Real-Time PENDLE Price Analysis
Pendle's current live price is $3.37**, with a 24-hour trading volume of **$9,544,958. The price has:
- Decreased by 7.28% in the last 24 hours
- Dropped 2.17% over the past week
Key metrics:
- Market Cap: $554,927,314 (Ranked #91)
- Circulating Supply: 164,635,448 PENDLE tokens
Today's price is:
- 55.16% below its all-time high
- 57,809.13% above its historical low
👉 Trade PENDLE securely on top exchanges
What Is Pendle?
Pendle is a decentralized finance (DeFi) protocol specializing in yield trading. Built on Ethereum and Avalanche blockchains, it features:
- A unique Automated Market Maker (AMM) system
- Yield asset splitting into Ownership Tokens (OT) and Yield Tokens (YT)
- Support for major yield protocols like Aave, Compound, and SushiSwap
Core Features:
- Yield Tokenization: Convert yield-bearing assets into tradable components
- Future Yield Locking: Secure upcoming earnings at current rates
- Collateral-Free Trading: Unique among yield optimization platforms
PENDLE Token Utility
The native PENDLE token serves multiple functions:
- Payment for yield interest and swap fees
- Liquidity rewards for pool contributors
- Potential future governance rights
Current top exchanges for PENDLE trading include Binance, KuCoin, and Kraken.
👉 Store PENDLE safely with hardware wallets
Pendle's Founding Team
Founded in late 2020 by TN Lee, Pendle's development team comprises blockchain experts with backgrounds in:
- Cryptocurrency protocols
- Smart contract development
- Financial market structures
PENDLE Tokenomics
| Allocation | Percentage |
|---|---|
| Team | 22% |
| Ecosystem | 18% |
| Liquidity Incentives | 37% |
| Investors | 15% |
| Advisors | 1% |
| Liquidity Bootstrapping | 7% |
Total Supply: 251 million PENDLE
All allocations follow strict vesting schedules
Pendle Price History
Key Milestones:
- All-Time High: $7.52 (April 11, 2024)
- All-Time Low: $0.0058 (December 11, 2022)
FAQ
What makes Pendle different from other yield protocols?
Pendle uniquely separates yield rights from asset ownership, enabling advanced trading strategies without collateral requirements.
How does Pendle generate revenue?
The protocol earns through:
- Swap fees on its AMM
- Minting fees for OT/YT tokens
- Percentage of yield generated
Is Pendle available on mobile?
Yes, Pendle is accessible via:
- Web browser (desktop/mobile)
- WalletConnect-compatible mobile wallets
What chains support Pendle?
Currently operates on:
- Ethereum (main network)
- Avalanche (expanding cross-chain functionality)
How often are Pendle's price updates?
All data refreshes in real-time from multiple liquidity sources.
Security Recommendations
For optimal PENDLE storage:
- Use cold wallets for long-term holdings
- Enable two-factor authentication on exchanges
- Verify contract addresses before transactions