Ask about Pendle · freeTotal Value Locked$1.028b
TVL by Chain
Ethereum$782.2m
Monad$150.7m
Arbitrum$47.55m
X Layer$25.19m
Hyperliquid L1$9.61m
BSC$6.74m
Plasma$3.05m
Base$2.53m
Sonic$479,866
Robinhood Chain$188,618
Mantle$107,211
Avalanche$45,514
Berachain$1,139
OP Mainnet$0
Key Metrics
Fees 30d$591,411
Fees 30d by chain
Ethereum$396,453
Arbitrum$150,010
Monad$25,518
Plasma$8,107
Hyperliquid L1$6,215
Sonic$2,291
Base$1,182
X Layer$621.67
Robinhood Chain$541.09
BSC$393.89
Mantle$74.77
Berachain$0.37
OP Mainnet$0
Fees 7d$201,125
Ethereum$139,954
Arbitrum$49,352
Monad$8,072
Plasma$2,725
Hyperliquid L1$390.02
X Layer$245.20
Robinhood Chain$234.53
BSC$72.76
Base$63.44
Mantle$15.07
Sonic$0.47
Berachain$0
OP Mainnet$0
Fees 24h$107,446
Ethereum$73,165
Arbitrum$27,752
Monad$2,997
Plasma$2,666
Hyperliquid L1$365
Robinhood Chain$212
X Layer$208
BSC$49
Base$17
Mantle$15
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Fees$68.23m
Ethereum$54.8m
Arbitrum$6.63m
Plasma$1.9m
Berachain$1.49m
BSC$1.41m
Mantle$844,295
Base$516,860
Hyperliquid L1$331,490
Sonic$149,385
Monad$135,140
OP Mainnet$24,365
X Layer$851.07
Robinhood Chain$820.49
Revenue 30d$584,834
Revenue 30d by chain
Ethereum$391,859
Arbitrum$148,954
Monad$24,766
Plasma$8,104
Hyperliquid L1$6,184
Sonic$2,291
Base$1,098
X Layer$575.94
Robinhood Chain$538.20
BSC$387.63
Mantle$74.77
Berachain$0.37
OP Mainnet$0
Revenue 7d$199,515
Ethereum$138,778
Arbitrum$49,139
Monad$7,876
Plasma$2,725
Hyperliquid L1$386.89
Robinhood Chain$234.43
X Layer$231.60
BSC$71.45
Base$56.56
Mantle$15.07
Sonic$0.47
Berachain$0
OP Mainnet$0
Revenue 24h$107,062
Ethereum$72,839
Arbitrum$27,737
Monad$2,965
Plasma$2,666
Hyperliquid L1$365
Robinhood Chain$212
X Layer$197
BSC$49
Base$17
Mantle$15
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$65.51m
Ethereum$52.68m
Arbitrum$6.35m
Plasma$1.83m
Berachain$1.48m
BSC$1.36m
Mantle$841,638
Base$446,225
Hyperliquid L1$219,190
Sonic$135,934
Monad$131,493
OP Mainnet$24,240
Robinhood Chain$813.44
X Layer$787.27
Holders Revenue 30d$426,222
Holders Revenue 30d by chain
Ethereum$313,488
Arbitrum$77,520
Monad$19,815
Plasma$6,482
Hyperliquid L1$4,949
Sonic$1,832
Base$877.59
X Layer$459.87
Robinhood Chain$430.17
BSC$309.51
Mantle$59.81
Berachain$0.29
OP Mainnet$0
Holders Revenue 7d$142,018
Ethereum$111,023
Arbitrum$21,718
Monad$6,302
Plasma$2,180
Hyperliquid L1$309.50
Robinhood Chain$187.35
X Layer$184.40
BSC$56.97
Base$44.45
Mantle$12.05
Sonic$0.37
Berachain$0
OP Mainnet$0
Holders Revenue 24h$84,287
Ethereum$58,272
Arbitrum$20,827
Monad$2,372
Plasma$2,133
Hyperliquid L1$292
Robinhood Chain$170
X Layer$157
BSC$39
Base$13
Mantle$12
Berachain$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.98m
Ethereum$46.71m
Arbitrum$4.67m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,688
Base$415,137
Hyperliquid L1$175,352
Sonic$130,972
Monad$105,193
OP Mainnet$19,975
Robinhood Chain$650.20
X Layer$629.12
Incentives 1y$3.8m
Incentives 30d$391,224
Incentives 7d$204,154
Incentives 24h$198,303
Cumulative Incentives$90.97m
Earnings (Annualized)$9.74m
Earnings 30d$193,610
Earnings 7d-$4,639
Earnings 24h-$91,241
Cumulative Earnings-$25.47m
DEX Volume 30d$1.194b
DEX Volume 30d by chain
Ethereum$954.02m
Monad$132.51m
Arbitrum$86.56m
Plasma$13.04m
X Layer$5.23m
Hyperliquid L1$1.95m
Base$374,031
BSC$349,400
Robinhood Chain$220,422
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$399.49m
Ethereum$383.41m
Monad$12.43m
X Layer$1.72m
Arbitrum$1.61m
Hyperliquid L1$140,190
BSC$101,007
Base$43,518
Plasma$22,804
Robinhood Chain$2,406
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$118.99m
Ethereum$116.68m
X Layer$1.52m
Monad$634,323
Arbitrum$120,649
BSC$24,482
Hyperliquid L1$5,927
Base$3,390
Plasma$115
Robinhood Chain$1
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$58.769b
Ethereum$52.898b
Arbitrum$3.278b
BSC$1.581b
Monad$411.89m
Mantle$303.09m
Plasma$221.15m
Hyperliquid L1$46.11m
Base$17.55m
X Layer$8.23m
Robinhood Chain$4.21m
OP Mainnet$158,370
Berachain$0
Sonic$0
Perp Volume 30d$874.23m
Perp Volume 30d by chain
Arbitrum$874.23m
Perp Volume 7d$359.75m
Arbitrum$359.75m
Perp Volume 24h$13.86m
Arbitrum$13.86m
Cumulative Perp Volume$21.958b
Arbitrum$21.958b
Open Interest$138.89m
Market Cap$310.83m
$PENDLE Price$1.79
Fully Diluted Valuation$503.12m
Outstanding FDV$505.13m
$PENDLE Volume 24h$44.47m
CEX Volume$18.16m
DEX Volume$32.47m(73.01% of total)
Staked$164.64m(52.97% 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 Tracked158
Average Supply APY12.88%
User Activity
Active Addresses (24h)562
New Addresses (24h)69
Transactions (24h)950
Gas Used (24h)0.16 ETH
Gas Cost (24h)$370
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 Nov 4, 2026.
All-time high TVL: $13.391b on Sep 19, 2025. All-time low TVL: $899,394 on Jun 16, 2021.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 28, 2026 | $1.058b |
| Oct 29, 2026 | $1.071b |
| Oct 30, 2026 | $1.042b |
| Oct 31, 2026 | $1.017b |
| Nov 1, 2026 | $1.018b |
| Nov 2, 2026 | $1.03b |
| Nov 3, 2026 | $1.033b |
| Nov 4, 2026 | $1.021b |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $1.017b |
| Nov 4, 2026 (latest) | $1.021b |
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, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| 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 | $492,984 | $486,270 | $351,146 |
| Nov 2026 (to date) | $146,178 | $145,098 | $109,804 |
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 Nov 4, 2026, Pendle has $1.028b in total value locked. TVL has decreased 18.8% over the past 30 days.
What chains does Pendle operate on?
Pendle operates on 14 chains: Ethereum, Monad, Arbitrum, X Layer, and Hyperliquid L1 and 9 others. Ethereum holds the largest share at 76.1%.
How much has Pendle generated in fees and revenue?
Over the past 30 days, Pendle generated $591,411 in fees. Of that, $584,834 was protocol revenue. Based on the trailing year, the annualized rate is $13.77m in fees and $13.54m in revenue.
What is the PENDLE token price and valuation?
PENDLE is currently trading at $1.73. Its circulating market capitalization is $301.75m, ranking it #195. Its fully diluted valuation is $488.43m. Supply currently stands at 173.93m circulating, 281.53m total supply.
How has PENDLE performed recently?
PENDLE is down 12.4% over the past 7 days and down 30.9% over the past 30 days. Its all-time high is $7.50, reached on Apr 11, 2024. The token is currently 76.9% 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 $1.194b in DEX volume over the past 30 days.
