Ask about Pendle · freeTotal Value Locked$1.115b
TVL by Chain
Ethereum$804.7m
Monad$152.23m
Arbitrum$60.07m
X Layer$43.56m
Plasma$32.08m
Hyperliquid L1$9.57m
BSC$7.68m
Base$4.06m
Sonic$496,967
Robinhood Chain$434,181
Mantle$109,849
Avalanche$45,897
Berachain$1,489
OP Mainnet$0
Key Metrics
Fees 30d$485,002
Fees 30d by chain
Ethereum$356,601
Arbitrum$83,521
Monad$21,459
Plasma$9,975
Hyperliquid L1$6,016
Base$3,968
Sonic$2,295
X Layer$429.31
BSC$345.26
Robinhood Chain$329.65
Mantle$59.55
Berachain$0.92
OP Mainnet$0
Fees 7d$135,599
Ethereum$91,653
Arbitrum$37,350
Monad$5,699
Base$321.75
Hyperliquid L1$294
X Layer$232.63
Plasma$26
BSC$17.06
Mantle$2.62
Robinhood Chain$1.59
Sonic$0.16
Berachain$0
OP Mainnet$0
Fees 24h$5,350
Ethereum$3,980
Arbitrum$1,178
Monad$145
Base$38
Hyperliquid L1$6.48
BSC$2.50
Mantle$0.12
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
X Layer$0
Cumulative Fees$67.93m
Ethereum$54.6m
Arbitrum$6.55m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,280
Base$516,697
Hyperliquid L1$330,790
Sonic$149,383
Monad$121,226
OP Mainnet$24,365
Robinhood Chain$581.82
X Layer$575.03
Revenue 30d$478,080
Revenue 30d by chain
Ethereum$351,355
Arbitrum$82,597
Monad$20,950
Plasma$9,955
Hyperliquid L1$5,936
Base$3,868
Sonic$2,295
X Layer$396.91
BSC$338.93
Robinhood Chain$327.78
Mantle$59.55
Berachain$0.92
OP Mainnet$0
Revenue 7d$133,714
Ethereum$90,288
Arbitrum$37,017
Monad$5,585
Hyperliquid L1$286.96
Base$277.74
X Layer$213.13
Plasma$26
BSC$16.24
Mantle$2.62
Robinhood Chain$1.29
Sonic$0.16
Berachain$0
OP Mainnet$0
Revenue 24h$5,249
Ethereum$3,905
Arbitrum$1,172
Monad$132
Base$32
Hyperliquid L1$5.80
BSC$2
Mantle$0.12
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
X Layer$0
Cumulative Revenue$65.2m
Ethereum$52.48m
Arbitrum$6.27m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,083
Hyperliquid L1$218,498
Sonic$135,931
Monad$118,090
OP Mainnet$24,240
Robinhood Chain$576.88
X Layer$529.60
Holders Revenue 30d$357,341
Holders Revenue 30d by chain
Ethereum$281,085
Arbitrum$40,953
Monad$16,759
Plasma$7,967
Hyperliquid L1$4,748
Base$3,095
Sonic$1,835
X Layer$317.70
BSC$270.82
Robinhood Chain$262.02
Mantle$47.64
Berachain$0.73
OP Mainnet$0
Holders Revenue 7d$99,829
Ethereum$72,230
Arbitrum$22,472
Monad$4,468
Hyperliquid L1$229.57
Base$222.08
X Layer$170.50
Plasma$21
BSC$12.99
Mantle$2.10
Robinhood Chain$1.03
Sonic$0.13
Berachain$0
OP Mainnet$0
Holders Revenue 24h$3,737
Ethereum$3,124
Arbitrum$477
Monad$105
Base$25
Hyperliquid L1$4.64
BSC$1.60
Mantle$0.09
Berachain$0
OP Mainnet$0
Robinhood Chain$0
Sonic$0
X Layer$0
Cumulative Holders Revenue$56.77m
Ethereum$46.55m
Arbitrum$4.63m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,025
Hyperliquid L1$174,798
Sonic$130,970
Monad$94,469
OP Mainnet$19,975
Robinhood Chain$459.74
X Layer$423.86
Incentives 1y$4.01m
Incentives 30d$48,973
Incentives 7d$17,260
Incentives 24h$1,047
Cumulative Incentives$90.6m
Earnings (Annualized)$10.71m
Earnings 30d$429,107
Earnings 7d$116,454
Earnings 24h$4,202
Cumulative Earnings-$25.4m
DEX Volume 30d$832.42m
DEX Volume 30d by chain
Ethereum$568.42m
Arbitrum$122.51m
Monad$103.6m
Hyperliquid L1$17.39m
Plasma$12.63m
X Layer$4.86m
Robinhood Chain$1.82m
Base$901,767
BSC$280,425
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$193.83m
Ethereum$114.25m
Arbitrum$61.52m
Monad$15.73m
X Layer$1.41m
Plasma$473,536
Hyperliquid L1$217,410
Base$157,905
Robinhood Chain$38,628
BSC$35,017
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$12.66m
Ethereum$10.27m
Monad$1.13m
Arbitrum$917,143
Plasma$298,631
Base$19,557
Hyperliquid L1$19,135
BSC$10,255
Robinhood Chain$34
X Layer$1.70
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$57.952b
Ethereum$52.186b
Arbitrum$3.272b
BSC$1.581b
Monad$327.14m
Mantle$303.09m
Plasma$209.31m
Hyperliquid L1$45.75m
Base$17.41m
X Layer$6.34m
Robinhood Chain$4.18m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$615m
Perp Volume 30d by chain
Arbitrum$615m
Perp Volume 7d$170.51m
Arbitrum$170.51m
Perp Volume 24h$8.71m
Arbitrum$8.71m
Cumulative Perp Volume$21.379b
Arbitrum$21.379b
Open Interest$119.96m
Market Cap$360.2m
$PENDLE Price$2.07
Fully Diluted Valuation$583.28m
Outstanding FDV$584.15m
$PENDLE Volume 24h$46.98m
CEX Volume$12.59m
DEX Volume$34.62m(73.7% of total)
Staked$194.54m(54.01% 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 APY12.65%
User Activity
Active Addresses (24h)499
New Addresses (24h)45
Transactions (24h)851
Gas Used (24h)0.09 ETH
Gas Cost (24h)$222
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 19, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 19, 2026 | $1.11b |
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 19, 2026 (latest) | $1.11b |
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) | $319,784 | $315,563 | $237,529 |
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 19, 2026, Pendle has $1.115b in total value locked. TVL has decreased 12.2% 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 72.2%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $485,002 in fees. Of that, $478,080 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 $2.07. Its circulating market capitalization is $360.2m, ranking it #185. Its fully diluted valuation is $583.28m. Supply currently stands at 173.85m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 3.1% over the past 7 days and down 22.1% 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 $832.42m in DEX volume over the past 30 days.