Total Value Locked$1.164b
TVL by Chain
Ethereum$668.1m
Plasma$194.45m
Arbitrum$131.72m
Monad$115.47m
Hyperliquid L1$25.84m
BSC$23.38m
Base$4.1m
Sonic$547,768
Mantle$116,438
Avalanche$45,179
OP Mainnet$16,627
Berachain$7,921
Key Metrics
Fees (Annualized)$24.44m
Fees 30d$834,627
Ethereum$699,902
Arbitrum$58,106
Monad$35,787
Plasma$26,738
Hyperliquid L1$8,957
BSC$4,247
Base$620
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Fees 7d$74,387
Ethereum$46,631
Monad$10,037
Arbitrum$9,827
Plasma$6,139
Hyperliquid L1$1,152
BSC$549
Base$51
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Fees 24h$13,476
Arbitrum$6,872
Ethereum$5,084
Monad$768
Hyperliquid L1$465
Plasma$168
BSC$107
Base$12
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$65.38m
Ethereum$53.37m
Arbitrum$5.58m
Plasma$1.66m
Berachain$1.49m
BSC$1.4m
Mantle$844,200
Base$502,186
Hyperliquid L1$317,048
Sonic$147,040
Monad$36,555
OP Mainnet$24,363
Revenue (Annualized)$23.71m
Revenue 30d$823,500
Ethereum$690,799
Arbitrum$57,673
Monad$34,973
Plasma$26,670
Hyperliquid L1$8,326
BSC$4,174
Base$618
Mantle$248
Sonic$16
Berachain$5
OP Mainnet$0
Revenue 7d$72,340
Ethereum$44,853
Monad$9,887
Arbitrum$9,784
Plasma$6,117
Hyperliquid L1$1,130
BSC$519
Base$50
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Revenue 24h$13,263
Arbitrum$6,867
Ethereum$4,898
Monad$757
Hyperliquid L1$462
Plasma$166
BSC$102
Base$11
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$62.73m
Ethereum$51.27m
Arbitrum$5.36m
Plasma$1.59m
Berachain$1.48m
BSC$1.35m
Mantle$841,546
Base$432,010
Hyperliquid L1$204,969
Sonic$133,588
Monad$35,730
OP Mainnet$24,238
Holders Revenue (Annualized)$20.04m
Holders Revenue 30d$658,802
Ethereum$552,642
Arbitrum$46,137
Monad$27,978
Plasma$21,337
Hyperliquid L1$6,662
BSC$3,337
Base$493
Mantle$198
Sonic$13
Berachain$4
OP Mainnet$0
Holders Revenue 7d$57,874
Ethereum$35,883
Monad$7,910
Arbitrum$7,827
Plasma$4,893
Hyperliquid L1$905
BSC$415
Base$41
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Holders Revenue 24h$10,612
Arbitrum$5,494
Ethereum$3,918
Monad$606
Hyperliquid L1$370
Plasma$133
BSC$82
Base$9
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$55.39m
Ethereum$45.58m
Arbitrum$4.51m
Berachain$1.47m
Plasma$1.27m
BSC$1.11m
Mantle$702,616
Base$403,766
Hyperliquid L1$163,977
Sonic$129,094
Monad$28,584
OP Mainnet$19,973
Incentives 1y$10.67m
$68,902
$10,312
$2,147
$90.42m
Earnings (Annualized)$13.04m
$754,598
$62,028
$11,116
-$27.69m
DEX Volume 30d$416.19m
DEX Volume 30d by chain
Ethereum$308.33m
Monad$54.65m
Plasma$27.38m
Arbitrum$18.01m
BSC$4.56m
Hyperliquid L1$3.14m
Base$111,508
Mantle$0
OP Mainnet$0
DEX Volume 7d$79.78m
Ethereum$44.52m
Monad$25.35m
Arbitrum$3.25m
BSC$2.3m
Plasma$2.19m
Hyperliquid L1$2.12m
Base$31,935
Mantle$0
OP Mainnet$0
DEX Volume 24h$10.26m
Ethereum$6.6m
Monad$1.71m
Arbitrum$1.09m
BSC$585,698
Plasma$197,041
Hyperliquid L1$61,029
Base$19,992
Mantle$0
OP Mainnet$0
Cumulative DEX Volume$56.155b
Ethereum$50.951b
Arbitrum$3.097b
BSC$1.566b
Mantle$303.09m
Plasma$163.56m
Monad$56.36m
Base$15.21m
Hyperliquid L1$3.2m
OP Mainnet$158,370
Market Cap$271.8m
$PENDLE Price$1.58
$445.81m
$445.87m
$PENDLE Volume 24h$24.23m
CEX Volume$13.65m
DEX Volume$10.14m(41.85% of total)
Staked$160.89m(59.2% 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 Tracked166
Average Supply APY8.96%
User Activity
Active Addresses (24h)427
New Addresses (24h)41
Transactions (24h)886
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 $1.164b in total value locked. TVL has increased 18.2% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 12 chains: Ethereum, Avalanche, OP Mainnet, Sonic, and Berachain and 7 others. Ethereum holds the largest share at 57.4%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $834,627 in fees. Of that, $823,500 was protocol revenue. Based on the trailing year, the annualized rate is $24.44m in fees and $23.71m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.58. Its circulating market capitalization is $271.8m, ranking it #194. Its fully diluted valuation is $445.81m. Supply currently stands at 171.64m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is up 0.7% over the past 7 days and up 9.4% over the past 30 days. Its all-time high is $7.5, reached on April 11, 2024. The token is currently 78.9% 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 $4.351b across 553 protocols, and Pendle accounts for 26.8% of that total. Other leading protocols include Spark, Convex Finance, and Huma Finance V2.
How much trading volume does Pendle process?
Pendle processed $416.19m in DEX volume over the past 30 days.
