Ask about Pendle · freeTotal Value Locked$1.073b
TVL by Chain
Ethereum$787.3m
Monad$165.27m
Arbitrum$52.68m
X Layer$45.72m
Hyperliquid L1$9.33m
BSC$5.94m
Plasma$3.24m
Base$2.32m
Sonic$483,708
Robinhood Chain$289,380
Mantle$107,153
Avalanche$45,603
Berachain$1,306
OP Mainnet$0
Key Metrics
Fees 30d$459,005
Fees 30d by chain
Ethereum$308,739
Arbitrum$108,362
Monad$24,007
Plasma$6,780
Hyperliquid L1$6,448
Sonic$2,299
Base$1,256
X Layer$398.31
BSC$339.35
Robinhood Chain$312.94
Mantle$60.18
Berachain$0.37
OP Mainnet$0
Fees 7d$95,235
Ethereum$61,926
Arbitrum$25,785
Monad$4,868
Plasma$2,190
Hyperliquid L1$304.61
Base$96.52
BSC$28.87
X Layer$27.41
Robinhood Chain$5.58
Sonic$1.94
Mantle$0.60
Berachain$0
OP Mainnet$0
Fees 24h$19,157
Ethereum$15,446
Arbitrum$3,408
Monad$271
BSC$21
Robinhood Chain$3.46
Hyperliquid L1$3.34
X Layer$3
Base$1.07
Mantle$0.21
Sonic$0.04
Berachain$0
OP Mainnet$0
Cumulative Fees$68.03m
Ethereum$54.66m
Arbitrum$6.58m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,280
Base$516,785
Hyperliquid L1$331,099
Sonic$149,385
Monad$126,893
OP Mainnet$24,365
X Layer$602.45
Robinhood Chain$585.40
Revenue 30d$452,392
Revenue 30d by chain
Ethereum$304,092
Arbitrum$107,308
Monad$23,308
Plasma$6,773
Hyperliquid L1$6,388
Sonic$2,299
Base$1,155
X Layer$364.88
BSC$332.66
Robinhood Chain$309.85
Mantle$60.18
Berachain$0.37
OP Mainnet$0
Revenue 7d$93,786
Ethereum$61,124
Arbitrum$25,438
Monad$4,596
Plasma$2,190
Hyperliquid L1$299.76
Base$80.79
BSC$26.72
X Layer$23.06
Robinhood Chain$4.68
Sonic$1.94
Mantle$0.60
Berachain$0
OP Mainnet$0
Revenue 24h$18,796
Ethereum$15,379
Arbitrum$3,140
Monad$247
BSC$20
Hyperliquid L1$3.17
Robinhood Chain$2.77
X Layer$2.60
Base$1.05
Mantle$0.21
Sonic$0.04
Berachain$0
OP Mainnet$0
Cumulative Revenue$65.3m
Ethereum$52.54m
Arbitrum$6.3m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,622
Base$446,158
Hyperliquid L1$218,802
Sonic$135,933
Monad$123,449
OP Mainnet$24,240
Robinhood Chain$578.56
X Layer$552.66
Holders Revenue 30d$335,592
Holders Revenue 30d by chain
Ethereum$243,274
Arbitrum$59,529
Monad$18,645
Plasma$5,418
Hyperliquid L1$5,112
Sonic$1,838
Base$923.72
X Layer$291.89
BSC$265.71
Robinhood Chain$247.67
Mantle$48.14
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$65,894
Ethereum$48,900
Arbitrum$11,214
Monad$3,677
Plasma$1,752
Hyperliquid L1$240.62
Base$65.30
BSC$21.38
X Layer$18.45
Robinhood Chain$3.75
Sonic$1.55
Mantle$0.48
Berachain$0
OP Mainnet$0
Holders Revenue 24h$13,296
Ethereum$12,303
Arbitrum$771
Monad$198
BSC$16
Hyperliquid L1$2.54
Robinhood Chain$2.22
X Layer$2.08
Base$0.84
Mantle$0.17
Sonic$0.03
Berachain$0
OP Mainnet$0
Cumulative Holders Revenue$56.83m
Ethereum$46.6m
Arbitrum$4.64m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,676
Base$415,084
Hyperliquid L1$175,042
Sonic$130,972
Monad$98,756
OP Mainnet$19,975
Robinhood Chain$462.49
X Layer$442.31
Incentives 1y$3.74m
Incentives 30d$74,427
Incentives 7d$34,243
Incentives 24h$488.32
Cumulative Incentives$90.64m
Earnings (Annualized)$10.81m
Earnings 30d$377,965
Earnings 7d$59,543
Earnings 24h$18,308
Cumulative Earnings-$25.34m
DEX Volume 30d$900.42m
DEX Volume 30d by chain
Ethereum$632.12m
Monad$146.95m
Arbitrum$96.03m
Plasma$15.98m
X Layer$4.01m
Hyperliquid L1$3.37m
Robinhood Chain$1.32m
Base$378,027
BSC$245,394
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$373.2m
Ethereum$309.37m
Monad$48.09m
Plasma$11.62m
Arbitrum$3.58m
Hyperliquid L1$222,129
X Layer$137,580
Base$88,919
BSC$75,710
Robinhood Chain$26,978
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$26.12m
Ethereum$23.62m
Arbitrum$1.55m
Monad$858,064
BSC$41,017
Robinhood Chain$18,509
X Layer$15,408
Plasma$5,591
Hyperliquid L1$4,618
Base$1,417
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.348b
Ethereum$52.494b
Arbitrum$3.276b
BSC$1.581b
Monad$399.17m
Mantle$303.09m
Plasma$221.12m
Hyperliquid L1$45.97m
Base$17.5m
X Layer$6.48m
Robinhood Chain$4.21m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$523.79m
Perp Volume 30d by chain
Arbitrum$523.79m
Perp Volume 7d$185.24m
Arbitrum$185.24m
Perp Volume 24h$42.17m
Arbitrum$42.17m
Cumulative Perp Volume$21.563b
Arbitrum$21.563b
Open Interest$153.76m
Market Cap$346.32m
$PENDLE Price$1.99
Fully Diluted Valuation$560.66m
Outstanding FDV$561.57m
$PENDLE Volume 24h$44.74m
CEX Volume$10.23m
DEX Volume$34.14m(76.3% of total)
Staked$183.7m(53.04% of mcap)
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.
Yields
Pools Tracked176
Average Supply APY63.37%
User Activity
Active Addresses (24h)448
New Addresses (24h)62
Transactions (24h)756
Gas Used (24h)0.12 ETH
Gas Cost (24h)$289
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: 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
Pendle history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Jun 16, 2021 to Oct 27, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $1.265b |
| Sep 29, 2026 | $1.27b |
| Sep 30, 2026 | $1.264b |
| Oct 1, 2026 | $1.257b |
| Oct 2, 2026 | $1.265b |
| Oct 3, 2026 | $1.269b |
| Oct 4, 2026 | $1.263b |
| Oct 5, 2026 | $1.266b |
| Oct 6, 2026 | $1.261b |
| Oct 7, 2026 | $1.262b |
| Oct 8, 2026 | $1.252b |
| Oct 9, 2026 | $1.217b |
| Oct 10, 2026 | $1.218b |
| Oct 11, 2026 | $1.217b |
| Oct 12, 2026 | $1.22b |
| Oct 13, 2026 | $1.229b |
| Oct 14, 2026 | $1.238b |
| Oct 15, 2026 | $1.223b |
| Oct 16, 2026 | $1.124b |
| Oct 17, 2026 | $1.115b |
| Oct 18, 2026 | $1.113b |
| Oct 19, 2026 | $1.11b |
| Oct 20, 2026 | $1.116b |
| Oct 21, 2026 | $1.121b |
| Oct 22, 2026 | $1.121b |
| Oct 23, 2026 | $1.061b |
| Oct 24, 2026 | $1.064b |
| Oct 25, 2026 | $1.068b |
| Oct 26, 2026 | $1.067b |
| Oct 27, 2026 | $1.08b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $4.141b |
| Dec 31, 2024 | $4.423b |
| Jan 31, 2025 | $5.458b |
| Feb 28, 2025 | $4.693b |
| Mar 31, 2025 | $3.042b |
| Apr 30, 2025 | $2.932b |
| May 31, 2025 | $4.053b |
| Jun 30, 2025 | $4.912b |
| Jul 31, 2025 | $6.827b |
| Aug 31, 2025 | $10.571b |
| Sep 30, 2025 | $6.606b |
| Oct 31, 2025 | $7.002b |
| Nov 30, 2025 | $3.469b |
| Dec 31, 2025 | $3.741b |
| Jan 31, 2026 | $3.106b |
| Feb 28, 2026 | $2.268b |
| Mar 31, 2026 | $2.081b |
| Apr 30, 2026 | $1.49b |
| May 31, 2026 | $1.459b |
| Jun 30, 2026 | $950.44m |
| Jul 31, 2026 | $1.218b |
| Aug 31, 2026 | $1.184b |
| Sep 30, 2026 | $1.264b |
| Oct 27, 2026 (latest) | $1.08b |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $34.13m |
| Dec 31, 2022 | $15.22m |
| Dec 31, 2023 | $234.01m |
| Dec 31, 2024 | $4.423b |
| Dec 31, 2025 | $3.741b |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.74m | $1.62m | $1.3m |
| Dec 2024 | $3m | $2.82m | $2.25m |
| Jan 2025 | $8.83m | $8.63m | $8.63m |
| Feb 2025 | $2.63m | $2.55m | $2.55m |
| Mar 2025 | $1.47m | $1.4m | $1.4m |
| Apr 2025 | $1.57m | $1.53m | $1.53m |
| May 2025 | $4.92m | $4.88m | $4.88m |
| Jun 2025 | $1.52m | $1.49m | $1.49m |
| Jul 2025 | $2.16m | $2.1m | $2.1m |
| Aug 2025 | $4.09m | $3.96m | $3.94m |
| Sep 2025 | $3.5m | $3.28m | $2.57m |
| Oct 2025 | $4.37m | $4.18m | $3.29m |
| Nov 2025 | $3.1m | $3.02m | $2.38m |
| Dec 2025 | $1.39m | $1.36m | $1.04m |
| Jan 2026 | $1.23m | $1.22m | $895,336 |
| Feb 2026 | $980,537 | $966,279 | $723,050 |
| Mar 2026 | $658,686 | $647,268 | $474,897 |
| Apr 2026 | $1.75m | $1.74m | $1.34m |
| May 2026 | $1.16m | $1.14m | $868,257 |
| Jun 2026 | $1.1m | $1.08m | $828,007 |
| Jul 2026 | $629,737 | $620,996 | $463,649 |
| Aug 2026 | $695,385 | $684,695 | $520,083 |
| Sep 2026 | $562,201 | $554,893 | $416,740 |
| Oct 2026 (to date) | $436,062 | $429,994 | $317,645 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pendle
Frequently asked questions
What is Pendle's TVL?
As of Oct 27, 2026, Pendle has $1.073b in total value locked. TVL has decreased 15.7% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 14 chains: Ethereum, Monad, X Layer, Arbitrum, and Hyperliquid L1 and 9 others. Ethereum holds the largest share at 73.4%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $459,005 in fees. Of that, $452,392 was protocol revenue. Based on the trailing year, the annualized rate is $14.81m in fees and $14.55m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.99. Its circulating market capitalization is $346.32m, ranking it #186. Its fully diluted valuation is $560.66m. Supply currently stands at 173.9m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 7.5% over the past 7 days and down 25.9% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 73.5% below that level.
Which protocols are included in Pendle?
Pendle is a parent protocol whose tracked products include Pendle V2 and Boros.
How much trading volume does Pendle process?
Pendle processed $900.42m in DEX volume over the past 30 days.