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
- $275M
- Fully Diluted Valuation
- $450M
- 24 Hour Trading Vol
- $26.2M
- Circulating Supply
- 172M
- Total Supply
- 282M
- Max Supply
- —
Pendle hits $111M TVL on Monad, becoming the chain’s fifth-largest protocol
Boros launches $SKHYNIX funding rate market as traders bet on ADR premium collapse
Pendle introduces PT auto-looping feature for V2 update
Pendle upgrades Bungee Exchange V3 for seamless cross-chain swaps
Altcoin Whale Transactions Surge: MANA Up 833%, PENDLE 800%
Crypto market sees broad rebound, RWA sector up over 4%, BTC holds above $63,000
Pendle’s funding rate trading platform Boros surpasses the $20 billion notional trading volume milestone.
Can Pendle sustain 12% gain and breakout past $1.45? If not, what’s next?
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
- Market Cap
- $274,641,026
- Fully Diluted Valuation
- $450,471,059
- 24 Hour Trading Vol
- $26,223,821
- 24h High
- $1.67
- 24h Low
- $1.58
- 24h Change
- -3.34%
- 7d Change
- +2.27%
- 30d Change
- +12.30%
- 1y Change
- -63.55%
- Market Cap Rank
- #139
- Market Cap Rank (rehypothecated)
- #193
- Circulating Supply
- 171,640,299
- Total Supply
- 281,527,448
- Max Supply
- —
- All-time high
- $7.50 (-78.67%) · Apr 11, 2024, 4:25 AM
- All-time low
- $0.03377729 (+4638.63%) · Nov 14, 2022, 3:15 PM
- 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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