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.
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Trading Insights
Buyer Ratio
Traders
140
-11.39%
Buyers
87
-13%
Sellers
58
-12.12%
Searched
321
Market Stats
Market Cap
S$970.14M
4.82%
FDV
S$1.65B
Circ. Supply
166M PENDLE
Max Supply
282M PENDLE
Total Supply
282M PENDLE
Total Value Locked
S$7.71B
Diluted Valuation
S$1.29B
Performance
Popularity
#98
Dominance
0.02%
Volume (24H)
S$154.97M
-7.31%
Volume (7D)
S$883.11M
Volume (30D)
S$5.27B
All time high
S$9.63
Price Change (1Y)
16.32%
Additional details
Market details
PENDLE vs markets
↘ 28.86%
PENDLE vs BTC
↘ 32.15%
PENDLE vs ETH
↗ 2.47%
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 | S$5.86 | ↗ 4.61% |
1 Day | S$5.57 | ↗ 4.61% |
1 Week | S$5.87 | ↘ 0.30% |
1 Month | S$4.45 | ↗ 31.29% |
1 Year | S$5.27 | ↗ 16.32% |
Coinbase insights
Recent trends
The latest PENDLE price is S$5.86. Compared to Pendle's value of S$5.57 from 24 hours ago, there's been a 5% increase, while the current price is -0% down from S$5.87 which was recorded one week ago. Pendle's all time high is S$9.63, which was reached on April 11, 2024. This is a -39% change from its price today.
The current circulating supply of Pendle is 165,693,952. This is 59% of its max supply of 281,527,448 PENDLE and 59% of its total supply of 281,527,448. The market cap is currently S$970.14M, which is a result of multiplying the current price of Pendle(S$5.86) by the total supply(281,527,448 PENDLE). The fully diluted valuation of Pendle is S$1.65B. The diluted valuation of Pendle is S$1.65B.
Pendle had 87 buyers, 58 sellers and total 140 trades in the last 24h. Pendle was searched 321 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 SGD currency in real-time. Get the live price of Pendle on Coinbase.
The current market cap of Pendle is S$970.14M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Pendle is S$9.63. 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 S$154.97M.
Assets that have a similar market cap to Pendle include Aerodrome Finance, Pyth Network, The Sandbox, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Pendle is 166 million.
Pendle ranks 318 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Pendle news
Trending articles
Social stats
Popularity in posts
#424
Contributors
591
Posts
1,142
% About Pendle
0.072%
Hold times
0 days
X (Twitter)
52.69% bullish
Sentiment
4.3 ★
Highlights
591 unique individuals are talking about Pendle and it is ranked #424 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 86 out of 5. Finally, Pendle is becoming less newsworthy, with 0 news articles published about Pendle.
On Twitter, people are mostly bullish about Pendle. There were 55.61% of tweets with bullish sentiment compared to 5.55% of tweets with a bearish sentiment about Pendle. 44.39% of tweets were neutral about Pendle. These sentiments are based on 1137 tweets.
On Reddit, Pendle was mentioned in 1 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
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.