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 INR currency in real-time. Get the live price of Pendle on Coinbase.

The current market cap of Pendle is ₹52.34B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Pendle is ₹650.03. 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 ₹7.94B.

Assets that have a similar market cap to Pendle include Bitcoin SV, Jasmy, BitTorrent [New], and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Pendle is 162 million.

Pendle ranks 312 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.