Pendle (PENDLE)
Total Value Locked$6.777b
TVL by Chain
Ethereum$6.343b
BSC$272.16m
Arbitrum$45.08m
Base$42.22m
Sonic$33.43m
Berachain$27.86m
Mantle$13.17m
OP Mainnet$75,487
Avalanche$59,050
Key Metrics
Fees (Annualized)$35.62m
Fees 30d$2.92m
Fees 7d$754,734
Fees 24h$62,668
Cumulative Fees$42.44m
Revenue (Annualized)$35.07m
Revenue 30d$2.87m
Revenue 7d$734,257
Revenue 24h$60,174
Cumulative Revenue$41.36m
Holders Revenue (Annualized)$35.07m
Holders Revenue 30d$2.87m
Holders Revenue 7d$734,257
Holders Revenue 24h$60,174
Cumulative Holders Revenue$41.04m
Incentives (Annualized)$25.99m
Incentives 30d$2.13m
Incentives 7d$541,761
Incentives 24h$123,864
Cumulative Incentives$65.09m
Earnings (Annualized)$9.08m
Earnings 30d$744,296
Earnings 7d$192,496
Earnings 24h-$63,690
Cumulative Earnings-$23.73m
DEX Volume 30d$3.382b
DEX Volume 7d$1.651b
DEX Volume 24h$167.7m
Cumulative DEX Volume$30.463b
Market Cap$745.23m
$PENDLE Price$4.49
All Time High$7.5
All Time Low$0.034
Fully Diluted Valuation$1.266b
$PENDLE Volume 24h$124.12m
CEX Volume$80.5m
DEX Volume$28.35m(22.84% of total)
Staked$267.43m(35.89% of mcap)
$PENDLE Liquidity$22.84m
Uniswap V3$8.8m
Balancer V2$4.53m
Camelot V2$3.83m
Uniswap V3$1.96m
Curve DEX$1.52m
Camelot V3$1.07m
Aerodrome Slipstream$538,194
SushiSwap$240,926
Uniswap V3$207,066
PancakeSwap AMM V3$63,733
Joe V2.1$45,389
Velodrome V2$34,102
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$6.777b
TVL by Chain
Ethereum$6.343b
BSC$272.16m
Arbitrum$45.08m
Base$42.22m
Sonic$33.43m
Berachain$27.86m
Mantle$13.17m
OP Mainnet$75,487
Avalanche$59,050
fetching fees...
Key Metrics
Fees (Annualized)$35.62m
Fees 30d$2.92m
Fees 7d$754,734
Fees 24h$62,668
Cumulative Fees$42.44m
Revenue (Annualized)$35.07m
Revenue 30d$2.87m
Revenue 7d$734,257
Revenue 24h$60,174
Cumulative Revenue$41.36m
Holders Revenue (Annualized)$35.07m
Holders Revenue 30d$2.87m
Holders Revenue 7d$734,257
Holders Revenue 24h$60,174
Cumulative Holders Revenue$41.04m
Incentives (Annualized)$25.99m
Incentives 30d$2.13m
Incentives 7d$541,761
Incentives 24h$123,864
Cumulative Incentives$65.09m
Earnings (Annualized)$9.08m
Earnings 30d$744,296
Earnings 7d$192,496
Earnings 24h-$63,690
Cumulative Earnings-$23.73m
DEX Volume 30d$3.382b
DEX Volume 7d$1.651b
DEX Volume 24h$167.7m
Cumulative DEX Volume$30.463b
Market Cap$745.23m
$PENDLE Price$4.49
All Time High$7.5
All Time Low$0.034
Fully Diluted Valuation$1.266b
$PENDLE Volume 24h$124.12m
CEX Volume$80.5m
DEX Volume$28.35m(22.84% of total)
Staked$267.43m(35.89% of mcap)
$PENDLE Liquidity$22.84m
Uniswap V3$8.8m
Balancer V2$4.53m
Camelot V2$3.83m
Uniswap V3$1.96m
Curve DEX$1.52m
Camelot V3$1.07m
Aerodrome Slipstream$538,194
SushiSwap$240,926
Uniswap V3$207,066
PancakeSwap AMM V3$63,733
Joe V2.1$45,389
Velodrome V2$34,102
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
User Activity
Active Addresses (24h)1,594
New Addresses (24h)314
Transactions (24h)2,977
Gas Used (24h)$4,632
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 | $2.88m | $7.39m | $12.84m | $5.83m | $3.4m | $8.34m | $1.57m | $108,891 | $81,172 | $0 | $0 | $0 |
| Revenue | $2.84m | $7.28m | $12.5m | $5.47m | $3.38m | $8.15m | $1.57m | $108,891 | $61,129 | $0 | $0 | $0 |
| Incentives | $2.06m | $6.64m | $7.17m | $12.18m | $7.87m | $12.93m | $7.54m | $3.23m | $2.51m | $1.93m | $921,844 | $127,733 |
| Earnings | $779,031 | $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 | $2.84m | $7.28m | $12.5m | $5.47m | $3.38m | $8.15m | $1.39m | $30,755 | $0 | $0 | $0 | $0 |