About Pendle

Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies. Pendle's governance relies on Vote-escrowed PENDLE, also known as vePENDLE, which enables a higher degree of decentralization. By utilizing vePENDLE, PENDLE holders gain access to an array of features that increase the token's utility.

Happening now

AI generated 6h ago

PENDLE faces selling pressure with roughly 54% of recent trades being sells, though its high total value locked relative to market cap suggests potential undervaluation.

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1/22/2026, 6:30:31 AM

Trading Insights

Buyer Ratio

75%0%

Traders

159

14.39%

Buyers

119

21.43%

Sellers

69

16.95%

Searched

260

Market Stats

Market Cap

€309.04M

9.74%

FDV

€512.78M

Circ. Supply

170M PENDLE

Max Supply

Not enough data

Total Supply

282M PENDLE

Total Value Locked

€3.15B

Diluted Valuation

€512.82M

Performance

Popularity

#120

Dominance

0.01%

Volume (24H)

€107.02M

7.41%

Volume (7D)

€815.05M

Volume (30D)

€3.15B

All time high

€6.43

Price Change (1Y)

Not enough data

40.93%

Additional details

Market details

PENDLE vs markets

↘ 30%

PENDLE vs BTC

↘ 31.37%

PENDLE vs ETH

↘ 34.15%

Tags

defi

spartan-group

real-world-assets-protocols

restaking

+2

Network & Addresses

Network
Address

Ethereum

0x808507121B80c02388fAd14726482e061B8da827

Arbitrum

0x0c880f6761F1af8d9Aa9C466984b80DAb9a8c9e8

Avalanche C-Chain

0xfB98B335551a418cD0737375a2ea0ded62Ea213b

BNB Smart Chain

0xb3Ed0A426155B79B898849803E3B36552f7ED507

Price history

Time
Price
Change
Today
€1.81
+9.83%
1 Day
€1.65
+9.21%
1 Week
€1.89
-3.75%
1 Month
€1.59
+12.88%
1 Year
€3.44
-40.93%

Coinbase insights

Happening now

AI generated 6h ago

PENDLE faces selling pressure with roughly 54% of recent trades being sells, though its high total value locked relative to market cap suggests potential undervaluation.


Selling pressure meets value signals

PENDLE shows roughly 54% selling activity over the past day with a buyer-seller ratio of 0.71, yet its total value locked represents over 10x its market cap, indicating possible undervaluation.


Volume surge amid mixed performance

Trading volume jumped roughly

↗160%

over the past week while PENDLE gained approximately

↗5%

compared to other Layer2 tokens, though it still trails the category leader OP significantly.


What to watch next

The key metric is whether PENDLE can reduce the gap between its current market cap and fully diluted valuation, which currently sits at 1.7x, as this could signal stronger fundamental support.

Recent trends

The latest PENDLE price is €1.81. Compared to Pendle's value of €1.65 from 24 hours ago, there's been a 9% increase, while the current price is -4% down from €1.89 which was recorded one week ago. Pendle's all time high is €6.43, which was reached on April 11, 2024. This is a -72% change from its price today.

The market cap is currently €309.04M, which is a result of multiplying the current price of Pendle(€1.81) by the total supply(281,527,448 PENDLE). The fully diluted valuation of Pendle is €512.78M. The diluted valuation of Pendle is €512.78M.

Pendle had 119 buyers, 69 sellers and total 159 trades in the last 24h. Pendle was searched 260 times in the last 24h.

FAQ

Pendle is a unique protocol that seeks to enable the tokenization and trading of future yield. It aims to provide users with greater control over future yield by offering optionality and opportunities for its utilization. The core technology of Pendle includes yield tokenization, which separates any yield-bearing asset into distinct yield and principal components for enhanced control. The protocol is cross-chain compatible, supporting various networks including Ethereum, Arbitrum, BNB Chain, and Optimism.

Pendle operates through a novel Automated Market Maker (AMM) designed specifically for yield trading. This AMM supports assets with time decay, a feature that differentiates Pendle from other protocols. The AMM is designed with concentrated liquidity, a dual fee-structure, and negligible impermanent loss concerns. Additionally, Pendle users can lock their $PENDLE tokens for a stake in the protocol, further enhancing their interaction with the ecosystem.

Pendle aims to provide a platform where users can find stability among volatile yields without a lock-up period. This feature makes Pendle a potential tool for those seeking to manage their yield exposure over time. Users can choose to go long on yield or hedge their yield exposure, depending on their risk tolerance and market outlook. The protocol's cross-chain compatibility also broadens its potential use cases, as it can interact with various blockchain networks.

While the specific historical milestones of Pendle are not detailed, the protocol has established itself as a known platform in the cryptocurrency space. It has undergone audits by several known firms, including Ackee Blockchain, Dedaub, and Dingbats, which have also audited other well-known projects in the industry. This trust and validation from industry experts highlight Pendle's focus on transparency and security in its operations. The protocol's $PENDLE token also plays a role in its ecosystem, providing users with a stake in the protocol.

We update our Pendle to EUR currency in real-time. Get the live price of Pendle on Coinbase.

The current market cap of Pendle is €309.044M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Pendle is €6.43. This all-time high is highest price paid for Pendle since it was launched.

Over the last 24 hours, the trading volume of Pendle is €107.015M.

Assets that have a similar market cap to Pendle include Jasmy, EURC, Gnosis, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Pendle is 170 million.

Pendle ranks 280 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Pendle is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Pendle guide.

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Pendle news

Trending articles

Social stats

Popularity in posts

#235

Contributors

241

Posts

761

% About Pendle

0.1%

Articles

0

X (Twitter)

38.26% bullish

Sentiment

4.3 ★

Highlights

241 unique individuals are talking about Pendle and it is ranked #235 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Pendle has an average sentiment score of 4.3 out of 5. Finally, Pendle is becoming less newsworthy, with 0 news articles published about Pendle.

On Twitter, people are mostly neutral about Pendle. There were 41.31% of tweets with bullish sentiment compared to 7.98% of tweets with a bearish sentiment about Pendle. 58.69% of tweets were neutral about Pendle. These sentiments are based on 758 tweets.

On Reddit, Pendle was mentioned in 1 Reddit posts and there were 8 comments about Pendle. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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