| Oct 15, 2026 | $1.223b |
| 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 | $1.068b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $4.141b |
| 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 26, 2026 (latest) | $1.068b |
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, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.74m | $1.62m | $1.3m |
| 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 (to date) | $396,631 | $391,297 | $290,671 |
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 Oct 26, 2026, Pendle has $1.068b in total value locked. TVL has decreased 16.1% 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 72.8%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $451,535 in fees. Of that, $445,043 was protocol revenue. Based on the trailing year, the annualized rate is $14.82m in fees and $14.57m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.93. Its circulating market capitalization is $335.77m, ranking it #186. Its fully diluted valuation is $543.71m. Supply currently stands at 173.86m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 5% over the past 7 days and down 23% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 74.3% below that level.
Which protocols are included in Pendle?
Pendle is a parent protocol whose tracked products include Pendle V2 and Boros.
How much trading volume does Pendle process?
Pendle processed $887.37m in DEX volume over the past 30 days.