Ask about PendleTotal Value Locked$1.201b
TVL by Chain
Ethereum$678.87m
Plasma$196.3m
Monad$143.22m
Arbitrum$132.29m
Hyperliquid L1$23.31m
BSC$22.2m
Base$4.27m
Sonic$536,693.59
Mantle$115,652.39
Avalanche$45,259.02
OP Mainnet$16,667.28
Berachain$6,561.42
Key Metrics
Fees (Annualized)$24.01m
Fees 30d$562,439
Ethereum$430,928
Arbitrum$65,674
Monad$25,573
Plasma$24,413
Base$7,643
BSC$4,714.22
Hyperliquid L1$3,462
Sonic$29.03
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Fees 7d$219,887
Ethereum$163,992
Arbitrum$35,635
Plasma$7,501
Base$7,458
Monad$3,837
Hyperliquid L1$801
BSC$648.22
Sonic$15.03
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Fees 24h$8,358
Ethereum$5,556
Plasma$965
Arbitrum$706
Monad$632
Base$422
BSC$62
Hyperliquid L1$15
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.6m
Ethereum$53.54m
Arbitrum$5.61m
Plasma$1.67m
Berachain$1.49m
BSC$1.4m
Mantle$844,200.17
Base$510,081
Hyperliquid L1$317,407
Sonic$147,055.03
Monad$40,611
OP Mainnet$24,363
Revenue (Annualized)$23.3m
Revenue 30d$553,832
Ethereum$423,678
Arbitrum$65,276
Monad$24,866
Plasma$24,354
Base$7,597
BSC$4,631.1
Hyperliquid L1$3,401.43
Sonic$29.03
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Revenue 7d$218,279
Ethereum$162,676
Arbitrum$35,555
Plasma$7,490
Base$7,413
Monad$3,695
Hyperliquid L1$795.43
BSC$640.1
Sonic$15.03
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Revenue 24h$8,049
Ethereum$5,359
Plasma$962
Arbitrum$702
Monad$604
Base$346
BSC$61
Hyperliquid L1$15
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$62.95m
Ethereum$51.44m
Arbitrum$5.39m
Plasma$1.6m
Berachain$1.48m
BSC$1.35m
Mantle$841,546.17
Base$439,785
Hyperliquid L1$205,324.43
Sonic$133,603.03
Monad$39,614
OP Mainnet$24,238
Holders Revenue (Annualized)$19.59m
Holders Revenue 30d$443,066
Ethereum$338,944
Arbitrum$52,220
Monad$19,891
Plasma$19,483
Base$6,077
BSC$3,703.68
Hyperliquid L1$2,722.55
Sonic$24.02
Mantle$0.14
Berachain$0.09
OP Mainnet$0
Holders Revenue 7d$174,624
Ethereum$130,141
Arbitrum$28,445
Plasma$5,991
Base$5,930
Monad$2,956
Hyperliquid L1$636.55
BSC$511.68
Sonic$12.02
Mantle$0.14
Berachain$0.09
OP Mainnet$0
Holders Revenue 24h$6,441
Ethereum$4,287
Plasma$770
Arbitrum$562
Monad$484
Base$277
BSC$49
Hyperliquid L1$12
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.57m
Ethereum$45.71m
Arbitrum$4.53m
Berachain$1.47m
Plasma$1.28m
BSC$1.11m
Mantle$702,616.14
Base$409,986
Hyperliquid L1$164,261.55
Sonic$129,106.02
Monad$31,691
OP Mainnet$19,973
Incentives 1y$10m
$58,038.61
$10,412.8
$2,692.48
$90.44m
Earnings (Annualized)$13.3m
$495,793.39
$207,866.2
$5,356.52
-$27.49m
DEX Volume 30d$348.95m
DEX Volume 30d by chain
Ethereum$238.16m
Monad$62.39m
Plasma$22.09m
Arbitrum$13.24m
BSC$8.54m
Hyperliquid L1$3.93m
Base$592,548
Mantle$0
OP Mainnet$0
DEX Volume 7d$72.08m
Ethereum$47.08m
Monad$14.18m
BSC$3.85m
Arbitrum$3.7m
Plasma$2.01m
Hyperliquid L1$764,367
Base$494,955
Mantle$0
OP Mainnet$0
DEX Volume 24h$13m
Ethereum$8.93m
Monad$2.66m
Base$398,917
Plasma$358,705
BSC$317,220
Hyperliquid L1$287,312
Arbitrum$49,128
Mantle$0
OP Mainnet$0
Cumulative DEX Volume$56.241b
Ethereum$51.008b
Arbitrum$3.1b
BSC$1.57b
Mantle$303.09m
Plasma$167.12m
Monad$72.81m
Base$16.09m
Hyperliquid L1$4.22m
OP Mainnet$158,370
Market Cap$247.31m
$PENDLE Price$1.44
$405.51m
$406.36m
$PENDLE Volume 24h$22.94m
CEX Volume$13.81m
DEX Volume$9.28m(40.46% of total)
Staked$144.69m(58.51% of mcap)
$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.
Category:Yield
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: Volume of all spot token swaps on the DEXView code on GitHubIncentives: 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
Yields
Pools Tracked186
Average Supply APY10.2%
User Activity
Active Addresses (24h)445
New Addresses (24h)73
Transactions (24h)859
Gas Used (24h)$0.21
Competitors
Frequently Asked Questions
What is Pendle?
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
What is Pendle's TVL?
Pendle currently has $1.201b in total value locked. TVL has increased 27.5% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, Berachain, Sonic, and OP Mainnet and 7 others. Ethereum holds the largest share at 56.5%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $562,439 in fees. Of that, $553,832 was protocol revenue. Based on the trailing year, the annualized rate is $24.01m in fees and $23.3m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.44. Its circulating market capitalization is $246.6m, ranking it #198. Its fully diluted valuation is $404.33m. Supply currently stands at 171.7m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 9.4% over the past 7 days and up 9.8% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 80.8% below that level.
How does Pendle's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Pendle ranks #1 by TVL. The category holds $4.372b across 553 protocols, and Pendle accounts for 27.5% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $348.95m in DEX volume over the past 30 days.
