Total Value Locked$1.183b
TVL by Chain
Ethereum$697.38m
Monad$176.82m
Arbitrum$133.34m
Plasma$111.4m
Hyperliquid L1$34.88m
BSC$18.14m
X Layer$6.39m
Base$3.88m
Sonic$602,408.52
Mantle$129,986.46
Avalanche$45,386.95
OP Mainnet$21,487.88
Berachain$7,838.76
Key Metrics
Fees (Annualized)$20.61m
Fees 30d$742,264
Ethereum$438,991
Plasma$196,804
Arbitrum$61,783
Monad$27,158
Base$9,523.13
BSC$5,343.67
Hyperliquid L1$2,625.85
Sonic$32.61
Mantle$4.01
Berachain$0.18
OP Mainnet$0.13
Fees 7d$121,030
Ethereum$93,268
Plasma$9,305
Monad$8,762
Arbitrum$7,951
Hyperliquid L1$994.41
Base$483.49
BSC$266.64
Sonic$0.2
OP Mainnet$0.13
Berachain$0.07
Mantle$0
Fees 24h$50,661
Ethereum$46,925
Monad$1,494
Plasma$996
Arbitrum$573
Hyperliquid L1$443
Base$229
BSC$0.81
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.18m
Ethereum$53.87m
Arbitrum$5.64m
Plasma$1.86m
Berachain$1.49m
BSC$1.41m
Mantle$844,204.01
Base$512,007.13
Hyperliquid L1$319,747.85
Sonic$147,072.61
Monad$66,451
OP Mainnet$24,363.13
Revenue (Annualized)$20m
Revenue 30d$734,962
Ethereum$433,530
Plasma$196,750
Arbitrum$61,519
Monad$26,019
Base$9,252.16
BSC$5,294.26
Hyperliquid L1$2,562.62
Sonic$32.61
Mantle$4.01
Berachain$0.18
OP Mainnet$0.13
Revenue 7d$119,124
Ethereum$91,829
Plasma$9,277
Monad$8,455
Arbitrum$7,892
Hyperliquid L1$956.18
Base$455.3
BSC$259.36
Sonic$0.2
OP Mainnet$0.13
Berachain$0.07
Mantle$0
Revenue 24h$48,312
Ethereum$44,677
Monad$1,462
Plasma$990
Arbitrum$556
Hyperliquid L1$441
Base$185
BSC$0.68
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.53m
Ethereum$51.76m
Arbitrum$5.42m
Plasma$1.79m
Berachain$1.48m
BSC$1.36m
Mantle$841,550.01
Base$441,516.16
Hyperliquid L1$207,603.62
Sonic$133,620.61
Monad$64,401
OP Mainnet$24,238.13
Holders Revenue (Annualized)$16.18m
Holders Revenue 30d$587,970
Ethereum$346,823
Plasma$157,402
Arbitrum$49,216
Monad$20,815
Base$7,399.38
BSC$4,237.01
Hyperliquid L1$2,048.1
Sonic$26.08
Mantle$3.21
Berachain$0.15
OP Mainnet$0.1
Holders Revenue 7d$95,299
Ethereum$73,463
Plasma$7,422
Monad$6,764
Arbitrum$6,315
Hyperliquid L1$763.94
Base$362.44
BSC$208.69
Sonic$0.15
OP Mainnet$0.1
Berachain$0.06
Mantle$0
Holders Revenue 24h$38,651
Ethereum$35,742
Monad$1,170
Plasma$792
Arbitrum$445
Hyperliquid L1$353
Base$148
BSC$0.54
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.03m
Ethereum$45.97m
Arbitrum$4.55m
Berachain$1.47m
Plasma$1.43m
BSC$1.12m
Mantle$702,619.21
Base$411,368.38
Hyperliquid L1$166,083.1
Sonic$129,120.08
Monad$51,519
OP Mainnet$19,973.1
Incentives 1y$7.79m
$49,426.7
$12,292.95
$1,526.84
$90.48m
Earnings (Annualized)$12.21m
$685,535.3
$106,831.05
$46,785.16
-$26.95m
DEX Volume 30d$420.52m
DEX Volume 30d by chain
Ethereum$303.5m
Monad$66.19m
Arbitrum$18.04m
BSC$13.8m
Plasma$11.14m
Hyperliquid L1$6.94m
Base$915,756
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$110.75m
Ethereum$71.36m
Monad$20.27m
Plasma$8.37m
Arbitrum$4.71m
Hyperliquid L1$3.92m
BSC$2.05m
Base$72,284
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$67.51m
Ethereum$57.55m
Hyperliquid L1$4.5m
Monad$2.54m
Plasma$1.83m
Arbitrum$966,725
BSC$69,208
Base$44,936
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.674b
Ethereum$51.335b
Arbitrum$3.116b
BSC$1.58b
Mantle$303.09m
Plasma$178.84m
Monad$130.55m
Base$16.27m
Hyperliquid L1$14.69m
OP Mainnet$158,370
Berachain$0
Sonic$0
Market Cap$297.01m
$PENDLE Price$1.72
$485.55m
$485.38m
$PENDLE Volume 24h$54.87m
CEX Volume$18.99m
DEX Volume$32.34m(58.94% of total)
Staked$172.58m(58.11% 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.
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 Tracked166
Average Supply APY11.87%
User Activity
Active Addresses (24h)443
New Addresses (24h)48
Transactions (24h)802
Gas Used (24h)0.29 ETH
Gas Cost (24h)$702
Competitors
Frequently Asked Questions
What is Pendle's TVL?
Pendle currently has $1.183b in total value locked. TVL has decreased 1% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 13 chains: Ethereum, Avalanche, OP Mainnet, Berachain, and Sonic and 8 others. Ethereum holds the largest share at 58.9%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $742,264 in fees. Of that, $734,962 was protocol revenue. Based on the trailing year, the annualized rate is $20.61m in fees and $20m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.74. Its circulating market capitalization is $300.09m, ranking it #195. Its fully diluted valuation is $490.58m. Supply currently stands at 172.21m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is up 28.8% over the past 7 days and up 13.8% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 76.8% 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 $4.621b across 584 protocols, and Pendle accounts for 25.6% of that total. Other leading protocols include Equilibria, Spectra V2, Penpie, Napier, Saffron Vaults, Spark Savings, Stake DAO, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle process?
Pendle processed $420.52m in DEX volume over the past 30 days.
