Ask about PendleTotal Value Locked$1.195b
TVL by Chain
Ethereum$675.15m
Plasma$196.03m
Monad$138.39m
Arbitrum$131.74m
Hyperliquid L1$25.6m
BSC$23.03m
Base$4.08m
Sonic$540,727.52
Mantle$115,416.85
Avalanche$45,771.38
OP Mainnet$16,266.56
Berachain$7,769.75
Key Metrics
Fees (Annualized)$24.21m
Fees 30d$801,994
Ethereum$684,681
Arbitrum$57,447
Plasma$25,522
Monad$25,342
BSC$4,443
Hyperliquid L1$3,638
Base$651
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Fees 7d$70,567
Ethereum$48,063
Arbitrum$9,782
Monad$6,394
Plasma$5,072
Hyperliquid L1$777
BSC$380
Base$98
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Fees 24h$5,881
Ethereum$4,913
Monad$390
Arbitrum$367
Plasma$120
Hyperliquid L1$56
Base$24
BSC$11
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.39m
Ethereum$53.39m
Arbitrum$5.57m
Plasma$1.66m
Berachain$1.49m
BSC$1.4m
Mantle$844,200
Base$502,254
Hyperliquid L1$316,679
Sonic$147,040
Monad$37,823
OP Mainnet$24,363
Revenue (Annualized)$23.48m
Revenue 30d$792,101
Ethereum$676,168
Arbitrum$57,019
Plasma$25,460
Monad$24,644
BSC$4,367
Hyperliquid L1$3,527
Base$649
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Revenue 7d$68,836
Ethereum$46,548
Arbitrum$9,729
Monad$6,278
Plasma$5,052
Hyperliquid L1$764
BSC$369
Base$96
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Revenue 24h$5,703
Ethereum$4,761
Monad$373
Arbitrum$362
Plasma$118
Hyperliquid L1$55
Base$24
BSC$10
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$62.74m
Ethereum$51.29m
Arbitrum$5.36m
Plasma$1.59m
Berachain$1.48m
BSC$1.35m
Mantle$841,546
Base$432,078
Hyperliquid L1$204,600
Sonic$133,588
Monad$36,940
OP Mainnet$24,238
Holders Revenue (Annualized)$19.81m
Holders Revenue 30d$633,680
Ethereum$540,937
Arbitrum$45,614
Plasma$20,368
Monad$19,713
BSC$3,492
Hyperliquid L1$2,823
Base$517
Mantle$198
Sonic$13
Berachain$4
OP Mainnet$0
Holders Revenue 7d$55,071
Ethereum$37,239
Arbitrum$7,784
Monad$5,021
Plasma$4,041
Hyperliquid L1$613
BSC$295
Base$78
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Holders Revenue 24h$4,561
Ethereum$3,808
Monad$298
Arbitrum$290
Plasma$94
Hyperliquid L1$44
Base$19
BSC$8.32
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.4m
Ethereum$45.59m
Arbitrum$4.5m
Berachain$1.47m
Plasma$1.28m
BSC$1.11m
Mantle$702,616
Base$403,820
Hyperliquid L1$163,682
Sonic$129,094
Monad$29,550
OP Mainnet$19,973
Incentives 1y$10.41m
$65,824.15
$11,049.01
$3,606.88
$90.43m
Earnings (Annualized)$13.07m
$726,276.85
$57,786.99
$2,096.12
-$27.69m
DEX Volume 30d$368.41m
DEX Volume 30d by chain
Ethereum$264.57m
Monad$56.38m
Plasma$24.1m
Arbitrum$14.51m
BSC$5.43m
Hyperliquid L1$3.2m
Base$221,248
Mantle$0
OP Mainnet$0
DEX Volume 7d$80.86m
Ethereum$52.98m
Monad$18.21m
Arbitrum$3.76m
Plasma$3m
BSC$1.92m
Hyperliquid L1$854,961
Base$144,346
Mantle$0
OP Mainnet$0
DEX Volume 24h$6.24m
Ethereum$4.41m
Monad$1.27m
Plasma$395,901
BSC$63,241
Hyperliquid L1$49,774
Arbitrum$42,256
Base$1,492
Mantle$0
OP Mainnet$0
Cumulative DEX Volume$56.187b
Ethereum$50.974b
Arbitrum$3.097b
BSC$1.566b
Mantle$303.09m
Plasma$165.87m
Monad$61.84m
Base$15.31m
Hyperliquid L1$3.24m
OP Mainnet$158,370
Market Cap$254.48m
$PENDLE Price$1.48
$417.38m
$417.65m
$PENDLE Volume 24h$17.97m
CEX Volume$10.93m
DEX Volume$6.6m(36.71% of total)
Staked$150.7m(59.22% 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$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.
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: Volume of all spot token swaps on the DEXView 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 Tracked172
Average Supply APY8.85%
User Activity
Active Addresses (24h)447
New Addresses (24h)66
Transactions (24h)829
Gas Used (24h)$0
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 $1.195b in total value locked. TVL has increased 17.9% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, OP Mainnet, Berachain, and Sonic and 7 others. Ethereum holds the largest share at 56.5%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $801,994 in fees. Of that, $792,101 was protocol revenue. Based on the trailing year, the annualized rate is $24.21m in fees and $23.48m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.48. Its circulating market capitalization is $254.48m, ranking it #194. Its fully diluted valuation is $417.38m. Supply currently stands at 171.65m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 3.3% over the past 7 days and up 19% over the past 30 days. Its all-time high is $7.5, reached on Apr 11, 2024. The token is currently 80.3% 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 $4.372b across 554 protocols, and Pendle accounts for 27.3% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $368.41m in DEX volume over the past 30 days.
