Ask about PendleTotal Value Locked$1.198b
TVL by Chain
Ethereum$703.57m
Plasma$163.97m
Monad$153.12m
Arbitrum$129.65m
Hyperliquid L1$22.49m
BSC$20.12m
Base$3.99m
Sonic$536,197.45
Mantle$114,438.16
Avalanche$45,167.89
OP Mainnet$16,262.34
Berachain$6,729.67
Key Metrics
Fees (Annualized)$23.04m
Fees 30d$560,965
Ethereum$415,209
Arbitrum$70,991
Plasma$37,124
Monad$21,378
Base$8,180
BSC$5,068.22
Hyperliquid L1$2,982.33
Sonic$31.41
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Fees 7d$82,522
Ethereum$48,581
Plasma$17,648
Arbitrum$11,672
Monad$2,864
Base$788
BSC$624
Hyperliquid L1$342.33
Sonic$2.41
Berachain$0
Mantle$0
OP Mainnet$0
Fees 24h$11,569
Ethereum$8,002
Arbitrum$1,687
Monad$1,443
Plasma$210
Base$101
Hyperliquid L1$71
BSC$55
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.67m
Ethereum$53.58m
Arbitrum$5.62m
Plasma$1.69m
Berachain$1.49m
BSC$1.4m
Mantle$844,200.17
Base$510,306
Hyperliquid L1$317,647.33
Sonic$147,057.41
Monad$43,445
OP Mainnet$24,363
Revenue (Annualized)$22.35m
Revenue 30d$553,334
Ethereum$408,758
Arbitrum$70,705
Plasma$37,070
Monad$20,776
Base$8,079
BSC$4,981.1
Hyperliquid L1$2,935.36
Sonic$31.41
Mantle$0.17
Berachain$0.11
OP Mainnet$0
Revenue 7d$81,309
Ethereum$47,682
Plasma$17,642
Arbitrum$11,610
Monad$2,732
Base$689
BSC$617
Hyperliquid L1$334.93
Sonic$2.41
Berachain$0
Mantle$0
OP Mainnet$0
Revenue 24h$11,297
Ethereum$7,832
Arbitrum$1,675
Monad$1,376
Plasma$210
Base$86
Hyperliquid L1$67
BSC$51
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.02m
Ethereum$51.48m
Arbitrum$5.4m
Plasma$1.62m
Berachain$1.48m
BSC$1.35m
Mantle$841,546.17
Base$440,016
Hyperliquid L1$205,555.36
Sonic$133,605.41
Monad$42,323
OP Mainnet$24,238
Holders Revenue (Annualized)$18.62m
Holders Revenue 30d$442,668
Ethereum$327,008
Arbitrum$56,564
Plasma$29,655
Monad$16,619
Base$6,462
BSC$3,984.68
Hyperliquid L1$2,348.69
Sonic$25.93
Mantle$0.14
Berachain$0.09
OP Mainnet$0
Holders Revenue 7d$65,049
Ethereum$38,146
Plasma$14,113
Arbitrum$9,289
Monad$2,186
Base$551
BSC$495
Hyperliquid L1$267.14
Sonic$1.93
Berachain$0
Mantle$0
OP Mainnet$0
Holders Revenue 24h$9,039
Ethereum$6,266
Arbitrum$1,340
Monad$1,101
Plasma$168
Base$69
Hyperliquid L1$54
BSC$41
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.63m
Ethereum$45.75m
Arbitrum$4.54m
Berachain$1.47m
Plasma$1.29m
BSC$1.11m
Mantle$702,616.14
Base$410,170
Hyperliquid L1$164,445.69
Sonic$129,107.93
Monad$33,857
OP Mainnet$19,973
Incentives 1y$9.66m
$54,109.15
$11,416.74
$1,232.04
$90.44m
Earnings (Annualized)$12.69m
$499,224.85
$69,892.26
$10,064.96
-$27.42m
DEX Volume 30d$312.81m
DEX Volume 30d by chain
Ethereum$210.2m
Monad$58.33m
Arbitrum$14.31m
Plasma$13.29m
BSC$11.5m
Hyperliquid L1$4.45m
Base$726,990
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$67.57m
Ethereum$43.31m
Monad$12.38m
Arbitrum$4.89m
BSC$4.66m
Plasma$931,107
Hyperliquid L1$891,227
Base$494,854
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$19.06m
Ethereum$12.51m
Monad$4.69m
Arbitrum$1.02m
BSC$518,485
Hyperliquid L1$286,933
Base$36,017
Plasma$249
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.296b
Ethereum$51.044b
Arbitrum$3.105b
BSC$1.573b
Mantle$303.09m
Plasma$167.19m
Monad$82.5m
Base$15.87m
Hyperliquid L1$4.74m
OP Mainnet$158,370
Berachain$0
Sonic$0
Market Cap$231.91m
$PENDLE Price$1.35
$379.45m
$380.96m
$PENDLE Volume 24h$17.45m
CEX Volume$8.73m
DEX Volume$5.32m(30.5% of total)
Staked$136.6m(58.9% 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
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: Value traded in Pendle's pools plus limit orders filled on Pendle's order book, counted once per trade on the yield-bearing token side. A YT trade counts the size of the position it opens, not the smaller amount the trader pays for it. Minting and redeeming PT/YT is not a trade and is excluded.View 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 Tracked184
Average Supply APY14.34%
User Activity
Active Addresses (24h)443
New Addresses (24h)35
Transactions (24h)879
Gas Used (24h)0.16 ETH
Gas Cost (24h)$301
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 $1.198b in total value locked. TVL has increased 20.9% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, OP Mainnet, Berachain, and Sonic and 7 others. Ethereum holds the largest share at 58.7%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $560,965 in fees. Of that, $553,334 was protocol revenue. Based on the trailing year, the annualized rate is $23.04m in fees and $22.35m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.35. Its circulating market capitalization is $231.91m, ranking it #201. Its fully diluted valuation is $379.45m. Supply currently stands at 172.07m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 9.8% over the past 7 days and down 4.5% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 82% 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 $4.322b across 553 protocols, and Pendle accounts for 27.7% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $312.81m in DEX volume over the past 30 days.
