Ask about Pendle · freeTotal Value Locked$1.021b
TVL by Chain
Ethereum$780.63m
Monad$145.74m
Arbitrum$47.48m
X Layer$24.72m
Hyperliquid L1$9.48m
BSC$6.72m
Plasma$3.06m
Base$2.49m
Sonic$473,618
Robinhood Chain$187,888
Mantle$105,849
Avalanche$45,448
Berachain$1,148
OP Mainnet$0
Key Metrics
Fees 30d$592,353
Fees 30d by chain
Ethereum$397,440
Arbitrum$149,957
Monad$25,519
Plasma$8,107
Hyperliquid L1$6,218
Sonic$2,291
Base$1,182
X Layer$621.67
Robinhood Chain$544.09
BSC$394.89
Mantle$74.77
Berachain$0.37
OP Mainnet$0
Fees 7d$202,067
Ethereum$140,941
Arbitrum$49,299
Monad$8,073
Plasma$2,725
Hyperliquid L1$393.02
X Layer$245.20
Robinhood Chain$237.53
BSC$73.76
Base$63.44
Mantle$15.07
Sonic$0.47
Berachain$0
OP Mainnet$0
Fees 24h$108,388
Ethereum$74,152
Arbitrum$27,699
Monad$2,998
Plasma$2,666
Hyperliquid L1$368
Robinhood Chain$215
X Layer$208
BSC$50
Base$17
Mantle$15
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Fees$68.24m
Ethereum$54.81m
Arbitrum$6.63m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,295
Base$516,860
Hyperliquid L1$331,493
Sonic$149,385
Monad$135,141
OP Mainnet$24,365
X Layer$851.07
Robinhood Chain$823.49
Revenue 30d$585,777
Revenue 30d by chain
Ethereum$392,846
Arbitrum$148,901
Monad$24,768
Plasma$8,104
Hyperliquid L1$6,187
Sonic$2,291
Base$1,098
X Layer$575.94
Robinhood Chain$541.20
BSC$388.63
Mantle$74.77
Berachain$0.37
OP Mainnet$0
Revenue 7d$200,458
Ethereum$139,765
Arbitrum$49,086
Monad$7,878
Plasma$2,725
Hyperliquid L1$389.89
Robinhood Chain$237.43
X Layer$231.60
BSC$72.45
Base$56.56
Mantle$15.07
Sonic$0.47
Berachain$0
OP Mainnet$0
Revenue 24h$108,005
Ethereum$73,826
Arbitrum$27,684
Monad$2,967
Plasma$2,666
Hyperliquid L1$368
Robinhood Chain$215
X Layer$197
BSC$50
Base$17
Mantle$15
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.51m
Ethereum$52.69m
Arbitrum$6.35m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,638
Base$446,225
Hyperliquid L1$219,193
Sonic$135,934
Monad$131,495
OP Mainnet$24,240
Robinhood Chain$816.44
X Layer$787.27
Holders Revenue 30d$427,046
Holders Revenue 30d by chain
Ethereum$314,277
Arbitrum$77,547
Monad$19,816
Plasma$6,482
Hyperliquid L1$4,952
Sonic$1,832
Base$878.59
X Layer$459.87
Robinhood Chain$432.17
BSC$310.51
Mantle$59.81
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$142,842
Ethereum$111,812
Arbitrum$21,745
Monad$6,303
Plasma$2,180
Hyperliquid L1$312.50
Robinhood Chain$189.35
X Layer$184.40
BSC$57.97
Base$45.45
Mantle$12.05
Sonic$0.37
Berachain$0
OP Mainnet$0
Holders Revenue 24h$85,111
Ethereum$59,061
Arbitrum$20,854
Monad$2,373
Plasma$2,133
Hyperliquid L1$295
Robinhood Chain$172
X Layer$157
BSC$40
Base$14
Mantle$12
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.98m
Ethereum$46.71m
Arbitrum$4.67m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,688
Base$415,138
Hyperliquid L1$175,355
Sonic$130,972
Monad$105,194
OP Mainnet$19,975
Robinhood Chain$652.20
X Layer$629.12
Incentives 1y$3.6m
Incentives 30d$193,018
Incentives 7d$5,947
Incentives 24h$96.72
Cumulative Incentives$90.77m
Earnings (Annualized)$9.94m
Earnings 30d$392,759
Earnings 7d$194,511
Earnings 24h$107,908
Cumulative Earnings-$25.27m
DEX Volume 30d$1.194b
DEX Volume 30d by chain
Ethereum$954.02m
Monad$132.51m
Arbitrum$86.56m
Plasma$13.04m
X Layer$5.23m
Hyperliquid L1$1.95m
Base$374,031
BSC$349,400
Robinhood Chain$220,422
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$399.49m
Ethereum$383.41m
Monad$12.43m
X Layer$1.72m
Arbitrum$1.61m
Hyperliquid L1$140,190
BSC$101,007
Base$43,518
Plasma$22,804
Robinhood Chain$2,406
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$118.99m
Ethereum$116.68m
X Layer$1.52m
Monad$634,323
Arbitrum$120,649
BSC$24,482
Hyperliquid L1$5,927
Base$3,390
Plasma$115
Robinhood Chain$1
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.769b
Ethereum$52.898b
Arbitrum$3.278b
BSC$1.581b
Monad$411.89m
Mantle$303.09m
Plasma$221.15m
Hyperliquid L1$46.11m
Base$17.55m
X Layer$8.23m
Robinhood Chain$4.21m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$874.23m
Perp Volume 30d by chain
Arbitrum$874.23m
Perp Volume 7d$359.75m
Arbitrum$359.75m
Perp Volume 24h$13.86m
Arbitrum$13.86m
Cumulative Perp Volume$21.958b
Arbitrum$21.958b
Open Interest$138.88m
Market Cap$297.1m
$PENDLE Price$1.71
Fully Diluted Valuation$480.91m
Outstanding FDV$482.56m
$PENDLE Volume 24h$36.6m
CEX Volume$10.36m
DEX Volume$26.96m(73.65% of total)
Staked$161.48m(54.35% 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 Tracked156
Average Supply APY13.71%
User Activity
Active Addresses (24h)562
New Addresses (24h)69
Transactions (24h)950
Gas Used (24h)0.16 ETH
Gas Cost (24h)$370
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 Nov 4, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| 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 | $1.067b |
| 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 |
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 4, 2026 (latest) | $1.021b |
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) | $131,134 | $130,428 | $99,120 |
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 4, 2026, Pendle has $1.021b in total value locked. TVL has decreased 19.3% 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 76.4%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $592,353 in fees. Of that, $585,777 was protocol revenue. Based on the trailing year, the annualized rate is $13.77m in fees and $13.54m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.71. Its circulating market capitalization is $297.1m, ranking it #196. Its fully diluted valuation is $480.91m. Supply currently stands at 173.93m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 13% over the past 7 days and down 29.1% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 77.2% 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 $1.194b in DEX volume over the past 30 days.