Ask about Pendle · freeTotal Value Locked$1.112b
TVL by Chain
Ethereum$788.91m
Monad$155.67m
Arbitrum$61.97m
X Layer$46.11m
Plasma$37.13m
Hyperliquid L1$9.59m
BSC$7.64m
Base$3.5m
Robinhood Chain$639,320
Sonic$501,200
Mantle$110,455
Avalanche$46,100
Berachain$1,772
OP Mainnet$0
Key Metrics
Fees 30d$475,035
Fees 30d by chain
Ethereum$351,935
Arbitrum$77,709
Monad$21,412
Plasma$10,314
Hyperliquid L1$6,355
Base$3,838
Sonic$2,295
X Layer$430.32
BSC$344.06
Robinhood Chain$341.71
Mantle$59.09
Berachain$0.92
OP Mainnet$0
Fees 7d$124,423
Ethereum$88,075
Arbitrum$30,408
Monad$4,137
Hyperliquid L1$959.05
Plasma$334
X Layer$252.42
Base$227.75
BSC$17.58
Sonic$6.49
Mantle$3.42
Robinhood Chain$1.35
Berachain$0
OP Mainnet$0
Fees 24h$61,745
Ethereum$45,676
Arbitrum$14,722
Monad$985
Hyperliquid L1$246
Base$110
X Layer$3.82
BSC$1.13
Mantle$1.11
Robinhood Chain$0.01
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Fees$67.92m
Ethereum$54.61m
Arbitrum$6.53m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,279
Base$516,429
Hyperliquid L1$328,889
Sonic$149,379
Monad$117,602
OP Mainnet$24,365
X Layer$569.23
Robinhood Chain$390.69
Revenue 30d$467,998
Revenue 30d by chain
Ethereum$346,518
Arbitrum$76,801
Monad$20,928
Plasma$10,293
Hyperliquid L1$6,270
Base$3,759
Sonic$2,295
X Layer$397.75
Robinhood Chain$339.07
BSC$338.28
Mantle$59.09
Berachain$0.92
OP Mainnet$0
Revenue 7d$122,715
Ethereum$86,846
Arbitrum$30,077
Monad$4,060
Hyperliquid L1$939.67
Plasma$333
X Layer$230.82
Base$200.74
BSC$17.27
Sonic$6.49
Mantle$3.42
Robinhood Chain$1.12
Berachain$0
OP Mainnet$0
Revenue 24h$61,263
Ethereum$45,387
Arbitrum$14,567
Monad$968
Hyperliquid L1$243
Base$93
X Layer$3.09
Mantle$1.11
BSC$1.07
Robinhood Chain$0.01
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.19m
Ethereum$52.49m
Arbitrum$6.25m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$445,823
Hyperliquid L1$216,598
Sonic$135,927
Monad$114,525
OP Mainnet$24,240
X Layer$524.57
Robinhood Chain$385.77
Holders Revenue 30d$349,171
Holders Revenue 30d by chain
Ethereum$277,216
Arbitrum$36,211
Monad$16,742
Plasma$8,237
Hyperliquid L1$5,014
Base$3,008
Sonic$1,835
X Layer$318.37
Robinhood Chain$271.05
BSC$270.30
Mantle$47.27
Berachain$0.73
OP Mainnet$0
Holders Revenue 7d$91,636
Ethereum$69,477
Arbitrum$17,523
Monad$3,249
Hyperliquid L1$751.74
Plasma$266.55
X Layer$185.05
Base$160.85
BSC$13.81
Sonic$5.19
Mantle$2.74
Robinhood Chain$0.90
Berachain$0
OP Mainnet$0
Holders Revenue 24h$47,160
Ethereum$36,310
Arbitrum$9,803
Monad$775
Hyperliquid L1$194
Base$74
X Layer$2.47
Mantle$0.89
BSC$0.85
Robinhood Chain$0.01
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.76m
Ethereum$46.56m
Arbitrum$4.62m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$414,818
Hyperliquid L1$173,277
Sonic$130,967
Monad$91,618
OP Mainnet$19,975
X Layer$419.84
Robinhood Chain$307.65
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$537,579
Earnings (Annualized)$14.8m
Earnings 30d$467,998
Earnings 7d$122,715
Earnings 24h$61,263
Cumulative Earnings$64.66m
DEX Volume 30d$880.63m
DEX Volume 30d by chain
Ethereum$615.21m
Arbitrum$119.11m
Monad$101.99m
Hyperliquid L1$22.26m
Plasma$13.04m
X Layer$4.85m
Robinhood Chain$3.01m
Base$884,458
BSC$285,139
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$189.96m
Ethereum$110.59m
Arbitrum$64.57m
Monad$11.2m
X Layer$1.58m
Hyperliquid L1$1.36m
Plasma$456,121
Base$98,682
BSC$58,647
Robinhood Chain$53,337
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$23.64m
Ethereum$16.51m
Arbitrum$4.56m
Monad$2.32m
Hyperliquid L1$85,145
Base$63,793
Plasma$61,037
X Layer$25,428
BSC$14,839
Robinhood Chain$347
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$57.911b
Ethereum$52.152b
Arbitrum$3.27b
BSC$1.581b
Monad$322.3m
Mantle$303.09m
Plasma$208.84m
Hyperliquid L1$45.7m
Base$17.36m
X Layer$6.23m
Robinhood Chain$4.17m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$629.31m
Perp Volume 30d by chain
Arbitrum$629.31m
Perp Volume 7d$164.78m
Arbitrum$164.78m
Perp Volume 24h$48.84m
Arbitrum$48.84m
Cumulative Perp Volume$21.357b
Arbitrum$21.357b
Open Interest$122.72m
Market Cap$366.49m
$PENDLE Price$2.11
Fully Diluted Valuation$593.48m
Outstanding FDV$595.43m
$PENDLE Volume 24h$62.24m
CEX Volume$22.51m
DEX Volume$40.5m(65.07% of total)
Staked$200.59m(54.73% 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 APY12.32%
User Activity
Active Addresses (24h)749
New Addresses (24h)65
Transactions (24h)1,323
Gas Used (24h)0.2 ETH
Gas Cost (24h)$472
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 16, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 17, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 17, 2026 | $1.251b |
| Sep 18, 2026 | $1.26b |
| 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 |
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 16, 2026 (latest) | $1.124b |
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) | $306,682 | $302,820 | $228,702 |
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 16, 2026, Pendle has $1.112b in total value locked. TVL has decreased 10.6% 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%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $475,035 in fees. Of that, $467,998 was protocol revenue. Based on the trailing year, the annualized rate is $15.11m in fees and $14.8m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $2.09. Its circulating market capitalization is $364.31m, ranking it #186. Its fully diluted valuation is $589.95m. Supply currently stands at 173.85m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 0.1% over the past 7 days and down 2.4% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 72.1% 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 $880.63m in DEX volume over the past 30 days.