Pendle

$2.09
0.3%(24h)Today
0.3%
30 Days
-11.0%
Price Change (24h)
$0.006462

Today
0.3%
30 Days
-11.0%
Price Change (24h)
$0.006462
The live price of Pendle is $2.09 per PENDLE/USD, +0.31% in the last 24 hours. It has a market cap of $334.29M and $10.91M in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. PENDLE has a circulating supply of 172.31M.
Current price
$2.0924h high
$2.1924h low
$2.0424h
+0.31%7d
-1.46%30d change
-11.03%Rank
#146
By market cap
Market Cap
$334.29M
24h Volume
$10.91M
Across 10 exchanges
FDV
$588.65M
If all tokens were issued
Circulating Supply
172.31M PENDLE
Total Supply
281.53M PENDLE
Max Supply
—
No fixed cap
Listed on
10 exchanges
Pendle is available on 10 exchanges. Prices shown are live.
| Exchange | Pair | Volume | Trade |
|---|---|---|---|
| Binance | PENDLEUSDT | $3.92M | Buy PENDLE on Binance |
| OKX | PENDLE-USDT | $1.60M | Buy PENDLE on OKX |
| Coinbase | PENDLE-USD | $970.33K | Buy PENDLE on Coinbase |
| MEXC | PENDLEUSDT | $747.18K | Buy PENDLE on MEXC |
| LBank | pendle_usdt | $706.60K | Buy PENDLE on LBank |
| Bybit | PENDLEUSDT | $224.77K | Buy PENDLE on Bybit |
| KuCoin | PENDLE-USDT | $220.90K | Buy PENDLE on KuCoin |
| Gate | PENDLE_USDT | $213.73K | Buy PENDLE on Gate |
| Bitget | PENDLEUSDT | $163.73K | Buy PENDLE on Bitget |
| Kraken | PENDLE/USD | $125.21K | Buy PENDLE on Kraken |
Price: $2.09 — Price Source: 10 exchanges
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Pendle is a decentralized finance protocol that focuses on the tokenization and trading of future yield. It allows users to separate the ownership of an underlying asset from its future yield, creating distinct financial instruments that can be traded on its platform. The protocol is built around an automated market maker (AMM) designed to handle assets with time decay, which is a key characteristic of future yield tokens. This design addresses the challenge of valuing yields that can be influenced by market conditions and the performance of the underlying asset.
Through this mechanism, Pendle offers liquidity providers and traders the option to sell future yield for immediate liquidity or to speculate on the future yield of various DeFi assets. This enables strategies for yield optimization and risk management, allowing users to align their approach with specific financial goals and risk tolerance.
The security framework of Pendle includes audits by industry entities, enhanced operational protocols, and ongoing system monitoring. The protocol also maintains an open-source codebase on platforms like GitHub, encouraging community review and collaboration to strengthen its security posture.