Ask about Pendle · freeTotal Value Locked$1.032b
TVL by Chain
Ethereum$786.1m
Monad$151.21m
Arbitrum$47.78m
X Layer$25.58m
Hyperliquid L1$9.48m
BSC$6.8m
Base$2.55m
Plasma$2.04m
Sonic$487,362
Robinhood Chain$189,679
Mantle$110,238
Avalanche$45,556
Berachain$1,131
OP Mainnet$0
Key Metrics
Fees 30d$560,346
Fees 30d by chain
Ethereum$372,369
Arbitrum$148,272
Monad$25,172
Plasma$8,063
Hyperliquid L1$3,902
X Layer$908.05
Base$798.59
Robinhood Chain$435.09
BSC$232.74
Berachain$158.30
Mantle$19.77
Sonic$12.99
OP Mainnet$0
Fees 7d$202,061
Ethereum$141,050
Arbitrum$48,845
Monad$7,799
Plasma$2,894
X Layer$520.20
Hyperliquid L1$436.10
Robinhood Chain$234.24
Berachain$158
BSC$73.91
Base$34.91
Mantle$15.07
OP Mainnet$0
Sonic$0
Fees 24h$13,474
Ethereum$10,115
Arbitrum$2,403
Monad$289
X Layer$287
Plasma$173
Berachain$158
Hyperliquid L1$47
BSC$1.85
Base$0.47
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Fees$68.25m
Ethereum$54.81m
Arbitrum$6.63m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,295
Base$516,860
Hyperliquid L1$331,537
Sonic$149,385
Monad$135,429
OP Mainnet$24,365
X Layer$1,138
Robinhood Chain$820.49
Revenue 30d$553,666
Revenue 30d by chain
Ethereum$367,690
Arbitrum$147,194
Monad$24,429
Plasma$8,060
Hyperliquid L1$3,870
X Layer$856.41
Base$716.30
Robinhood Chain$432.20
BSC$226.15
Berachain$158.30
Mantle$19.77
Sonic$12.99
OP Mainnet$0
Revenue 7d$200,400
Ethereum$139,824
Arbitrum$48,603
Monad$7,633
Plasma$2,894
X Layer$500.60
Hyperliquid L1$431.98
Robinhood Chain$234.19
Berachain$158
BSC$72.41
Base$33.03
Mantle$15.07
OP Mainnet$0
Sonic$0
Revenue 24h$13,238
Ethereum$9,927
Arbitrum$2,368
Monad$283
X Layer$281
Plasma$173
Berachain$158
Hyperliquid L1$46
BSC$1.52
Base$0.47
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Revenue$65.52m
Ethereum$52.69m
Arbitrum$6.35m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,638
Base$446,225
Hyperliquid L1$219,236
Sonic$135,934
Monad$131,776
OP Mainnet$24,240
X Layer$1,068
Robinhood Chain$813.44
Holders Revenue 30d$400,864
Holders Revenue 30d by chain
Ethereum$294,153
Arbitrum$75,686
Monad$19,545
Plasma$6,447
Hyperliquid L1$3,098
X Layer$684.45
Base$571.97
Robinhood Chain$346.17
BSC$180.73
Berachain$126.24
Mantle$15.81
Sonic$10.38
OP Mainnet$0
Holders Revenue 7d$143,852
Ethereum$111,861
Arbitrum$22,414
Monad$6,107
Plasma$2,315
X Layer$400.08
Hyperliquid L1$345.77
Robinhood Chain$187.16
Berachain$126
BSC$57.74
Base$25.83
Mantle$12.05
OP Mainnet$0
Sonic$0
Holders Revenue 24h$9,453
Ethereum$7,942
Arbitrum$757
Monad$226
X Layer$225
Plasma$138
Berachain$126
Hyperliquid L1$37
BSC$1.22
Base$0.38
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Holders Revenue$56.99m
Ethereum$46.72m
Arbitrum$4.67m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,688
Base$415,137
Hyperliquid L1$175,389
Sonic$130,972
Monad$105,419
OP Mainnet$19,975
X Layer$854.12
Robinhood Chain$650.20
Incentives 1y$3.76m
Incentives 30d$390,581
Incentives 7d$203,435
Incentives 24h$49.08
Cumulative Incentives$90.97m
Earnings (Annualized)$9.72m
Earnings 30d$163,085
Earnings 7d-$3,035
Earnings 24h$13,189
Cumulative Earnings-$25.45m
DEX Volume 30d$1.391b
DEX Volume 30d by chain
Ethereum$1.157b
Monad$125.86m
Arbitrum$85.35m
Plasma$12.99m
X Layer$6.85m
Hyperliquid L1$1.95m
BSC$376,707
Base$370,534
Robinhood Chain$204,509
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$551.72m
Ethereum$533.9m
Monad$12.24m
X Layer$3.28m
Arbitrum$2m
Hyperliquid L1$141,107
BSC$132,217
Base$25,557
Plasma$5,117
Robinhood Chain$1,224
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$222.15m
Ethereum$219.48m
X Layer$1.63m
Monad$571,786
Arbitrum$426,464
BSC$33,669
Hyperliquid L1$5,278
Base$1,603
Plasma$1,332
Robinhood Chain$13
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.991b
Ethereum$53.117b
Arbitrum$3.278b
BSC$1.581b
Monad$412.46m
Mantle$303.09m
Plasma$221.15m
Hyperliquid L1$46.11m
Base$17.55m
X Layer$9.86m
Robinhood Chain$4.21m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$886.7m
Perp Volume 30d by chain
Arbitrum$886.7m
Perp Volume 7d$330.46m
Arbitrum$330.46m
Perp Volume 24h$17.31m
Arbitrum$17.31m
Cumulative Perp Volume$21.975b
Arbitrum$21.975b
Open Interest$150.34m
Market Cap$311.87m
$PENDLE Price$1.79
Fully Diluted Valuation$504.8m
Outstanding FDV$505.13m
$PENDLE Volume 24h$61.55m
CEX Volume$23.64m
DEX Volume$39.02m(63.4% of total)
Staked$169.44m(54.33% 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 Tracked146
Average Supply APY11.82%
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 5, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| 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 | $1.032b |
| Nov 5, 2026 | $1.032b |
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 5, 2026 (latest) | $1.032b |
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) | $143,666 | $142,723 | $107,749 |
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 5, 2026, Pendle has $1.032b in total value locked. TVL has decreased 18.2% 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 76.1%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $560,346 in fees. Of that, $553,666 was protocol revenue. Based on the trailing year, the annualized rate is $13.71m in fees and $13.48m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.80. Its circulating market capitalization is $313.56m, ranking it #192. Its fully diluted valuation is $507.53m. Supply currently stands at 173.93m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 10.1% over the past 7 days and down 27.1% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 76% 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 $1.391b in DEX volume over the past 30 days.