Ask about Pendle · freeTotal Value Locked$1.022b
TVL by Chain
Ethereum$757.75m
Monad$148.76m
Arbitrum$58.89m
X Layer$36.07m
Hyperliquid L1$10.51m
BSC$3.67m
Plasma$3.18m
Base$2.37m
Sonic$474,559
Robinhood Chain$305,420
Mantle$105,075
Avalanche$45,486
Berachain$1,228
OP Mainnet$0
Key Metrics
Fees 30d$459,223
Fees 30d by chain
Ethereum$306,154
Arbitrum$112,499
Monad$23,399
Plasma$6,258
Hyperliquid L1$6,209
Sonic$2,298
Base$1,274
X Layer$418.96
BSC$336.38
Robinhood Chain$313.10
Mantle$60.11
Berachain$0.37
OP Mainnet$0
Fees 7d$87,045
Ethereum$53,618
Arbitrum$29,272
Monad$3,218
Plasma$510.06
Hyperliquid L1$249.88
Base$100.51
X Layer$37.27
BSC$33.36
Robinhood Chain$4.74
Mantle$0.51
Sonic$0.51
Berachain$0
OP Mainnet$0
Fees 24h$13,600
Ethereum$9,734
Arbitrum$3,283
Monad$546
X Layer$8.98
Base$7.37
Plasma$7.26
Hyperliquid L1$7.14
BSC$6.09
Berachain$0
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Fees$68.06m
Ethereum$54.68m
Arbitrum$6.58m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,280
Base$516,833
Hyperliquid L1$331,108
Sonic$149,385
Monad$128,176
OP Mainnet$24,365
X Layer$626.85
Robinhood Chain$586.25
Revenue 30d$452,683
Revenue 30d by chain
Ethereum$301,603
Arbitrum$111,457
Monad$22,648
Plasma$6,254
Hyperliquid L1$6,168
Sonic$2,298
Base$1,170
X Layer$384.76
BSC$329.73
Robinhood Chain$309.94
Mantle$60.11
Berachain$0.37
OP Mainnet$0
Revenue 7d$85,605
Ethereum$52,828
Arbitrum$28,847
Monad$3,020
Plasma$510
Hyperliquid L1$245.54
Base$82.68
X Layer$34.50
BSC$31.40
Robinhood Chain$3.88
Mantle$0.51
Sonic$0.51
Berachain$0
OP Mainnet$0
Revenue 24h$13,318
Ethereum$9,568
Arbitrum$3,210
Monad$506
X Layer$8.05
Plasma$7.26
Base$6.27
Hyperliquid L1$6.08
BSC$5.99
Berachain$0
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Revenue$65.33m
Ethereum$52.56m
Arbitrum$6.31m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,198
Hyperliquid L1$218,810
Sonic$135,934
Monad$124,649
OP Mainnet$24,240
Robinhood Chain$579.25
X Layer$575.72
Holders Revenue 30d$331,510
Holders Revenue 30d by chain
Ethereum$241,282
Arbitrum$58,530
Monad$18,119
Plasma$5,003
Hyperliquid L1$4,936
Sonic$1,838
Base$935.77
X Layer$307.52
BSC$263.37
Robinhood Chain$247.75
Mantle$48.09
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$56,856
Ethereum$42,262
Arbitrum$11,449
Monad$2,417
Plasma$407.79
Hyperliquid L1$197.24
Base$66.66
X Layer$27.32
BSC$25.11
Robinhood Chain$3.11
Mantle$0.41
Sonic$0.40
Berachain$0
OP Mainnet$0
Holders Revenue 24h$8,446
Ethereum$7,654
Monad$405
Arbitrum$360
X Layer$6.44
Plasma$5.80
Base$5.02
Hyperliquid L1$4.86
BSC$4.79
Berachain$0
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative Holders Revenue$56.85m
Ethereum$46.61m
Arbitrum$4.65m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,117
Hyperliquid L1$175,049
Sonic$130,972
Monad$99,717
OP Mainnet$19,975
Robinhood Chain$463.04
X Layer$460.48
Incentives 1y$3.76m
Incentives 30d$198,166
Incentives 7d$132,081
Incentives 24h$310.85
Cumulative Incentives$90.77m
Earnings (Annualized)$9.8m
Earnings 30d$254,517
Earnings 7d-$46,476
Earnings 24h$13,007
Cumulative Earnings-$25.44m
DEX Volume 30d$1.058b
DEX Volume 30d by chain
Ethereum$805.9m
Monad$136.69m
Arbitrum$92.6m
Plasma$14.46m
X Layer$4.1m
Hyperliquid L1$2.58m
Robinhood Chain$761,814
Base$404,341
BSC$270,655
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$375.27m
Ethereum$363.08m
Monad$7.21m
Arbitrum$4.36m
X Layer$219,592
Hyperliquid L1$132,183
BSC$99,713
Base$77,186
Plasma$58,827
Robinhood Chain$23,671
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$118.57m
Ethereum$115.92m
Monad$1.7m
Arbitrum$846,646
X Layer$47,012
Hyperliquid L1$38,263
Base$5,998
BSC$2,522
Plasma$1,639
Berachain$0
Mantle$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
Cumulative DEX Volume$58.558b
Ethereum$52.699b
Arbitrum$3.277b
BSC$1.581b
Monad$401.93m
Mantle$303.09m
Plasma$221.15m
Hyperliquid L1$46.01m
Base$17.53m
X Layer$6.63m
Robinhood Chain$4.21m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$697.1m
Perp Volume 30d by chain
Arbitrum$697.1m
Perp Volume 7d$301.27m
Arbitrum$301.27m
Perp Volume 24h$115.01m
Arbitrum$115.01m
Cumulative Perp Volume$21.76b
Arbitrum$21.76b
Open Interest$80.54m
Market Cap$293.85m
$PENDLE Price$1.69
Fully Diluted Valuation$475.7m
Outstanding FDV$476.91m
$PENDLE Volume 24h$76.79m
CEX Volume$37.33m
DEX Volume$40.44m(52.67% of total)
Staked$158.41m(53.91% 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 Tracked154
Average Supply APY16.1%
User Activity
Active Addresses (24h)475
New Addresses (24h)48
Transactions (24h)850
Gas Used (24h)0.61 ETH
Gas Cost (24h)$1,434
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 30, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| 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 |
| 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 |
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 30, 2026 (latest) | $1.042b |
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) | $468,472 | $461,852 | $335,040 |
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 30, 2026, Pendle has $1.022b in total value locked. TVL has decreased 19.1% 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 74.1%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $459,223 in fees. Of that, $452,683 was protocol revenue. Based on the trailing year, the annualized rate is $13.8m in fees and $13.56m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.70. Its circulating market capitalization is $296.41m, ranking it #198. Its fully diluted valuation is $479.84m. Supply currently stands at 173.91m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 18.5% over the past 7 days and down 28% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 77.3% 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 $1.058b in DEX volume over the past 30 days.