Pendle
PENDLE
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Pendle price
in USD$4.686
+$0.072 (+1.56%)
USD
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Market cap
$793.52M #66
Circulating supply
169.56M / 281.53M
All-time high
$7.142
24h volume
$185.67M
3.7 / 5
About Pendle
PENDLE is a revolutionary cryptocurrency that enables users to unlock and trade future yield from various assets in decentralized finance (DeFi). By utilizing Pendle’s unique yield tokenization system, investors can split assets into Principal Tokens (PTs) for fixed yield and Yield Tokens (YTs) for variable yield, providing unparalleled flexibility and composability. PENDLE supports diverse use cases, including passive income strategies, yield farming, and risk management, making it a cornerstone for stablecoin, liquid staking, and funding rate derivatives. Trusted by top DeFi protocols and integrated across leading ecosystems, PENDLE empowers users to maximize capital efficiency while participating in the growing decentralized yield market.
AI insights
Pendle’s price performance
Past year
+17.12%
$4.00
3 months
+34.73%
$3.48
30 days
+4.22%
$4.50
7 days
-3.19%
$4.84
Pendle’s biggest 24-hour price drop was on Dec 20, 2024, (UTC+8), when it fell by $1.349 (-24.61%). In Dec 2024, Pendle experienced its biggest drop over a month, falling by $3.010 (-42.15%). Pendle’s biggest drop over a year was by $3.778 (-67.57%) in 2025.
Pendle’s all-time low was $1.813 (+158.46%) on Mar 11, 2025, (UTC+8). Its all-time high was $7.142 (-34.39%) on Dec 7, 2024, (UTC+8). Pendle’s circulating supply is 169,555,379 PENDLE, which represents 60.22% of its maximum circulating supply of 281,527,448 PENDLE.
Pendle in the news
Almanak launched its alUSD stablecoin on Pendle today, offering a 1.25x multiplier on Almanak Points...
Ethena, Pendle, and Aave form a powerful DeFi yield engine. This article explores how they work together and how Hyperliquid could expand this system.
Pendle on socials
September was a month of growth and progress across the Avalanche ecosystem 🔺
Let’s take a look back ⤵️
Ecosystem Updates
🔺 Avalanche network and the AVAX token both turned 5 years old - “From Snowflake to Avalanche. Per consensum ad astra.”
🔺 AgriFORCE Growing Systems (AGRI) announced plans to raise ~$550M to establish the first NASDAQ-listed company with a dedicated AVAX strategy, with @Scaramucci joining @HivemindCap as a strategic advisor.
🔺 Avalanche welcomed two DeFi giants: @ethena_labs and @pendle_fi.
🔺 @Avail now supports @avax - enabling apps to onboard users and liquidity seamlessly, without bridging, chain switching, or gas refueling.
🔺 @Ahnor_Block published a deep dive on Avalanche’s growth in South Korea —-marking one of the strongest months yet for adoption in the region.
🔺 @PharaohExchange V3 launched - $1M+ audited codebase, modular mechanics, and advanced DEX architecture.
🔺 Titan Content is launching 2GATHR, a fan engagement app on a custom Avalanche L1 (TITAN), offering fans missions, exclusive content, and digital collectibles tied to AtHeart’s performances.
🔺 South Korea’s BDACS launched KRW1, the first fully collateralized KRW-backed stablecoin on Avalanche, backed by Woori Bank.
🔺 @Kalshi, the leading prediction market platform, integrated with Avalanche.
🔺 @BenqiFinance integrated Chaos Price Oracles, strengthening DeFi infrastructure.
Foundation Updates
🔺 @LordChrisHolmes of Richmond MBE joined the Avalanche Foundation Board of Directors.
🔺 We’re hiring a Paralegal to support legal and operational needs, check jobs section of our profile to learn more.
🔺 Audit Dashboard with @areta_io live, with over 50+ auditing platforms to choose from.
🔺 Avalanche Foundation x Helika launched a new gaming program: $25K upfront and up to $125K more in support for studios.
Grantee Progress
🔺 @GoKiteAI, the first AI-focussed L1, raised $18M in series A funding with backing from @PayPal Ventures, @SamsungNext, and others.
🔺 @WarpGameCHAIN launched on mainnet - a full-service L1 protocol, publisher, and growth platform.
🔺 @snowpeerio launched an API simplifying app and dashboard development.
🔺 @0xGasless partnered with @BangoDotFun to integrate gasless infrastructure on Avalanche.
🔺 @BitteProtocol enabled AI agents to bridge to Avalanche.
🔺 @SuzakuNetwork surpassed $10M TVL.
🔺 @WolvesDAO shared their Wolves 2.0 update.
🔺 @KeystoneWallet is nearing release of its @coreapp wallet update.
🔺 @BanzaOfficial hit 30,000 users.
Network Growth
→ Surpassed 6.5B total network transactions
→ Surpassed 600M monthly transactions
→ Daily active addresses surpassed 30M
→ Surpassed $17.4B in DEX Volume - highest since December 2022
→ Surpassed $2.2B in TVL -highest since August 2022
→ RWA Value on Avalanche hit $750M
As always, the Avalanche Foundation is here to accelerate innovation, collaboration, and growth across the Avalanche ecosystem.
Did we miss anything? Share your favorite Avalanche moments from September in the comments ⤵️
Stablecoin inflows have reached $289B.
We saw a surge in Q3 (Nearly $40B), driven not just by USDT & USDC but also by rising demand for USDe.
USDe has reached a mcap of ~$15B, which is almost 3x from its July levels.
If you're using @ethena_labs USDe & want more control over your risk/reward, there’s an option.
@strata_money takes sUSDe yield & splits it into two tranches (one for lower risk, one for higher returns)
Mainnet launches in October.
YashasEdu
So @strata_money Season 0 is closing soon. It has already hit $300M TVL with 11K+ depositors. Here's what you need to know about them.
Most DeFi yield products force everyone into the same risk level.
> Conservative institutions want predictable returns + principal protection
> Aggressive traders want leveraged upside
Current products like sUSDe give you one option. This creates a gap.
> Institutions can't participate because the risk is too high/unpredictable
> DeFi farmers can't get leveraged exposure
Strata splits the yield into two products so different types of investors can pick their risk level. It's basically bringing TradFi structured products to DeFi.
They take Ethena's sUSDe & split it into two risk levels👇
1/ Senior tranche (srUSDe): Lower risk, principal protected with predictable yields
2/ Junior tranche (jrUSDe): Higher risk, leveraged exposure to sUSDe yield
The @pendle_fi integration drove $292M in TVL. About 90% of deposits route through Pendle for amplified rewards (60x Strata points, 50x Ethena Sats, Ethereal point).
> Direct deposits earn 30x multipliers
> Pendle LP/YT positions get the 60x boost.
Has been also integrated with Euler, Morpho for lending & looping strategies.
> Plans to launch on Ethereum first, then expand to other chains with yield-bearing assets
> Will be one of the first protocols on Converge (Ethena Labs + Securitize/BlackRock), but not limited to it.
Season 0 ends most probably around October (Pendle LP/YT expires on 25/10/25). Product launch (srUSDe/jrUSDe) timing still unclear. No TGE date announced yet.
H/t to @Jonasoeth for the dune DB
Guides
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Predict Pendle’s prices
How much will Pendle be worth over the next few years? Check out the community's thoughts and make your predictions.
View Pendle’s price history
Track your Pendle’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Pendle on OKX Learn
Pendle Minting Token: Unlocking Future Yields with DeFi Innovation
What is Pendle Minting Token? Pendle minting token is a pioneering innovation in decentralized finance (DeFi) that allows users to tokenize and trade the future yields of yield-bearing assets. By leve
Pendle TVL Billion: How This DeFi Protocol Is Redefining Yield Trading
Pendle's Total Value Locked (TVL): Milestones and Growth Trajectory Pendle Finance has solidified its position as a leading force in the decentralized finance (DeFi) sector, achieving remarkable miles
Pendle Yield and Kaito: Unlocking DeFi Potential with Yield Tokenization
Introduction to Pendle Yield and Kaito In the dynamic world of decentralized finance (DeFi), protocols like Pendle are revolutionizing how users interact with yield-bearing assets. By introducing yiel
Pendle Incentive and USDC: Unlocking High-Yield Opportunities in DeFi
Introduction to Pendle Finance and Its Yield Trading Model Pendle Finance is a pioneering decentralized finance (DeFi) protocol that specializes in yield trading. By enabling users to tokenize and tra
Capitalize on market volatility with advanced trading tools
Pendle FAQ
Currently, one Pendle is worth $4.686. For answers and insight into Pendle's price action, you're in the right place. Explore the latest Pendle charts and trade responsibly with OKX.
Cryptocurrencies, such as Pendle, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Pendle have been created as well.
Check out our Pendle price prediction page to forecast future prices and determine your price targets.
Dive deeper into Pendle
Pendle is a yield-trading protocol that allows users to earn fixed or flexible yields.
Disclaimer
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$793.52M #66
Circulating supply
169.56M / 281.53M
All-time high
$7.142
24h volume
$185.67M
3.7 / 5