Pendle (PENDLE)
Total Value Locked$6.005b
| Ethereum | $3.44b |
|---|---|
| Hyperliquid L1 | $1.052b |
| Plasma | $746.45m |
| Arbitrum | $475.25m |
| BSC | $241.74m |
| Base | $22.61m |
| Berachain | $21.57m |
| Sonic | $4.85m |
| Mantle | $642,751 |
| Avalanche | $55,837 |
| OP Mainnet | $33,518 |
| Include in TVL (optional) | |
|---|---|
| $179.81m | |
| $1.4m |
| Market Cap | $482.29m |
|---|---|
| $2.86 | |
| Fully Diluted Valuation | $806.47m |
| $47.78m | |
| Staked | $179.81m |
| (37.28% of mcap) | |
| $26.18m | |
| $43.54m | |
| $42.63m | |
| 2,320 | |
| $3.7m | |
Protocol Information
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
Category:Yield
Development Activity
(updated at 16/06/25)
Weekly commits: 10
Monthly commits: 52
Weekly developers: 4
Monthly developers: 9
Last commit: 5 months ago (2025-06-16)
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.
Fees: Total yield from deposited assets + trading fees paid by yield traders.
Revenue: Sum of 5% fee from all yield + points accrued and 80% trading fees.
Addresses: This only counts users that interact with protocol directly (so not through another contract, such as a dex aggregator), and only on arbitrum, avax, bsc, ethereum, xdai, optimism, polygon.