Ask about Pendle · freeTotal Value Locked$1.064b
TVL by Chain
Ethereum$778.62m
Monad$159.54m
Arbitrum$54.54m
X Layer$41.6m
Hyperliquid L1$9.22m
BSC$7.73m
Plasma$6.95m
Base$4.42m
Sonic$490,612
Robinhood Chain$346,741
Mantle$109,454
Avalanche$45,718
Berachain$1,443
OP Mainnet$0
Key Metrics
Fees 30d$447,720
Fees 30d by chain
Ethereum$307,421
Arbitrum$94,475
Monad$25,156
Plasma$9,215
Hyperliquid L1$6,573
Sonic$2,301
Base$1,286
Robinhood Chain$485.05
X Layer$412.49
BSC$333.29
Mantle$59.67
Berachain$0.37
OP Mainnet$0
Fees 7d$123,588
Ethereum$71,186
Arbitrum$38,852
Monad$8,824
Hyperliquid L1$2,204
Plasma$1,793
Base$395.38
Robinhood Chain$191.43
BSC$110.12
X Layer$24.65
Sonic$5.99
Mantle$0.63
Berachain$0
OP Mainnet$0
Fees 24h$16,441
Ethereum$11,894
Monad$1,805
Plasma$1,691
Arbitrum$1,022
Base$14
X Layer$6.83
Hyperliquid L1$5.56
BSC$1.15
Robinhood Chain$1.14
Mantle$0.09
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Fees$67.99m
Ethereum$54.64m
Arbitrum$6.56m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,280
Base$516,751
Hyperliquid L1$330,868
Sonic$149,385
Monad$125,657
OP Mainnet$24,365
X Layer$594.73
Robinhood Chain$581.90
Revenue 30d$441,113
Revenue 30d by chain
Ethereum$302,521
Arbitrum$93,647
Monad$24,513
Plasma$9,198
Hyperliquid L1$6,501
Sonic$2,301
Base$1,186
Robinhood Chain$482.04
X Layer$378.04
BSC$325.38
Mantle$59.67
Berachain$0.37
OP Mainnet$0
Revenue 7d$122,247
Ethereum$70,288
Arbitrum$38,722
Monad$8,551
Hyperliquid L1$2,201
Plasma$1,793
Base$366.38
Robinhood Chain$190.09
BSC$107.90
X Layer$20.09
Sonic$5.99
Mantle$0.63
Berachain$0
OP Mainnet$0
Revenue 24h$16,142
Ethereum$11,721
Monad$1,705
Plasma$1,691
Arbitrum$1,000
Base$12
X Layer$5.46
Hyperliquid L1$5
Robinhood Chain$1.05
BSC$0.92
Mantle$0.09
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.26m
Ethereum$52.52m
Arbitrum$6.28m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,131
Hyperliquid L1$218,573
Sonic$135,933
Monad$122,287
OP Mainnet$24,240
Robinhood Chain$575.76
X Layer$545.72
Holders Revenue 30d$328,868
Holders Revenue 30d by chain
Ethereum$242,018
Arbitrum$50,898
Monad$19,609
Plasma$7,360
Hyperliquid L1$5,200
Sonic$1,840
Base$948.37
Robinhood Chain$385.02
X Layer$302.41
BSC$259.99
Mantle$47.73
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$90,987
Ethereum$56,231
Arbitrum$24,169
Monad$6,840
Hyperliquid L1$1,761
Plasma$1,434
Base$292.07
Robinhood Chain$152.67
BSC$86.33
X Layer$16.08
Sonic$4.79
Mantle$0.50
Berachain$0
OP Mainnet$0
Holders Revenue 24h$12,294
Ethereum$9,377
Monad$1,364
Plasma$1,353
Arbitrum$181
Base$9.28
X Layer$4.37
Hyperliquid L1$4
Robinhood Chain$0.84
BSC$0.74
Mantle$0.07
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.81m
Ethereum$46.58m
Arbitrum$4.64m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,062
Hyperliquid L1$174,858
Sonic$130,972
Monad$97,826
OP Mainnet$19,975
Robinhood Chain$460.24
X Layer$436.76
Incentives 1y$3.89m
Incentives 30d$76,050
Incentives 7d$34,694
Incentives 24h$895.88
Cumulative Incentives$90.64m
Earnings (Annualized)$10.77m
Earnings 30d$365,063
Earnings 7d$87,553
Earnings 24h$15,246
Cumulative Earnings-$25.38m
DEX Volume 30d$854.93m
DEX Volume 30d by chain
Ethereum$539.28m
Monad$167.72m
Arbitrum$105.58m
Plasma$22.89m
Hyperliquid L1$12.2m
X Layer$4.4m
Robinhood Chain$1.64m
Base$936,040
BSC$274,753
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$300.32m
Ethereum$196.78m
Monad$76.17m
Arbitrum$14.49m
Plasma$12.24m
Hyperliquid L1$215,319
X Layer$197,195
Base$153,528
BSC$51,807
Robinhood Chain$19,284
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$19.21m
Ethereum$15.47m
Monad$3.31m
Arbitrum$327,141
X Layer$33,767
Hyperliquid L1$25,538
Plasma$21,025
Base$19,640
BSC$5,372
Robinhood Chain$3,927
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.195b
Ethereum$52.345b
Arbitrum$3.273b
BSC$1.581b
Monad$396.72m
Mantle$303.09m
Plasma$221.09m
Hyperliquid L1$45.93m
Base$17.48m
X Layer$6.44m
Robinhood Chain$4.19m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$525.86m
Perp Volume 30d by chain
Arbitrum$525.86m
Perp Volume 7d$150.62m
Arbitrum$150.62m
Perp Volume 24h$23.91m
Arbitrum$23.91m
Cumulative Perp Volume$21.48b
Arbitrum$21.48b
Open Interest$129.81m
Market Cap$366.2m
$PENDLE Price$2.11
Fully Diluted Valuation$592.99m
Outstanding FDV$595.43m
$PENDLE Volume 24h$49.6m
CEX Volume$12.33m
DEX Volume$36.51m(73.61% of total)
Staked$200.14m(54.65% 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 APY10.46%
User Activity
Active Addresses (24h)512
New Addresses (24h)36
Transactions (24h)858
Gas Used (24h)0.21 ETH
Gas Cost (24h)$524
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 23, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $1.31b |
| Sep 25, 2026 | $1.264b |
| Sep 26, 2026 | $1.272b |
| 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 |
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 23, 2026 (latest) | $1.061b |
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) | $375,350 | $370,196 | $276,694 |
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 23, 2026, Pendle has $1.064b in total value locked. TVL has decreased 19.6% 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 73.2%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $447,720 in fees. Of that, $441,113 was protocol revenue. Based on the trailing year, the annualized rate is $14.92m in fees and $14.66m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $2.08. Its circulating market capitalization is $361.08m, ranking it #182. Its fully diluted valuation is $584.69m. Supply currently stands at 173.86m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is up 0.3% over the past 7 days and down 16.1% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 72.3% 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 $854.93m in DEX volume over the past 30 days.