Ask about Pendle · freeTotal Value Locked$1.018b
TVL by Chain
Ethereum$786.69m
Monad$146.21m
Arbitrum$43.19m
X Layer$20.93m
Hyperliquid L1$8.73m
BSC$6.89m
Base$2.46m
Plasma$1.89m
Sonic$452,967
Robinhood Chain$171,554
Mantle$100,553
Avalanche$45,460
Berachain$922
OP Mainnet$0
Key Metrics
Fees 30d$580,516
Fees 30d by chain
Ethereum$392,097
Arbitrum$149,945
Monad$27,431
Plasma$5,235
Hyperliquid L1$3,397
X Layer$814.28
Base$687.89
Robinhood Chain$486.22
BSC$239.02
Berachain$158
Mantle$18.37
Sonic$6.55
OP Mainnet$0
Fees 7d$95,763
Ethereum$74,993
Arbitrum$13,555
Monad$6,678
Hyperliquid L1$279.68
X Layer$123.84
Robinhood Chain$55.49
Base$33.98
BSC$25.67
Plasma$18.59
Sonic$0.05
Berachain$0
Mantle$0
OP Mainnet$0
Fees 24h$17,545
Ethereum$12,120
Monad$2,903
Arbitrum$2,486
Base$21
Hyperliquid L1$10
X Layer$2.51
Robinhood Chain$1.21
BSC$0.95
Plasma$0.83
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$68.35m
Ethereum$54.89m
Arbitrum$6.64m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,295
Base$516,895
Hyperliquid L1$331,796
Sonic$149,385
Monad$142,125
OP Mainnet$24,365
X Layer$1,262
Robinhood Chain$875.98
Revenue 30d$573,940
Revenue 30d by chain
Ethereum$387,486
Arbitrum$148,822
Monad$26,735
Plasma$5,232
Hyperliquid L1$3,381
X Layer$766.41
Base$618.89
Robinhood Chain$481.38
BSC$232.04
Berachain$158
Mantle$18.37
Sonic$6.55
OP Mainnet$0
Revenue 7d$94,380
Ethereum$73,859
Arbitrum$13,391
Monad$6,613
Hyperliquid L1$276.74
X Layer$112.79
Robinhood Chain$52.95
Base$32.60
BSC$24.52
Plasma$16.08
Sonic$0.05
Berachain$0
Mantle$0
OP Mainnet$0
Revenue 24h$17,389
Ethereum$11,982
Monad$2,886
Arbitrum$2,486
Base$20
Hyperliquid L1$9.73
X Layer$2
Robinhood Chain$1.21
BSC$0.82
Plasma$0.78
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.62m
Ethereum$52.77m
Arbitrum$6.37m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,638
Base$446,259
Hyperliquid L1$219,493
Monad$138,405
Sonic$135,934
OP Mainnet$24,240
X Layer$1,181
Robinhood Chain$866.39
Holders Revenue 30d$411,380
Holders Revenue 30d by chain
Ethereum$308,220
Arbitrum$73,059
Monad$21,388
Plasma$4,185
Hyperliquid L1$2,705
X Layer$613.65
Base$493.90
Robinhood Chain$385.31
BSC$185.46
Berachain$126
Mantle$14.69
Sonic$5.23
OP Mainnet$0
Holders Revenue 7d$64,215
Ethereum$57,317
Monad$5,289
Arbitrum$1,196
Hyperliquid L1$221.19
X Layer$90.83
Robinhood Chain$42.16
Base$25.79
BSC$19.63
Plasma$12.86
Sonic$0.04
Berachain$0
Mantle$0
OP Mainnet$0
Holders Revenue 24h$11,894
Ethereum$9,545
Monad$2,309
Base$16
Arbitrum$12
Hyperliquid L1$7.79
X Layer$1.60
Robinhood Chain$0.97
BSC$0.66
Plasma$0.63
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$57.06m
Ethereum$46.78m
Arbitrum$4.67m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,688
Base$415,164
Hyperliquid L1$175,595
Sonic$130,972
Monad$110,721
OP Mainnet$19,975
X Layer$944.95
Robinhood Chain$692.36
Incentives 1y$3.56m
Incentives 30d$392,248
Incentives 7d$5,972
Incentives 24h$363.62
Cumulative Incentives$90.98m
Earnings (Annualized)$9.67m
Earnings 30d$181,692
Earnings 7d$88,408
Earnings 24h$17,025
Cumulative Earnings-$25.36m
DEX Volume 30d$1.406b
DEX Volume 30d by chain
Ethereum$1.217b
Monad$104.18m
Arbitrum$66.08m
Plasma$12.44m
X Layer$4.71m
Hyperliquid L1$877,379
BSC$473,732
Base$372,022
Robinhood Chain$139,910
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$181.09m
Ethereum$171.16m
Monad$6.94m
Arbitrum$1.88m
X Layer$448,872
Hyperliquid L1$325,996
BSC$163,142
Robinhood Chain$66,562
Plasma$57,014
Base$45,953
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$16.84m
Ethereum$15.41m
Monad$1.38m
Hyperliquid L1$22,946
X Layer$9,019
BSC$6,981
Base$6,612
Plasma$4,582
Arbitrum$1,222
Robinhood Chain$118
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$59.174b
Ethereum$53.29b
Arbitrum$3.28b
BSC$1.581b
Monad$419.43m
Mantle$303.09m
Plasma$221.21m
Hyperliquid L1$46.44m
Base$17.6m
X Layer$10.31m
Robinhood Chain$4.28m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$926.88m
Perp Volume 30d by chain
Arbitrum$926.88m
Perp Volume 7d$165.77m
Arbitrum$165.77m
Perp Volume 24h$46.21m
Arbitrum$46.21m
Cumulative Perp Volume$22.141b
Arbitrum$22.141b
Open Interest$159.41m
Market Cap$263.13m
$PENDLE Price$1.51
Fully Diluted Valuation$425.87m
Outstanding FDV$427.08m
$PENDLE Volume 24h$31.89m
CEX Volume$8.53m
DEX Volume$25.44m(79.75% of total)
Staked$142.84m(54.28% 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.
- Pendle V2Yield
- Pendle LoopLeveraged Farming
- BorosInterest Rate Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
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
Yields
Pools Tracked148
Average Supply APY9.93%
User Activity
Active Addresses (24h)297
New Addresses (24h)37
Transactions (24h)496
Gas Used (24h)0.1 ETH
Gas Cost (24h)$203
Pendle history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Jun 16, 2021 to Nov 12, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| 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 | $1.021b |
| Nov 5, 2026 | $1.032b |
| Nov 6, 2026 | $1.008b |
| Nov 7, 2026 | $1.006b |
| Nov 8, 2026 | $1.005b |
| Nov 9, 2026 | $994.36m |
| Nov 10, 2026 | $1.004b |
| Nov 11, 2026 | $1.011b |
| Nov 12, 2026 | $1.015b |
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 12, 2026 (latest) | $1.015b |
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) | $259,378 | $256,866 | $185,999 |
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 12, 2026, Pendle has $1.018b in total value locked. TVL has decreased 17.2% 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 77.3%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $580,516 in fees. Of that, $573,940 was protocol revenue. Based on the trailing year, the annualized rate is $13.43m in fees and $13.23m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.52. Its circulating market capitalization is $263.11m, ranking it #203. Its fully diluted valuation is $425.85m. Supply currently stands at 173.95m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 15% over the past 7 days and down 28.7% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 79.8% below that level.
Which protocols are included in Pendle?
Pendle is a parent protocol whose tracked products include Pendle V2, Pendle Loop, and Boros.
How much trading volume does Pendle process?
Pendle processed $1.406b in DEX volume over the past 30 days.