Ask about PendleTotal Value Locked$1.195b
TVL by Chain
Ethereum$674.29m
Plasma$196m
Monad$139.15m
Arbitrum$131.63m
Hyperliquid L1$25.8m
BSC$23.04m
Base$4.1m
Sonic$540,061.52
Mantle$115,336.54
Avalanche$45,747.34
OP Mainnet$16,337.32
Berachain$7,583.82
Key Metrics
Fees (Annualized)$24.12m
Fees 30d$775,950
Ethereum$660,311
Arbitrum$57,104
Monad$24,967
Plasma$24,737
BSC$4,441.22
Hyperliquid L1$3,444
Base$676
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Fees 7d$65,599
Ethereum$46,139
Arbitrum$9,602
Plasma$5,153
Monad$3,493
Hyperliquid L1$723
BSC$374.22
Base$114
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Fees 24h$4,655
Ethereum$3,633
Monad$462
Arbitrum$369
Plasma$107
Hyperliquid L1$59
Base$23
BSC$2.22
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.39m
Ethereum$53.39m
Arbitrum$5.57m
Plasma$1.66m
Berachain$1.49m
BSC$1.4m
Mantle$844,200
Base$502,278
Hyperliquid L1$316,738
Sonic$147,040
Monad$38,261
OP Mainnet$24,363
Revenue (Annualized)$23.39m
Revenue 30d$766,484
Ethereum$652,183
Arbitrum$56,683
Plasma$24,677
Monad$24,278
BSC$4,365.1
Hyperliquid L1$3,357
Base$674
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Revenue 7d$63,942
Ethereum$44,686
Arbitrum$9,549
Plasma$5,131
Monad$3,385
Hyperliquid L1$715
BSC$364.1
Base$112
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Revenue 24h$4,474
Ethereum$3,479
Monad$444
Arbitrum$363
Plasma$105
Hyperliquid L1$58
Base$23
BSC$2.1
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$62.75m
Ethereum$51.29m
Arbitrum$5.36m
Plasma$1.59m
Berachain$1.48m
BSC$1.35m
Mantle$841,546
Base$432,102
Hyperliquid L1$204,658
Sonic$133,588
Monad$37,364
OP Mainnet$24,238
Holders Revenue (Annualized)$19.72m
Holders Revenue 30d$613,188
Ethereum$521,750
Arbitrum$45,346
Plasma$19,741
Monad$19,420
BSC$3,490.68
Hyperliquid L1$2,687
Base$537
Mantle$198
Sonic$13
Berachain$4
OP Mainnet$0
Holders Revenue 7d$51,156
Ethereum$35,750
Arbitrum$7,640
Plasma$4,104
Monad$2,706
Hyperliquid L1$574
BSC$290.68
Base$91
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Holders Revenue 24h$3,580
Ethereum$2,783
Monad$355
Arbitrum$291
Plasma$84
Hyperliquid L1$46
Base$19
BSC$1.68
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.41m
Ethereum$45.59m
Arbitrum$4.5m
Berachain$1.47m
Plasma$1.28m
BSC$1.11m
Mantle$702,616
Base$403,840
Hyperliquid L1$163,728
Sonic$129,094
Monad$29,889
OP Mainnet$19,973
Incentives 1y$10.32m
$63,035.56
$9,989.92
$1,826.24
$90.43m
Earnings (Annualized)$13.07m
$703,448.44
$53,952.08
$2,647.76
-$27.68m
DEX Volume 30d$348.18m
DEX Volume 30d by chain
Ethereum$246.73m
Monad$56.69m
Plasma$22.06m
Arbitrum$13.8m
BSC$5.44m
Hyperliquid L1$3.24m
Base$222,745
Mantle$0
OP Mainnet$0
DEX Volume 7d$74.72m
Ethereum$53.36m
Monad$11.59m
Arbitrum$3.6m
Plasma$3.4m
BSC$1.9m
Hyperliquid L1$721,131
Base$144,509
Mantle$0
OP Mainnet$0
DEX Volume 24h$5.69m
Ethereum$3.69m
Monad$1.43m
Plasma$395,901
Hyperliquid L1$107,862
Arbitrum$46,414
BSC$14,135
Base$1,346
Mantle$0
OP Mainnet$0
Cumulative DEX Volume$56.192b
Ethereum$50.977b
Arbitrum$3.097b
BSC$1.566b
Mantle$303.09m
Plasma$166.27m
Monad$63.25m
Base$15.31m
Hyperliquid L1$3.35m
OP Mainnet$158,370
Market Cap$254.34m
$PENDLE Price$1.48
$417.15m
$417.65m
$PENDLE Volume 24h$16.66m
CEX Volume$10.18m
DEX Volume$6.01m(36.1% of total)
Staked$150.34m(59.11% 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 Tracked172
Average Supply APY8.86%
User Activity
Active Addresses (24h)361
New Addresses (24h)42
Transactions (24h)634
Gas Used (24h)$0.13
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 $1.195b in total value locked. TVL has increased 26.9% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, Berachain, OP Mainnet, and Plasma and 7 others. Ethereum holds the largest share at 56.4%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $775,950 in fees. Of that, $766,484 was protocol revenue. Based on the trailing year, the annualized rate is $24.12m in fees and $23.39m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.48. Its circulating market capitalization is $254.34m, ranking it #193. Its fully diluted valuation is $417.15m. Supply currently stands at 171.65m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 3.7% over the past 7 days and up 22.1% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 80.3% 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 $4.373b across 554 protocols, and Pendle accounts for 27.3% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $348.18m in DEX volume over the past 30 days.
