Pendle
PENDLE
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Pendle price
in USD$5.104
-$0.017 (-0.34%)
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Market cap
$857.27M
Circulating supply
167.89M / 281.53M
All-time high
$7.142
24h volume
$93.36M
3.7 / 5
About Pendle
PENDLE is a groundbreaking DeFi protocol that transforms yield into a tradable asset class. By splitting yield-bearing tokens into Principal Tokens (PTs) and Yield Tokens (YTs), PENDLE enables users to lock in fixed yields, speculate on future yield fluctuations, or provide liquidity for boosted returns. This innovative approach makes it possible to trade, hedge, and optimize yield across various assets, including stablecoins, liquid staking tokens, and more. With integrations across major DeFi platforms and chains, PENDLE is becoming the backbone of on-chain fixed income markets, offering sustainable yield opportunities for both retail and institutional investors.
AI-generated
Pendle issuer risk
Please take all and any precaution and be advised that this crypto-asset is classified as a high-risk crypto-asset. This crypto-asset lacks a clearly identifiable issuer or/and an established project team, which increases or may increase its susceptibility to significant market risks, including but not limited to extreme volatility, low liquidity, or/and the potential for market abuse or price manipulation. There is no absolute guarantee of the value, stability, or the ability to sell this crypto-asset at preferred or desired prices.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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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.
Pendle’s price performance
Past year
--
$0.00
3 months
+15.81%
$4.41
30 days
+16.55%
$4.38
7 days
-3.61%
$5.30
Pendle in the news
The protocol's new yield-trading platform, Boros, allows traders to go long or short on funding rates, and has attracted significant deposits and activity since its launch.
For traders who pay or earn funding fees on CEXs, Boros offers a new hedge: short YU if funding is expected to fall; long if rates are projected to spike.
Pendle on socials
🔥 Top 12 DeFi Protocol by TVL & Earnings (08/2025)
1️⃣ Lido – TVL: $39.68B | 1M: +16.36% | Rev 30d: $8.93M | Earn: $8.81M | @LidoFinance
2️⃣ Aave – TVL: $39.62B | 1M: +16.63% | Rev 30d: $12.43M | Earn: $7.86M | @aave
3️⃣ EigenLayer – TVL: $20.49B | 1M: +10.33% | Rev 30d: $0 | Earn: $0 | @eigenlayer
4️⃣ Binance staked ETH – TVL: $14.91B | 1M: +32.53% | Rev 30d: $1.64M | Earn: $1.64M | @binance
5️⃣ Ethena – TVL: $12.37B | 1M: +59.48% | Rev 30d: $25.17M | Earn: $25.17M | @ethena_labs
6️⃣ – TVL: $11.71B | 1M: +13.44% | Rev 30d: $4.85M | Earn: $4.85M | @ether_fi
7️⃣ Pendle – TVL: $10.55B | 1M: +55.88% | Rev 30d: $6.24M | Earn: $3.67M | @pendle_fi
8️⃣ Spark – TVL: $7.72B | 1M: +4.87% | Rev 30d: $0.59M | Earn: -$8.66M | @sparkchainai
9️⃣ Morpho – TVL: $7.37B | 1M: +23.63% | Rev 30d: $0 | Earn: $0 | @MorphoLabs
🔟 Sky – TVL: $6.31B | 1M: +9.84% | Rev 30d: $17.76M | Earn: $16.42M | @SkyProtocolOrg
1️⃣1️⃣ Babylon Protocol – TVL: $6.28B | 1M: +20.92% | Rev 30d: $0 | Earn: $0 | @babylonlabs_io
1️⃣2️⃣ Uniswap – TVL: $5.87B | 1M: +1.72% | Rev 30d: $0 | Earn: $0 | @Uniswap
📢 Hashtag:
#DeFi #Lido #Aave #EigenLayer #Binance #Ethena #EtherFi #Pendle #Spark #Morpho #Sky #Babylon #Uniswap #Crypto #TVL
Update on the @boros_fi trading challenge.
Still short on ETH rates - total uPnL is 20% from original trade size.
- Underlying APR has consistently been sub 5%
- At times ETH funding has even gone negative momentarily, 8 hourly funding payments are adding up nicely
- Current APR shorting is over 40% APR in ETH
Essentially waiting to see if implied rate trends up or break below 7%. Looking at what funding rates look like across other CEXes to just keep an top of the general trend is, as long as it remains stable at these low levels, I'll happily keep the short trade on.
Will update again when I make another trade/close this one
Wajahat Mughal
Playing with Boros by @pendle_fi and going to be doing some funding rate trading, will be sharing some trades, things I find interesting as well as general education.
Let's see how quickly I blow up the account
Starting off with shorting ETH funding
- Just following the trend that I saw with BTC markets last week
- Binance underlying rate is 5.6%, locking in fixed rates at 8.59%
- Spread means I'm earning 35% APR on $ETH
Guides
Find out how to buy Pendle
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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
PEPE, AAVE, and PENDLE: Top Insights on Meme Coins, Whale Activity, and DeFi Innovations
Introduction to PEPE, AAVE, and PENDLE The cryptocurrency market continues to evolve, with tokens like PEPE , AAVE , and PENDLE capturing significant attention due to their unique characteristics and
Pendle TVL Market: Key Milestones, Innovations, and Growth Projections You Need to Know
Introduction to the Pendle TVL Market The decentralized finance (DeFi) ecosystem has experienced explosive growth, and Pendle Finance is emerging as a transformative force in the fixed-income sector.
USDe, Pendle, and Aave: Unlocking DeFi Yield Strategies You Need to Know
Introduction to USDe, Pendle, and Aave in DeFi The decentralized finance (DeFi) ecosystem is undergoing rapid transformation, with protocols like Pendle, Aave, and yield-generating stablecoins such as
Pendle TVL Billion Milestone: How Yield Tokenization is Reshaping DeFi
Pendle TVL Billion Milestone: A Comprehensive Analysis of Its Growth and Future Potential Pendle Finance has solidified its position as a trailblazer in the decentralized finance (DeFi) ecosystem, ach
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Pendle FAQ
Currently, one Pendle is worth $5.104. 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.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Market cap
$857.27M
Circulating supply
167.89M / 281.53M
All-time high
$7.142
24h volume
$93.36M
3.7 / 5