Total Value Locked$1.233b
TVL by Chain
Ethereum$673.01m
Monad$213.39m
Arbitrum$146.15m
Plasma$86.9m
X Layer$64.96m
Hyperliquid L1$35.91m
BSC$7.55m
Base$3.85m
Sonic$615,872.65
Robinhood Chain$528,917.65
Mantle$130,155.89
Avalanche$45,322.64
OP Mainnet$21,970.06
Berachain$7,807.25
Key Metrics
Fees 30d$621,933
Fees 30d by chain
Ethereum$507,134
Monad$38,407
Plasma$36,757
Arbitrum$31,948
Hyperliquid L1$3,707.41
BSC$2,687.56
Base$1,111.42
X Layer$120.63
Robinhood Chain$27.28
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Fees 7d$222,460
Ethereum$195,162
Plasma$11,685
Monad$6,473
Arbitrum$6,126
BSC$1,675.92
Hyperliquid L1$866
Base$298.48
X Layer$114.03
Robinhood Chain$27.28
Mantle$15
Berachain$12
Sonic$4.63
OP Mainnet$0
Fees 24h$11,378
Ethereum$8,382
Monad$1,483
Plasma$910
Arbitrum$528
Hyperliquid L1$26
Base$25
Robinhood Chain$12
X Layer$9.46
BSC$2.91
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.57m
Ethereum$54.19m
Arbitrum$5.66m
Plasma$1.88m
Berachain$1.49m
BSC$1.41m
Mantle$844,219.8
Base$512,304.91
Hyperliquid L1$321,921.3
Sonic$147,084.25
Monad$92,208
OP Mainnet$24,365.44
X Layer$130.09
Robinhood Chain$39.28
Revenue 30d$611,007
Revenue 30d by chain
Ethereum$497,778
Monad$37,524
Plasma$36,674
Arbitrum$31,558
Hyperliquid L1$3,609.18
BSC$2,667.64
Base$1,026.18
X Layer$111.7
Robinhood Chain$26.24
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Revenue 7d$220,736
Ethereum$193,629
Plasma$11,661
Monad$6,399
Arbitrum$6,063
BSC$1,675.11
Hyperliquid L1$851
Base$295.08
X Layer$105.82
Robinhood Chain$26.24
Mantle$15
Berachain$12
Sonic$4.63
OP Mainnet$0
Revenue 24h$11,073
Ethereum$8,134
Monad$1,468
Plasma$894
Arbitrum$507
Hyperliquid L1$24
Base$23
Robinhood Chain$12
X Layer$8
BSC$2.54
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.91m
Ethereum$52.08m
Arbitrum$5.44m
Plasma$1.81m
Berachain$1.48m
BSC$1.36m
Mantle$841,562.22
Base$441,822.71
Hyperliquid L1$209,720.8
Sonic$133,632.54
Monad$89,676
OP Mainnet$24,240.44
X Layer$119.7
Robinhood Chain$38.24
Holders Revenue 30d$488,800
Holders Revenue 30d by chain
Ethereum$398,219
Monad$30,021
Plasma$29,341
Arbitrum$25,241
Hyperliquid L1$2,888.47
BSC$2,133.12
Base$819.97
X Layer$89.36
Robinhood Chain$20.49
Mantle$12
Berachain$9.46
Sonic$3.85
OP Mainnet$0.22
Holders Revenue 7d$176,587
Ethereum$154,903
Plasma$9,327
Monad$5,119
Arbitrum$4,849
BSC$1,339.69
Hyperliquid L1$682
Base$236.68
X Layer$84.66
Robinhood Chain$20.49
Mantle$12
Berachain$9.4
Sonic$3.7
OP Mainnet$0
Holders Revenue 24h$8,858
Ethereum$6,507
Monad$1,175
Plasma$715
Arbitrum$405
Hyperliquid L1$20
Base$18
Robinhood Chain$9.53
X Layer$6.4
BSC$2.03
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.34m
Ethereum$46.22m
Arbitrum$4.57m
Berachain$1.47m
Plasma$1.45m
BSC$1.12m
Mantle$702,628.1
Base$411,615.73
Hyperliquid L1$167,778.26
Sonic$129,131.44
Monad$71,741
OP Mainnet$19,975.48
X Layer$95.76
Robinhood Chain$30.02
DEX Volume 30d$539.67m
DEX Volume 30d by chain
Ethereum$356.22m
Monad$109.67m
Arbitrum$26.71m
Plasma$23.79m
Hyperliquid L1$17.32m
BSC$3.91m
X Layer$1.22m
Robinhood Chain$549,983
Base$279,918.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$89.24m
Ethereum$51.77m
Monad$14m
Plasma$10.6m
Arbitrum$6.57m
Hyperliquid L1$4.53m
X Layer$1.15m
Robinhood Chain$549,983
BSC$49,905
Base$18,134
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$19.72m
Ethereum$10.84m
Plasma$3.92m
Monad$3.36m
Arbitrum$1.19m
Hyperliquid L1$225,180
Robinhood Chain$88,588
X Layer$80,253
Base$18,063
BSC$10,221
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.974b
Ethereum$51.505b
Arbitrum$3.135b
BSC$1.581b
Mantle$303.09m
Monad$213.4m
Plasma$195.17m
Hyperliquid L1$23.04m
Base$16.38m
X Layer$1.3m
Robinhood Chain$638,571
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$209.2m
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 Labs
Nov 9, 2023Round: OTCInvestors: The Spartan Group
Protocol Information
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
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 sPENDLE holders (100% before September 2025).View code on GitHubDEX Volume: Value traded in Pendle's pools plus limit orders filled on Pendle's order book, counted once per trade on the yield-bearing token side. A YT trade counts the size of the position it opens, not the smaller amount the trader pays for it. Minting and redeeming PT/YT is not a trade and is excluded.View code on GitHubYields
Pools Tracked152
Average Supply APY9.61%
User Activity
Active Addresses (24h)506
New Addresses (24h)98
Transactions (24h)853
Gas Used (24h)0.19 ETH
Gas Cost (24h)$472
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.233b in total value locked. TVL has increased 3.5% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Avalanche, Robinhood Chain, Berachain, and OP Mainnet and 9 others. Ethereum holds the largest share at 54.6%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $621,933 in fees. Of that, $611,007 was protocol revenue. Based on the trailing year, the annualized rate is $19.23m in fees and $18.71m in revenue.
How does Pendle V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Pendle V2 ranks #2 by TVL. The category holds $4.57b across 585 protocols, and Pendle V2 accounts for 27% of that total. Other leading protocols include Equilibria, Spectra V2, Penpie, Napier, Saffron Vaults, Spark Savings, Stake DAO Yield, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle V2 process?
Pendle V2 processed $539.67m in DEX volume over the past 30 days.