Pendle (PENDLE)
Total Value Locked$6.74b
TVL by Chain
Ethereum$6.306b
BSC$274.57m
Arbitrum$43.88m
Base$41.47m
Sonic$33.11m
Berachain$27.56m
Mantle$12.94m
OP Mainnet$74,481
Avalanche$58,641
Key Metrics
Fees (Annualized)$36.25m
Fees 30d$2.97m
Fees 7d$702,459
Fees 24h$65,816
Cumulative Fees$42.51m
Revenue (Annualized)$35.67m
Revenue 30d$2.92m
Revenue 7d$682,552
Revenue 24h$62,933
Cumulative Revenue$41.43m
Holders Revenue (Annualized)$35.67m
Holders Revenue 30d$2.92m
Holders Revenue 7d$682,552
Holders Revenue 24h$62,933
Cumulative Holders Revenue$41.11m
Incentives (Annualized)$26.01m
Incentives 30d$2.13m
Incentives 7d$511,567
Incentives 24h$107,985
Cumulative Incentives$65.16m
Earnings (Annualized)$9.66m
Earnings 30d$791,891
Earnings 7d$170,985
Earnings 24h-$45,052
Cumulative Earnings-$23.74m
DEX Volume 30d$3.574b
DEX Volume 7d$1.599b
DEX Volume 24h$224.31m
Cumulative DEX Volume$30.739b
Market Cap$737.27m
$PENDLE Price$4.45
All Time High$7.5
All Time Low$0.034
Fully Diluted Valuation$1.252b
$PENDLE Volume 24h$80.13m
CEX Volume$56.46m
DEX Volume$20.47m(25.54% of total)
Staked$262.69m(35.63% of mcap)
$PENDLE Liquidity$22.2m
Uniswap V3$8.7m
Balancer V2$4.44m
Camelot V2$3.74m
Uniswap V3$1.66m
Curve DEX$1.48m
Camelot V3$1.07m
Aerodrome Slipstream$538,194
SushiSwap$235,270
Uniswap V3$205,180
PancakeSwap AMM V3$62,239
Joe V2.1$43,650
Velodrome V2$33,411
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
Pendle (PENDLE)
Total Value Locked$6.74b
TVL by Chain
Ethereum$6.306b
BSC$274.57m
Arbitrum$43.88m
Base$41.47m
Sonic$33.11m
Berachain$27.56m
Mantle$12.94m
OP Mainnet$74,481
Avalanche$58,641
Key Metrics
Fees (Annualized)$36.25m
Fees 30d$2.97m
Fees 7d$702,459
Fees 24h$65,816
Cumulative Fees$42.51m
Revenue (Annualized)$35.67m
Revenue 30d$2.92m
Revenue 7d$682,552
Revenue 24h$62,933
Cumulative Revenue$41.43m
Holders Revenue (Annualized)$35.67m
Holders Revenue 30d$2.92m
Holders Revenue 7d$682,552
Holders Revenue 24h$62,933
Cumulative Holders Revenue$41.11m
Incentives (Annualized)$26.01m
Incentives 30d$2.13m
Incentives 7d$511,567
Incentives 24h$107,985
Cumulative Incentives$65.16m
Earnings (Annualized)$9.66m
Earnings 30d$791,891
Earnings 7d$170,985
Earnings 24h-$45,052
Cumulative Earnings-$23.74m
DEX Volume 30d$3.574b
DEX Volume 7d$1.599b
DEX Volume 24h$224.31m
Cumulative DEX Volume$30.739b
Market Cap$737.27m
$PENDLE Price$4.45
All Time High$7.5
All Time Low$0.034
Fully Diluted Valuation$1.252b
$PENDLE Volume 24h$80.13m
CEX Volume$56.46m
DEX Volume$20.47m(25.54% of total)
Staked$262.69m(35.63% of mcap)
$PENDLE Liquidity$22.2m
Uniswap V3$8.7m
Balancer V2$4.44m
Camelot V2$3.74m
Uniswap V3$1.66m
Curve DEX$1.48m
Camelot V3$1.07m
Aerodrome Slipstream$538,194
SushiSwap$235,270
Uniswap V3$205,180
PancakeSwap AMM V3$62,239
Joe V2.1$43,650
Velodrome V2$33,411
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: Share of yields and trading fees collected by protocolView code on GitHubHolders Revenue: Share of yields and trading fees 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
Income Statement for Pendle
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 | $2.95m | $7.39m | $12.84m | $5.83m | $3.4m | $8.34m | $1.57m | $108,891 | $81,172 | $0 | $0 | $0 |
Revenue | $2.9m | $7.28m | $12.5m | $5.47m | $3.38m | $8.15m | $1.57m | $108,891 | $61,129 | $0 | $0 | $0 |
Incentives | $2.13m | $6.64m | $7.17m | $12.18m | $7.87m | $12.93m | $7.54m | $3.23m | $2.51m | $1.93m | $921,844 | $127,733 |
Earnings | $773,912 | $643,096 | $5.33m | -$6.71m | -$4.49m | -$4.77m | -$5.97m | -$3.12m | -$2.44m | -$1.93m | -$921,844 | -$127,733 |
Token Holder Net Income | $2.9m | $7.28m | $12.5m | $5.47m | $3.38m | $8.15m | $1.39m | $30,755 | $0 | $0 | $0 | $0 |