Ask about Pendle · freeTotal Value Locked$1.121b
TVL by Chain
Ethereum$812.04m
Monad$154.6m
Arbitrum$59.94m
X Layer$42.69m
Plasma$29.56m
Hyperliquid L1$9.57m
BSC$7.56m
Base$4.19m
Sonic$499,874
Robinhood Chain$435,409
Mantle$110,626
Avalanche$45,970
Berachain$1,493
OP Mainnet$0
Key Metrics
Fees 30d$515,584
Fees 30d by chain
Ethereum$363,950
Arbitrum$102,947
Monad$24,561
Plasma$8,280
Hyperliquid L1$7,938
Base$4,150
Sonic$2,299
Robinhood Chain$518.65
BSC$445.49
X Layer$432.22
Mantle$59.63
Berachain$0.92
OP Mainnet$0
Fees 7d$165,965
Ethereum$98,492
Arbitrum$56,704
Monad$7,331
Hyperliquid L1$2,395
Base$480.75
Robinhood Chain$190.06
Plasma$128
X Layer$127.41
BSC$108.77
Sonic$4.09
Mantle$2.70
Berachain$0
OP Mainnet$0
Fees 24h$43,945
Arbitrum$22,137
Ethereum$15,525
Monad$3,570
Hyperliquid L1$2,120
Base$192
Robinhood Chain$189
Plasma$102
BSC$101
X Layer$4.78
Sonic$3.93
Mantle$0.08
Berachain$0
OP Mainnet$0
Cumulative Fees$67.94m
Ethereum$54.61m
Arbitrum$6.55m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,279
Base$516,698
Hyperliquid L1$330,849
Sonic$149,385
Monad$123,631
OP Mainnet$24,365
X Layer$582.58
Robinhood Chain$580.40
Revenue 30d$508,659
Revenue 30d by chain
Ethereum$358,709
Arbitrum$102,050
Monad$24,016
Plasma$8,260
Hyperliquid L1$7,860
Base$4,052
Sonic$2,299
Robinhood Chain$515.78
BSC$438.22
X Layer$399.07
Mantle$59.63
Berachain$0.92
OP Mainnet$0
Revenue 7d$164,174
Ethereum$97,238
Arbitrum$56,380
Monad$7,183
Hyperliquid L1$2,390
Base$437.74
Robinhood Chain$188.87
Plasma$128
X Layer$114.95
BSC$106.95
Sonic$4.09
Mantle$2.70
Berachain$0
OP Mainnet$0
Revenue 24h$43,776
Arbitrum$22,133
Ethereum$15,410
Monad$3,523
Hyperliquid L1$2,120
Base$192
Robinhood Chain$188
Plasma$102
BSC$100
Sonic$3.93
X Layer$3.82
Mantle$0.08
Berachain$0
OP Mainnet$0
Cumulative Revenue$65.22m
Ethereum$52.49m
Arbitrum$6.28m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,087
Hyperliquid L1$218,556
Sonic$135,933
Monad$120,392
OP Mainnet$24,240
Robinhood Chain$574.34
X Layer$535.64
Holders Revenue 30d$382,226
Holders Revenue 30d by chain
Ethereum$286,968
Arbitrum$56,938
Monad$19,212
Plasma$6,611
Hyperliquid L1$6,287
Base$3,241
Sonic$1,838
Robinhood Chain$413.02
BSC$350.25
X Layer$319.43
Mantle$47.70
Berachain$0.73
OP Mainnet$0
Holders Revenue 7d$124,169
Ethereum$77,790
Arbitrum$37,936
Monad$5,746
Hyperliquid L1$1,912
Base$349.08
Robinhood Chain$151.69
Plasma$102
X Layer$92.56
BSC$85.56
Sonic$3.27
Mantle$2.16
Berachain$0
OP Mainnet$0
Holders Revenue 24h$34,258
Arbitrum$16,945
Ethereum$12,328
Monad$2,818
Hyperliquid L1$1,696
Base$153
Robinhood Chain$151
Plasma$81
BSC$80
Sonic$3.14
X Layer$3.06
Mantle$0.06
Berachain$0
OP Mainnet$0
Cumulative Holders Revenue$56.78m
Ethereum$46.55m
Arbitrum$4.63m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,027
Hyperliquid L1$174,845
Sonic$130,972
Monad$96,311
OP Mainnet$19,975
Robinhood Chain$459.11
X Layer$428.69
Incentives 1y$3.97m
Incentives 30d$49,128
Incentives 7d$17,202
Incentives 24h$965.11
Cumulative Incentives$90.61m
Earnings (Annualized)$10.76m
Earnings 30d$459,531
Earnings 7d$146,972
Earnings 24h$42,811
Cumulative Earnings-$25.39m
DEX Volume 30d$851m
DEX Volume 30d by chain
Ethereum$561.74m
Monad$128.47m
Arbitrum$122.7m
Hyperliquid L1$17.3m
Plasma$12.91m
X Layer$4.85m
Robinhood Chain$1.82m
Base$908,294
BSC$294,168
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$207.6m
Ethereum$111.92m
Arbitrum$57.93m
Monad$35.83m
X Layer$734,922
Plasma$731,725
Hyperliquid L1$182,919
Base$180,445
BSC$46,980
Robinhood Chain$41,581
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$36.43m
Monad$25.96m
Ethereum$9.52m
Arbitrum$526,049
Plasma$313,975
Hyperliquid L1$33,593
Base$26,735
X Layer$23,042
BSC$16,649
Robinhood Chain$6,796
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.135b
Ethereum$52.306b
Arbitrum$3.272b
BSC$1.581b
Monad$385.08m
Mantle$303.09m
Plasma$212.9m
Hyperliquid L1$45.85m
Base$17.41m
X Layer$6.37m
Robinhood Chain$4.18m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$583.59m
Perp Volume 30d by chain
Arbitrum$583.59m
Perp Volume 7d$163.77m
Arbitrum$163.77m
Perp Volume 24h$9.62m
Arbitrum$9.62m
Cumulative Perp Volume$21.391b
Arbitrum$21.391b
Open Interest$121.89m
Market Cap$375.3m
$PENDLE Price$2.16
Fully Diluted Valuation$607.73m
Outstanding FDV$609.54m
$PENDLE Volume 24h$57.36m
CEX Volume$18.11m
DEX Volume$39.48m(68.84% of total)
Staked$205.97m(54.88% 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 Tracked172
Average Supply APY12.45%
User Activity
Active Addresses (24h)512
New Addresses (24h)67
Transactions (24h)844
Gas Used (24h)0.11 ETH
Gas Cost (24h)$267
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 Oct 20, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $1.283b |
| Sep 22, 2026 | $1.307b |
| Sep 23, 2026 | $1.322b |
| Sep 24, 2026 | $1.31b |
| Sep 25, 2026 | $1.264b |
| Sep 26, 2026 | $1.272b |
| Sep 27, 2026 | $1.272b |
| Sep 28, 2026 | $1.265b |
| Sep 29, 2026 | $1.27b |
| Sep 30, 2026 | $1.264b |
| Oct 1, 2026 | $1.257b |
| Oct 2, 2026 | $1.265b |
| Oct 3, 2026 | $1.269b |
| Oct 4, 2026 | $1.263b |
| Oct 5, 2026 | $1.266b |
| Oct 6, 2026 | $1.261b |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $4.141b |
| 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 20, 2026 (latest) | $1.116b |
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, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.74m | $1.62m | $1.3m |
| 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 (to date) | $331,935 | $327,502 | $246,423 |
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 Oct 20, 2026, Pendle has $1.121b in total value locked. TVL has decreased 12.4% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 14 chains: Ethereum, Monad, Arbitrum, X Layer, and Plasma and 9 others. Ethereum holds the largest share at 72.4%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $515,584 in fees. Of that, $508,659 was protocol revenue. Based on the trailing year, the annualized rate is $15.02m in fees and $14.72m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $2.16. Its circulating market capitalization is $376.08m, ranking it #183. Its fully diluted valuation is $609m. Supply currently stands at 173.85m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is up 1.5% over the past 7 days and down 17.6% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 71.2% 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 $851m in DEX volume over the past 30 days.