Ask about PendleTotal Value Locked$1.18b
TVL by Chain
Ethereum$688.08m
Monad$162.71m
Plasma$152.69m
Arbitrum$132.02m
Hyperliquid L1$22.83m
BSC$17.85m
Base$3.51m
Sonic$534,968.45
Mantle$115,436.68
Avalanche$45,063.79
OP Mainnet$16,605.29
Berachain$6,451.8
Key Metrics
Fees (Annualized)$22.69m
Fees 30d$769,232
Ethereum$457,963
Plasma$189,624
Arbitrum$73,472
Monad$27,196
Base$9,055
BSC$8,512.22
Hyperliquid L1$3,359.8
Sonic$46.41
Mantle$4.01
Berachain$0.11
OP Mainnet$0
Fees 7d$267,073
Plasma$157,790
Ethereum$90,072
Monad$8,230
Arbitrum$5,570
BSC$4,016
Base$814
Hyperliquid L1$563.47
Sonic$15
Mantle$3.84
Berachain$0
OP Mainnet$0
Fees 24h$11,331
Ethereum$7,012
Arbitrum$2,334
Plasma$1,684
Monad$187
Base$93
Hyperliquid L1$12
BSC$9.14
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.94m
Ethereum$53.67m
Arbitrum$5.63m
Plasma$1.85m
Berachain$1.49m
BSC$1.41m
Mantle$844,204.01
Base$511,200
Hyperliquid L1$318,195.8
Sonic$147,072.41
Monad$52,130
OP Mainnet$24,363
Revenue (Annualized)$22.02m
Revenue 30d$761,674
Ethereum$452,009
Plasma$189,568
Arbitrum$73,261
Monad$26,190
Base$8,848
BSC$8,438.1
Hyperliquid L1$3,311.05
Sonic$46.41
Mantle$4.01
Berachain$0.11
OP Mainnet$0
Revenue 7d$265,290
Plasma$157,782
Ethereum$88,934
Monad$7,736
Arbitrum$5,544
BSC$4,001
Base$720
Hyperliquid L1$554.69
Sonic$15
Mantle$3.84
Berachain$0
OP Mainnet$0
Revenue 24h$11,122
Ethereum$6,823
Arbitrum$2,328
Plasma$1,683
Monad$178
Base$90
Hyperliquid L1$11
BSC$8.95
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.29m
Ethereum$51.57m
Arbitrum$5.41m
Plasma$1.78m
Berachain$1.48m
BSC$1.36m
Mantle$841,550.01
Base$440,816
Hyperliquid L1$206,094.05
Sonic$133,620.41
Monad$50,497
OP Mainnet$24,238
Holders Revenue (Annualized)$18.24m
Holders Revenue 30d$609,345
Ethereum$361,609
Plasma$151,654
Arbitrum$58,610
Monad$20,950
Base$7,078.65
BSC$6,752.68
Hyperliquid L1$2,649.12
Sonic$37.93
Mantle$3.21
Berachain$0.09
OP Mainnet$0
Holders Revenue 7d$212,233
Plasma$126,226
Ethereum$71,147
Monad$6,188
Arbitrum$4,436
BSC$3,201
Base$576.65
Hyperliquid L1$443.43
Sonic$12
Mantle$3.07
Berachain$0
OP Mainnet$0
Holders Revenue 24h$8,898
Ethereum$5,458
Arbitrum$1,863
Plasma$1,347
Monad$142
Base$72
Hyperliquid L1$9.06
BSC$7.16
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.84m
Ethereum$45.82m
Arbitrum$4.55m
Berachain$1.47m
Plasma$1.42m
BSC$1.12m
Mantle$702,619.21
Base$410,809.65
Hyperliquid L1$164,876.18
Sonic$129,119.93
Monad$40,395
OP Mainnet$19,973
Incentives 1y$9.01m
$50,480.91
$10,981.13
$1,020.25
$90.46m
Earnings (Annualized)$13.01m
$711,193.09
$254,308.87
$10,101.75
-$27.17m
DEX Volume 30d$353.46m
DEX Volume 30d by chain
Ethereum$239.11m
Monad$71.26m
Arbitrum$14.65m
BSC$14.34m
Plasma$8.29m
Hyperliquid L1$4.88m
Base$915,211
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$106.81m
Ethereum$83.91m
Monad$16.04m
BSC$3.61m
Arbitrum$2.07m
Hyperliquid L1$722,784
Plasma$265,504
Base$194,989
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$13.02m
Ethereum$10.87m
Arbitrum$1.26m
Monad$741,720
BSC$89,391
Hyperliquid L1$37,549
Base$11,111
Plasma$3,511
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.411b
Ethereum$51.135b
Arbitrum$3.108b
BSC$1.577b
Mantle$303.09m
Plasma$167.46m
Monad$99.37m
Base$16.08m
Hyperliquid L1$5.51m
OP Mainnet$158,370
Berachain$0
Sonic$0
Market Cap$231.51m
$PENDLE Price$1.35
$378.74m
$380.96m
$PENDLE Volume 24h$19.23m
CEX Volume$8.69m
DEX Volume$10.71m(55.72% of total)
Staked$136.3m(58.88% 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.
Category:Yield
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 Tracked178
Average Supply APY9.24%
User Activity
Active Addresses (24h)469
New Addresses (24h)118
Transactions (24h)889
Gas Used (24h)0.15 ETH
Gas Cost (24h)$288
Competitors
Frequently Asked Questions
What is Pendle?
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
What is Pendle's TVL?
Pendle currently has $1.18b in total value locked. TVL has increased 13.6% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Avalanche, Ethereum, OP Mainnet, Plasma, and Berachain and 7 others. Ethereum holds the largest share at 58.3%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $769,232 in fees. Of that, $761,674 was protocol revenue. Based on the trailing year, the annualized rate is $22.69m in fees and $22.02m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.34. Its circulating market capitalization is $231.28m, ranking it #205. Its fully diluted valuation is $378.37m. Supply currently stands at 172.08m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 2.5% over the past 7 days and down 10.4% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 82.1% 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 $4.343b across 555 protocols, and Pendle accounts for 27.2% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $353.46m in DEX volume over the past 30 days.
