PENDLE
$3.13

Pendle (PENDLE) Price

$3.13
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Pendle (PENDLE) Price Today

The live price of Pendle is 3.13 USD. In the past 24 hours, the trading volume of Pendle was 48.1M USD, up by 1.52%. The current price has decreased by -5.56% from its 7-day high of 3.32 USD, and increased by -0.15% from its 7-day low of 3.14 USD. With a circulating supply of 281,527,448.45 PENDLE, the market cap of Pendle is currently 913.4M USD, down by 0% in the last 24 hours. Pendle currently ranks #162 by market capitalization among cryptocurrencies.

Pendle (PENDLE) Market Data

Market Cap
$518.6M
24h Volume
$48.1M
Circulating Supply
168.7M PENDLE
Maximum Supply
281.5M PENDLE
Fully Diluted Market Cap
$865.2M
Liquidity Indicator
9.29%
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About Pendle (PENDLE)

What Is Pendle (PENDLE) and How Does It Work?



Pendle (PENDLE) is a decentralized finance (DeFi) protocol that lets you trade future yield from yield-bearing assets like stETH or aUSDC. Instead of just holding these assets passively, Pendle splits them into two tokens: Principal Token (PT), which represents your original capital, and Yield Token (YT), which captures all future yield until maturity. This makes yield itself a tradable asset, giving you more flexibility with your holdings.

Pendle uses a custom automated market maker (AMM) designed for time-sensitive assets. PT gradually converges toward the value of the underlying asset as maturity nears, while YT loses value to zero since no more yield remains after maturity. Traders can use Pendle’s markets to lock in fixed yield, speculate on interest rates, or hedge against changes in future yield.

The PENDLE token powers the ecosystem. By locking PENDLE into vePENDLE, you can vote on governance proposals, boost rewards, and earn a share of protocol fees. This design aligns long-term stakers with the protocol’s growth while giving users strategies to maximize returns from DeFi yields.

Learn more about how Pendle works in our comprehensive guide.

When Did Pendle Finance Launch?


Pendle Finance traces its roots to mid-2020, when its founding team began exploring how to bring more predictable, fixed-rate mechanics into the volatile yield environment of DeFi. The protocol was formally backed by a successful fundraising in April 2021, raising about $3.7 million from investors like Mechanism Capital, Crypto.com Capital, HashKey, Spartan, and others. Its leadership includes TN Lee as co-founder and CEO, who has prior experience in the DeFi ecosystem, and Vu Nguyen as co-founder and CTO, among others.

Pendle Roadmap


- In 2025, Pendle committed to building on three core pillars: upgrades to V2, expansion of Citadels, and development of Boros for leveraged yield trading

- Plans include permissionless pool deployment, enabling external protocols to deploy via UI, dynamic fee rebalancing, and enhanced vePENDLE governance features

- For late 2025 and beyond: cross-chain support for non-EVM platforms like Solana, TON, a “KYC yield” product for institutional/regulatory use, and tighter integration with TradFi, e.g. tokenized treasury/real-world assets

What Is the PENDLE Token Used for?


The PENDLE token is the native utility and governance asset of the Pendle protocol. It powers the vePENDLE system, where users lock their tokens to gain voting rights, boost liquidity rewards, and earn a share of protocol fees. This aligns long-term incentives, as vePENDLE holders direct liquidity incentives across pools and benefit directly from Pendle’s growth. In addition, PENDLE is used to incentivize liquidity providers and support ecosystem expansion.

On BingX, you can trade PENDLE tokens directly in the spot market by selecting the PENDLE/USDT trading pair. Simply deposit USDT, navigate to the spot market, and place a buy or sell order for PENDLE within seconds.

What Is Pendle Tokenomics?


Pendle (PENDLE) has a capped supply of about 235.8 million tokens, with distribution designed to support both long-term growth and community incentives. A large portion is allocated to liquidity and incentive rewards to bootstrap yield markets, while other allocations cover the team and core contributors with vesting, the treasury and ecosystem fund for partnerships and development, and community distributions through airdrops and public access.

The token also follows a decaying emission model, starting with higher weekly rewards that gradually reduce by about 1% per week until stabilizing at around 2% annual inflation. This approach balances early ecosystem growth with long-term sustainability, while vesting schedules ensure team and investor alignment over time.

How to Lock PENDLE Tokens to Earn vePENDLE


Locking PENDLE tokens gives you vePENDLE, which is Pendle’s vote-escrowed token that powers governance, boosts rewards, and shares protocol fees. The longer you lock your PENDLE, the more vePENDLE you receive. This system is designed to align incentives with long-term supporters of the protocol.

To lock, go to the Pendle dApp, connect your wallet, and select the “Lock PENDLE” option. Choose how many tokens you want to lock and pick a lock duration of up to 2 years. Confirm the transaction in your wallet, and once complete, your vePENDLE balance will show up. With vePENDLE, you can vote on liquidity gauge allocations, boost your LP yields, and claim a share of Pendle’s trading fees.

What Blockchain Network(s) Does Pendle Finance Support?


Pendle Finance is built for multi-chain deployment, it's not limited to Ethereum alone. The protocol supports networks like Ethereum, Arbitrum, Optimism, and BNB Chain, enabling users across these ecosystems to tokenize and trade yield without needing to bridge assets.

Which Wallets Support PENDLE Tokens?


The easiest way to store your PENDLE tokens is directly on BingX, where they remain secure within the exchange’s custodial wallet system. This option is convenient if you plan to trade PENDLE frequently, as it lets you buy, sell, or transfer tokens instantly without needing to manage private keys yourself. BingX also employs industry-grade security, including proof-of-reserves and risk controls, to safeguard your assets.

For users who prefer self-custody, PENDLE can be stored in any wallet that supports Ethereum and EVM-compatible tokens, since PENDLE is an ERC-20 asset. Popular choices include MetaMask, Trust Wallet, Rabby, and hardware wallets like Ledger or Trezor for added security. With self-custody, you maintain full control of your private keys and can also connect directly to the Pendle dApp to lock tokens for vePENDLE or provide liquidity.

Is Pendle (PENDLE) a Good Investment?


Pendle (PENDLE) stands out as a strong DeFi play because it transforms yield itself into a tradable asset, separating principal and future returns, which opens up strategies like locking in fixed yield, hedging interest rate risk, or speculating on yield movements.

Its multi-chain expansion, growing TVL, and integrations across stablecoin and yield-bearing protocols give it scalability and real usage backing. In short: by bringing financial primitives like interest-rate derivatives into DeFi, Pendle offers differentiated exposure, and if adoption and yield markets continue to mature, its value capture through token utility could reward believers.

Information source

Official WebsiteWhitepaper

Pendle (PENDLE) Price Converter

PENDLE to USD
1 PENDLE = $ 3.13
PENDLE to VND
1 PENDLE = ₫ 82,420.06
PENDLE to EUR
1 PENDLE = € 2.69
PENDLE to TWD
1 PENDLE = NT$ 96.43
PENDLE to IDR
1 PENDLE = Rp 52,138.18
PENDLE to PLN
1 PENDLE = zł 11.45
PENDLE to UZS
1 PENDLE = so'm 37,973.75
PENDLE to JPY
1 PENDLE = ￥ 479.90
PENDLE to RUB
1 PENDLE = ₽ 253.14
PENDLE to TRY
1 PENDLE = ₺ 131.69
PENDLE to THB
1 PENDLE = ฿ 102.42
PENDLE to UAH
1 PENDLE = ₴ 131.66
PENDLE to SAR
1 PENDLE = ر.س 11.75
Pendle Price Converter

How to Buy Pendle (PENDLE)

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Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
Trade Now
Now that your account is funded, you can seamlessly trade Pendle PENDLE and other cryptocurrencies while exploring BingX’s diverse trading features!
How to Buy PENDLE Guide

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