Pendle (PENDLE)
Pendle is a decentralised finance protocol built around the trading of tokenised future yield. Instead of treating a yield-bearing asset as a single instrument, Pendle separates it into two components: a principal token, which represents ownership of the underlying asset at maturity, and a yield token, which represents the asset’s future yield over a defined period. This structure gives users a way to manage interest-rate exposure in crypto markets, including locking in fixed yields, speculating on future yield movements, or building more advanced strategies around liquid staking, stablecoins, and other DeFi yield sources.
The protocol is best known for its automated market maker designed for assets that lose time value as they approach maturity. This is an important distinction from conventional decentralised exchanges, because yield tokens have a predictable expiry profile and require liquidity mechanics that account for time decay. Pendle’s markets allow users to trade these instruments directly rather than relying only on passive yield accrual.
PENDLE is the native token associated with the ecosystem and is used in governance and incentive design. Holders can participate in decisions that influence protocol parameters, emissions, and market development. The project sits within a broader category of DeFi infrastructure focused on making on-chain yield more transparent, flexible, and tradable. By turning future returns into liquid instruments, Pendle brings concepts familiar from traditional fixed-income and interest-rate markets into decentralised finance, while adapting them to crypto-native assets and smart contract-based liquidity.
Last updated
- Market Cap
- $234M
- Fully Diluted Valuation
- $385M
- 24 Hour Trading Vol
- $29.7M
- Circulating Supply
- 171M
- Total Supply
- 282M
- Max Supply
- —
Pendle Weekly: 5-Year Anniversary Recap and Monad Launch, Ecosystem Yield Farming, and Protocol Revenue Continues Expansion
Pendle buys back 1.7M tokens, distributes $1.4M in airdrops to sPENDLE holders
Pendle named to Fortune’s Crypto Innovators list among 30 leading projects
PLUME: One Week on Pendle: Yields You can Actually Trade
3Jane launches liquidity mining program; minting USD3 earns JANE tokens.
Revolut has officially launched Pendle
Viewpoint: Cryptocurrencies such as AAVE, SOL are Undervalued, Next Opportunity may come from Assets Currently being "Overlooked" by the Market
Mu Digital tokenizes Asian credit market, integrates with Pendle Finance
PLUME: nOPAL is Now Live on Pendle: Fixed Yield Backed by Brazilian Credit Card Receivables
OGN: LP Incentives Are Live for wOUSD on Pendle
TRX: Fixed Yield, YT Trading, LP Incentives: sUSDD Unlocks More Opportunities on Pendle
TRX: USDD Investment Memo: Expanding into Pendle’s Yield Markets
The crypto market fell across the board, with the RWA sector leading the decline at over 6.5%, and BTC falling below $75,000.
The Resolv Foundation has announced a recovery plan in response to the USR security incident in March.
Pendle to Incentivize Full Shift to Limit Orders, Citing 71% Contribution to Trading Volume
Pendle focuses co-incentives on limit orders to enhance liquidity
Pendle Launches apxUSD on BNB Chain, Offering a 13% Fixed Interest Rate for STRC
Justin Sun-Backed USDD Expands on Pendle With New sUSDD Yield Opportunities
ListaDAO adds new Pendle Principal Token markets with $2.5M caps
BeInCrypto Institutional Research: 10 Chain Foundation Programs Driving Web3 Ecosystem Development
- Market Cap
- $233,971,223
- Fully Diluted Valuation
- $384,781,067
- 24 Hour Trading Vol
- $29,681,402
- 24h High
- $1.38
- 24h Low
- $1.29
- 24h Change
- +6.20%
- 7d Change
- +15.03%
- 30d Change
- -2.10%
- 1y Change
- -60.31%
- Market Cap Rank
- #146
- Market Cap Rank (rehypothecated)
- #201
- Circulating Supply
- 171,186,493
- Total Supply
- 281,527,448
- Max Supply
- —
- All-time high
- $7.50 (-81.80%) · Apr 11, 2024, 4:25 a.m.
- All-time low
- $0.03377729 (+3942.38%) · Nov 14, 2022, 3:15 p.m.
- Website pendle.finance
- Block explorer arbiscan.io/token/0x0c880f6761f1af8d9aa9c466984b80dab9a8c9e8
- Block explorer bscscan.com/token/0xb3ed0a426155b79b898849803e3b36552f7ed507
- X / Twitter twitter.com/pendle_fi
- GitHub github.com/pendle-finance
- Trusted by 1M+ investors
- Global coverage
- Real-time market data
- Independent & unbiased
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