Pendle V2(PENDLE)
Total Value Locked$1.207b
TVL by Chain
Ethereum$760.63m
Arbitrum$171.99m
Monad$144.6m
X Layer$64.79m
Plasma$43.29m
Hyperliquid L1$9m
BSC$7.75m
Base$3.38m
Robinhood Chain$700,398
Sonic$499,773
Mantle$111,733
Avalanche$46,121
Berachain$1,922
OP Mainnet$0
Key Metrics
Fees 30d$398,705
Fees 30d by chain
Ethereum$315,608
Arbitrum$28,427
Monad$25,844
Plasma$15,575
Hyperliquid L1$6,046
Base$3,866
Sonic$2,289
Robinhood Chain$388.73
BSC$353.98
X Layer$249.88
Mantle$55.67
Berachain$0.92
OP Mainnet$0
Fees 7d$98,307
Ethereum$79,269
Arbitrum$5,594
Monad$4,702
Plasma$3,003
Hyperliquid L1$2,539
Sonic$2,285
Base$485.41
BSC$171.46
Robinhood Chain$110.25
X Layer$91.82
Mantle$55.14
Berachain$0.37
OP Mainnet$0
Fees 24h$10,266
Ethereum$9,262
Monad$509
Arbitrum$430
Plasma$24
Base$20
Hyperliquid L1$13
BSC$5.85
X Layer$2.10
Robinhood Chain$0.15
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.93m
Ethereum$54.48m
Arbitrum$5.69m
Plasma$1.89m
Berachain$1.49m
BSC$1.41m
Mantle$844,275
Base$516,129
Hyperliquid L1$327,708
Sonic$149,372
Monad$112,506
OP Mainnet$24,365
Robinhood Chain$388.88
X Layer$314.61
Revenue 30d$391,945
Revenue 30d by chain
Ethereum$310,221
Arbitrum$27,798
Monad$25,342
Plasma$15,525
Hyperliquid L1$5,967
Base$3,783
Sonic$2,289
Robinhood Chain$384.16
BSC$347.57
X Layer$232.61
Mantle$55.67
Berachain$0.92
OP Mainnet$0
Revenue 7d$96,798
Ethereum$78,058
Arbitrum$5,491
Monad$4,542
Plasma$3,000
Hyperliquid L1$2,533
Sonic$2,285
Base$467.25
BSC$169.85
Robinhood Chain$109.67
X Layer$86.99
Mantle$55.14
Berachain$0.37
OP Mainnet$0
Revenue 24h$9,927
Ethereum$8,966
Monad$475
Arbitrum$424
Plasma$24
Base$17
Hyperliquid L1$13
BSC$5.79
X Layer$1.75
Robinhood Chain$0.12
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$64.27m
Ethereum$52.36m
Arbitrum$5.47m
Plasma$1.82m
Berachain$1.48m
BSC$1.36m
Mantle$841,618
Base$445,566
Hyperliquid L1$215,437
Sonic$135,921
Monad$109,493
OP Mainnet$24,240
Robinhood Chain$384.28
X Layer$292.06
Holders Revenue 30d$313,554
Holders Revenue 30d by chain
Ethereum$248,178
Arbitrum$22,240
Monad$20,270
Plasma$12,421
Hyperliquid L1$4,772
Base$3,027
Sonic$1,831
Robinhood Chain$306.36
BSC$277.64
X Layer$185.67
Mantle$44.53
Berachain$0.73
OP Mainnet$0
Holders Revenue 7d$77,434
Ethereum$62,445
Arbitrum$4,392
Monad$3,633
Plasma$2,400
Hyperliquid L1$2,027
Sonic$1,827
Base$374.19
BSC$135.47
Robinhood Chain$86.93
X Layer$69.19
Mantle$44.11
Berachain$0.29
OP Mainnet$0
Holders Revenue 24h$7,941
Ethereum$7,173
Monad$380
Arbitrum$339
Plasma$19
Base$14
Hyperliquid L1$10
BSC$4.63
X Layer$1.40
Robinhood Chain$0.09
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.62m
Ethereum$46.45m
Arbitrum$4.59m
Berachain$1.47m
Plasma$1.46m
BSC$1.12m
Mantle$702,673
Base$414,611
Hyperliquid L1$172,348
Sonic$130,962
Monad$87,591
OP Mainnet$19,975
Robinhood Chain$306.45
X Layer$233.43
DEX Volume 30d$781.34m
DEX Volume 30d by chain
Ethereum$558.8m
Monad$106.28m
Arbitrum$60.6m
Plasma$24.06m
Hyperliquid L1$22.59m
X Layer$4.04m
Robinhood Chain$3.82m
Base$854,988
BSC$294,524
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$165.65m
Ethereum$116.84m
Monad$39.56m
Arbitrum$6.08m
X Layer$1.85m
Plasma$829,242
Hyperliquid L1$254,163
Robinhood Chain$146,628
BSC$53,014
Base$46,740
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$20.25m
Ethereum$17.45m
Arbitrum$1.88m
Monad$853,827
X Layer$32,413
Plasma$17,372
Base$8,301
Robinhood Chain$3,375
BSC$1,384
Hyperliquid L1$1,316
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$57.713b
Ethereum$52.046b
Arbitrum$3.196b
BSC$1.581b
Monad$308.19m
Mantle$303.09m
Plasma$208.4m
Hyperliquid L1$44.3m
Base$17.21m
X Layer$4.67m
Robinhood Chain$4.12m
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$199.76m
Total Raised$3.7m
May 4, 2021$3.7mRound: SeedInvestors: AllianceDAO, Bitlink Capital, Bitscale Capital, CMS Holdings, Crypto.com Capital, D1 Ventures, Fisher8 Capital, Genesis Block Ventures, Harvest Finance, HashKey, imToken Ventures, LedgerPrime, Lemniscap, Mechanism Capital, Origin Capital, Parataxis Capital, Signum Capital, Sora Ventures
Aug 23, 2023Round: Investors: Binance Labs
Nov 9, 2023Round: OTCInvestors: The Spartan Group
Protocol Information
Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
Audits:
Methodology
TVL: V1 TVL counts the collateral backing the yield tokens and USDC in the pendle markets, plus staked OT liquidity, and SLP/JLP staked in masterchef. Staking TVL is just staked PENDLE on 0x07282F2CEEbD7a65451Fcd268b364300D9e6D7f5. Pool2 refers to the Pe,P pool on mainnet, and Pa,P pool on avax.View code on GitHubFees: Total yield from deposited assets + trading fees paid by yield traders.View code on GitHubRevenue: Sum of 5% fee from all yield + points accrued and 80% trading fees.View code on GitHubHolders Revenue: 80% revenue distributed to sPENDLE holders (100% before September 2025).View code on GitHubDEX Volume: Value traded in Pendle's pools plus limit orders filled on Pendle's order book, counted once per trade on the yield-bearing token side. A YT trade counts the size of the position it opens, not the smaller amount the trader pays for it. Minting and redeeming PT/YT is not a trade and is excluded.View code on GitHubYields
Pools Tracked150
Average Supply APY9.76%
User Activity
Active Addresses (24h)383
New Addresses (24h)24
Transactions (24h)682
Gas Used (24h)0.25 ETH
Gas Cost (24h)$642
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.207b in total value locked. TVL has decreased 2.9% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Arbitrum, Monad, X Layer, and Plasma and 9 others. Ethereum holds the largest share at 63%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $398,705 in fees. Of that, $391,945 was protocol revenue. Based on the trailing year, the annualized rate is $16.32m in fees and $16.03m in revenue.
How does Pendle V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Pendle V2 ranks #2 by TVL. The category holds $4.746b across 574 protocols, and Pendle V2 accounts for 25.4% of that total. Other leading protocols include Equilibria, Napier, Spectra V2, Penpie, Saffron Vaults, Spark Savings, Stake DAO Yield, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle V2 process?
Pendle V2 processed $781.34m in DEX volume over the past 30 days.