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.
Buy Pendle
Trading Insights
Buyer Ratio
Traders
129
-19.38%
Buyers
87
-19.44%
Sellers
46
-19.3%
Searched
232
Market Stats
Market Cap
£634.69M
-2.54%
FDV
£1.06B
Circ. Supply
169M PENDLE
Max Supply
282M PENDLE
Total Supply
282M PENDLE
Total Value Locked
£9.78B
Diluted Valuation
£1.06B
Performance
Popularity
#90
Dominance
0.02%
Volume (24H)
£38.12M
-44.77%
Volume (7D)
£584.75M
Volume (30D)
£1.24B
All time high
£5.56
Price Change (1Y)
23.66%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Pendle has decreased by 0.53% in the last hour and decreased by 2.13% in the past 24 hours. Pendle’s price has also fallen by 0.80% in the past week. The current price is £3.74 per PENDLE with a 24-hour trading volume of £38.12M. Currently, Pendle is valued at 32.76% below its all time high of £5.56. This all-time high was the highest price paid for Pendle since its launch.
The current circulating supply of Pendle is 169,248,093.277 PENDLE which means that Pendle has as total market cap of £634,693,656.66.
Market details
PENDLE vs markets
↘ 33.51%
PENDLE vs BTC
↘ 32.06%
PENDLE vs ETH
↘ 28.64%
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 | £3.74 | ↘ 2.13% |
1 Day | £3.84 | ↘ 2.13% |
1 Week | £3.76 | ↘ 0.80% |
1 Month | £4.02 | ↘ 6.54% |
1 Year | £3.07 | ↗ 23.66% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Pendle is a yield-trading protocol where users can execute various yield-management strategies within the ecosystem. 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.
PENDLE is the governance and utility token of Pendle. Operating on Ethereum and other chains.
PENDLE functions as the backbone of the Pendle ecosystem, facilitating governance and incentivizing participation. Token holders can lock PENDLE within the ecosystem into a vote-escrowed model (vePENDLE) to vote on protocol decisions and earn a share of trading fees.
PENDLE is used for governance, allowing holders within the ecosystem to influence protocol parameters, such as fee structures or supported assets.
Pendle was launched in 2021 to bring yield tokenization to DeFi, founded by a team aiming to replicate traditional finance’s interest rate derivatives in a decentralized context. The PENDLE token was introduced to decentralize governance and align incentives among users.
We update our Pendle to GBP currency in real-time. Get the live price of Pendle on Coinbase.
The current market cap of Pendle is £634.69M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Pendle is £5.56. 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 £38.12M.
Assets that have a similar market cap to Pendle include Aave ENS V2, Ethereum Name Service, Raydium, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Pendle is 169 million.
Pendle ranks 305 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.
Pendle news
Trending articles
Social stats
Popularity in posts
#329
Contributors
562
Posts
989
% About Pendle
0.072%
Hold times
0 days
X (Twitter)
47.48% bullish
Sentiment
4.0 ★
Highlights
562 unique individuals are talking about Pendle and it is ranked #329 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 80 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 48.89% of tweets with bullish sentiment compared to 2.97% of tweets with a bearish sentiment about Pendle. 51.11% of tweets were neutral about Pendle. These sentiments are based on 984 tweets.
On Reddit, Pendle was mentioned in 0 Reddit posts and there were 0 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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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.