Ask about Pendle · freeTotal Value Locked$1.111b
TVL by Chain
Ethereum$795.72m
Monad$151.38m
Arbitrum$60.95m
X Layer$45.67m
Plasma$34.69m
Hyperliquid L1$9.58m
BSC$7.63m
Base$3.86m
Sonic$495,221
Robinhood Chain$469,712
Mantle$109,748
Avalanche$45,953
Berachain$1,554
OP Mainnet$0
Key Metrics
Fees 30d$489,436
Fees 30d by chain
Ethereum$357,757
Arbitrum$85,337
Monad$22,507
Plasma$10,182
Hyperliquid L1$6,247
Base$3,940
Sonic$2,295
X Layer$433.77
BSC$342.89
Robinhood Chain$331.50
Mantle$59.43
Berachain$0.92
OP Mainnet$0
Fees 7d$139,556
Ethereum$94,493
Arbitrum$38,075
Monad$5,751
Hyperliquid L1$473.52
Base$300.75
X Layer$236.59
Plasma$203
BSC$14.96
Mantle$3.46
Robinhood Chain$1.80
Sonic$1.30
Berachain$0
OP Mainnet$0
Fees 24h$7,482
Ethereum$4,994
Arbitrum$1,686
Monad$781
Base$14
Hyperliquid L1$4.45
X Layer$2.17
BSC$0.04
Robinhood Chain$0.03
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$67.89m
Ethereum$54.59m
Arbitrum$6.53m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,279
Base$516,479
Hyperliquid L1$328,675
Sonic$149,379
Monad$118,477
OP Mainnet$24,365
X Layer$570.26
Robinhood Chain$390.85
Revenue 30d$482,462
Revenue 30d by chain
Ethereum$352,470
Arbitrum$84,398
Monad$21,997
Plasma$10,162
Hyperliquid L1$6,167
Base$3,846
Sonic$2,295
X Layer$400.90
BSC$337.06
Robinhood Chain$329.41
Mantle$59.43
Berachain$0.92
OP Mainnet$0
Revenue 7d$137,682
Ethereum$93,149
Arbitrum$37,731
Monad$5,642
Hyperliquid L1$461.16
Base$259.74
X Layer$216.52
Plasma$202
BSC$14.64
Mantle$3.46
Robinhood Chain$1.46
Sonic$1.30
Berachain$0
OP Mainnet$0
Revenue 24h$7,352
Ethereum$4,919
Arbitrum$1,677
Monad$739
Base$11
Hyperliquid L1$4.14
X Layer$2.11
BSC$0.04
Robinhood Chain$0.03
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.16m
Ethereum$52.47m
Arbitrum$6.25m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$445,870
Hyperliquid L1$216,383
Sonic$135,927
Monad$115,345
OP Mainnet$24,240
X Layer$525.78
Robinhood Chain$385.91
Holders Revenue 30d$360,123
Holders Revenue 30d by chain
Ethereum$281,977
Arbitrum$41,669
Monad$17,597
Plasma$8,133
Hyperliquid L1$4,932
Base$3,078
Sonic$1,835
X Layer$320.89
BSC$269.33
Robinhood Chain$263.32
Mantle$47.55
Berachain$0.73
OP Mainnet$0
Holders Revenue 7d$102,837
Ethereum$74,519
Arbitrum$22,875
Monad$4,514
Hyperliquid L1$368.93
Base$208.08
X Layer$173.21
Plasma$162
BSC$11.71
Mantle$2.78
Robinhood Chain$1.17
Sonic$1.04
Berachain$0
OP Mainnet$0
Holders Revenue 24h$4,924
Ethereum$3,935
Monad$591
Arbitrum$384
Base$9.09
Hyperliquid L1$3.31
X Layer$1.69
BSC$0.03
Robinhood Chain$0.02
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.74m
Ethereum$46.54m
Arbitrum$4.62m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$414,855
Hyperliquid L1$173,106
Sonic$130,967
Monad$92,274
OP Mainnet$19,975
X Layer$420.80
Robinhood Chain$307.76
Incentives 1y$4.05m
Incentives 30d$48,322
Incentives 7d$16,606
Incentives 24h$511.78
Cumulative Incentives$90.6m
Earnings (Annualized)$10.7m
Earnings 30d$434,140
Earnings 7d$121,076
Earnings 24h$6,840
Cumulative Earnings-$25.44m
DEX Volume 30d$888.04m
DEX Volume 30d by chain
Ethereum$611.99m
Arbitrum$128.36m
Monad$105.53m
Hyperliquid L1$21.3m
Plasma$12.89m
X Layer$4.93m
Robinhood Chain$1.87m
Base$895,217
BSC$274,256
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$200.6m
Ethereum$112.23m
Arbitrum$70.12m
Monad$14.9m
X Layer$1.46m
Hyperliquid L1$1.17m
Plasma$497,730
Base$147,666
Robinhood Chain$39,991
BSC$24,862
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$14.3m
Ethereum$11.44m
Monad$1.93m
Arbitrum$773,675
X Layer$85,293
Plasma$42,987
Hyperliquid L1$18,375
Base$13,175
BSC$422
Robinhood Chain$171
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$57.941b
Ethereum$52.179b
Arbitrum$3.271b
BSC$1.581b
Monad$324.77m
Mantle$303.09m
Plasma$208.89m
Hyperliquid L1$45.73m
Base$17.38m
X Layer$6.31m
Robinhood Chain$4.18m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$647.54m
Perp Volume 30d by chain
Arbitrum$647.54m
Perp Volume 7d$178.32m
Arbitrum$178.32m
Perp Volume 24h$29.49m
Arbitrum$29.49m
Cumulative Perp Volume$21.37b
Arbitrum$21.37b
Open Interest$115.19m
Market Cap$353.73m
$PENDLE Price$2.03
Fully Diluted Valuation$572.82m
Outstanding FDV$572.86m
$PENDLE Volume 24h$44.33m
CEX Volume$12.13m
DEX Volume$33.9m(76.49% of total)
Staked$192.82m(54.51% 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 Tracked170
Average Supply APY12.91%
User Activity
Active Addresses (24h)501
New Addresses (24h)40
Transactions (24h)854
Gas Used (24h)0.1 ETH
Gas Cost (24h)$247
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 18, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $1.27b |
| Sep 20, 2026 | $1.28b |
| 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 |
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 18, 2026 (latest) | $1.113b |
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) | $278,865 | $274,791 | $205,560 |
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 18, 2026, Pendle has $1.111b in total value locked. TVL has decreased 11.8% 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 71.6%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $489,436 in fees. Of that, $482,462 was protocol revenue. Based on the trailing year, the annualized rate is $15.04m in fees and $14.75m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $2.07. Its circulating market capitalization is $360.2m, ranking it #185. Its fully diluted valuation is $583.29m. Supply currently stands at 173.85m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 5.3% over the past 7 days and down 19.5% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 72.4% 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 $888.04m in DEX volume over the past 30 days.