Pendle (PENDLE)
Total Value Locked$3.88b
TVL by Chain
Ethereum$1.723b
Plasma$1.192b
Arbitrum$488.4m
BSC$186.06m
staking$148.19m
Hyperliquid L1$105.18m
Berachain$16.77m
Base$15.85m
Sonic$3.18m
pool2$1.08m
Mantle$476,819
Avalanche$53,973
OP Mainnet$28,825
Key Metrics
Fees (Annualized)$33.83m
Fees 30d$2.77m
Fees 7d$160,386
Fees 24h$23,415
Cumulative Fees$62.88m
Revenue (Annualized)$33.22m
Revenue 30d$2.72m
Revenue 7d$151,490
Revenue 24h$22,277
Cumulative Revenue$60.52m
Holders Revenue (Annualized)$26.57m
Holders Revenue 30d$2.18m
Holders Revenue 7d$121,195
Holders Revenue 24h$17,822
Cumulative Holders Revenue$48.32m
Incentives (Annualized)$10.11m
Incentives 30d$828,481
Incentives 7d$179,127
Incentives 24h$38,095
Cumulative Incentives$73.92m
Earnings (Annualized)$23.11m
Earnings 30d$1.89m
Earnings 7d-$27,637
Earnings 24h-$15,818
Cumulative Earnings-$13.4m
DEX Volume 30d$1.547b
DEX Volume 7d$319.36m
DEX Volume 24h$22.83m
Cumulative DEX Volume$51.322b
Market Cap$358.52m
$PENDLE Price$2.18
All Time High$7.5
All Time Low$0.034
Fully Diluted Valuation$614.31m
Outstanding FDV$325.11m
$PENDLE Volume 24h$27.03m
CEX Volume$19.09m
DEX Volume$6.86m(25.39% of total)
Staked$148.19m(41.33% 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 LabsSource: https://twitter.com/BinanceLabs/status/1694333672738979868
Nov 9, 2023Round: OTCInvestors: The Spartan GroupSource: https://twitter.com/pendle_fi/status/1722576784120758461
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 vePENDLEView code on GitHubDEX Volume: Volume of all spot token swaps that go through the protocolView 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
User Activity
Active Addresses (24h)1,944
New Addresses (24h)472
Transactions (24h)2,964
Gas Used (24h)$765.32
Income Statement for Pendle
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $7.02m | $16.17m | $7.52m | $12.88m | $5.96m | $3.12m | $8.48m | $1.54m | $109,876 | $81,172 | $0 | $0 | $0 |
| Revenue | $6.85m | $15.85m | $7.41m | $12.53m | $5.6m | $3.01m | $7.81m | $1.3m | $105,923 | $61,129 | $0 | $0 | $0 |
| Incentives | $2.72m | $7.35m | $6.98m | $7.52m | $12.3m | $7.87m | $12.93m | $7.54m | $3.23m | $2.51m | $1.93m | $921,844 | $127,733 |
| Earnings | $4.13m | $8.5m | $428,868 | $5m | -$6.7m | -$4.86m | -$5.12m | -$6.24m | -$3.12m | -$2.44m | -$1.93m | -$921,844 | -$127,733 |
| Token Holder Net Income | $5.48m | $12.68m | $5.93m | $10.02m | $4.48m | $2.41m | $6.25m | $1.04m | $41,653 | $0 | $0 | $0 | $0 |