Total Value Locked$1.247b
TVL by Chain
Ethereum$691.64m
Monad$213.22m
Arbitrum$148.7m
Plasma$74.42m
X Layer$69.24m
Hyperliquid L1$36.79m
BSC$7.56m
Base$3.9m
Sonic$606,426.23
Robinhood Chain$573,169.02
Avalanche$45,333.12
Mantle$35,508.04
Berachain$7,542.69
OP Mainnet$0
Key Metrics
Fees 30d$590,639
Fees 30d by chain
Ethereum$476,014
Monad$37,206
Plasma$36,809
Arbitrum$32,843
Hyperliquid L1$3,723.41
BSC$2,649.26
Base$1,196.02
X Layer$132.22
Robinhood Chain$33.23
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Fees 7d$226,233
Ethereum$197,320
Plasma$11,299
Arbitrum$7,420
Monad$7,128
BSC$1,665.9
Hyperliquid L1$742
Base$468.44
X Layer$124.59
Robinhood Chain$33.23
Mantle$15
Berachain$12
Sonic$4.63
OP Mainnet$0
Fees 24h$5,336
Ethereum$4,386
Monad$369
Hyperliquid L1$272
Arbitrum$195
Plasma$90
Base$13
BSC$5.62
Robinhood Chain$3.52
X Layer$1.8
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Fees$66.59m
Ethereum$54.2m
Arbitrum$5.66m
Plasma$1.88m
Berachain$1.49m
BSC$1.41m
Mantle$844,219.8
Base$512,471.51
Hyperliquid L1$322,241.3
Sonic$147,084.25
Monad$92,673
OP Mainnet$24,365.44
X Layer$134.02
Robinhood Chain$36.75
Revenue 30d$580,345
Revenue 30d by chain
Ethereum$467,247
Plasma$36,729
Monad$36,349
Arbitrum$32,468
Hyperliquid L1$3,623.18
BSC$2,634.97
Base$1,108.83
X Layer$121.45
Robinhood Chain$31.68
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Revenue 7d$224,699
Ethereum$196,001
Plasma$11,274
Arbitrum$7,352
Monad$7,057
BSC$1,664.99
Hyperliquid L1$729
Base$444.32
X Layer$114.75
Robinhood Chain$31.68
Mantle$15
Berachain$12
Sonic$4.63
OP Mainnet$0
Revenue 24h$5,186
Ethereum$4,252
Monad$364
Hyperliquid L1$271
Arbitrum$189
Plasma$89
Base$11
BSC$5.53
Robinhood Chain$2.85
X Layer$1.56
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.92m
Ethereum$52.09m
Arbitrum$5.44m
Plasma$1.81m
Berachain$1.48m
BSC$1.36m
Mantle$841,562.22
Base$441,968.36
Hyperliquid L1$210,037.8
Sonic$133,632.54
Monad$90,130
OP Mainnet$24,240.44
X Layer$123.01
Robinhood Chain$34.53
Holders Revenue 30d$464,269
Holders Revenue 30d by chain
Ethereum$373,795
Plasma$29,385
Monad$29,080
Arbitrum$25,968
Hyperliquid L1$2,899.47
BSC$2,107.27
Base$885.69
X Layer$97.16
Robinhood Chain$24.84
Mantle$12
Berachain$9.46
Sonic$3.85
OP Mainnet$0.22
Holders Revenue 7d$179,756
Ethereum$156,801
Plasma$9,018
Arbitrum$5,879
Monad$5,645
BSC$1,331.48
Hyperliquid L1$584
Base$355.67
X Layer$91.8
Robinhood Chain$24.84
Mantle$12
Berachain$9.4
Sonic$3.7
OP Mainnet$0
Holders Revenue 24h$4,151
Ethereum$3,402
Monad$291
Hyperliquid L1$217
Arbitrum$152
Plasma$72
Base$8.8
BSC$4.43
Robinhood Chain$2.28
X Layer$1.25
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$56.35m
Ethereum$46.23m
Arbitrum$4.57m
Berachain$1.47m
Plasma$1.45m
BSC$1.12m
Mantle$702,628.1
Base$411,732.25
Hyperliquid L1$168,031.26
Sonic$129,131.44
Monad$72,103
OP Mainnet$19,975.48
X Layer$98.41
Robinhood Chain$27.12
DEX Volume 30d$507.76m
DEX Volume 30d by chain
Ethereum$324.01m
Monad$108.63m
Arbitrum$27.71m
Plasma$24.73m
Hyperliquid L1$17.29m
BSC$3.12m
X Layer$1.33m
Robinhood Chain$667,573
Base$270,891.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$93.68m
Ethereum$54.48m
Monad$14.77m
Plasma$11.71m
Arbitrum$6.34m
Hyperliquid L1$4.33m
X Layer$1.26m
Robinhood Chain$667,573
BSC$69,010
Base$57,865
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$10m
Ethereum$8.15m
Arbitrum$699,527
Plasma$391,313
Monad$325,231
Hyperliquid L1$303,785
Robinhood Chain$95,776
BSC$23,733
X Layer$10,435
Base$1,607
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.988b
Ethereum$51.517b
Arbitrum$3.138b
BSC$1.581b
Mantle$303.09m
Monad$214.12m
Plasma$193.05m
Hyperliquid L1$23.35m
Base$16.41m
X Layer$1.34m
Robinhood Chain$763,349
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$232.67m
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 Tracked156
Average Supply APY12.25%
User Activity
Active Addresses (24h)329
New Addresses (24h)60
Transactions (24h)594
Gas Used (24h)0.1 ETH
Gas Cost (24h)$256
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.247b in total value locked. TVL has increased 4.8% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Avalanche, OP Mainnet, Sonic, and Berachain and 9 others. Ethereum holds the largest share at 55.5%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $590,639 in fees. Of that, $580,345 was protocol revenue. Based on the trailing year, the annualized rate is $19.11m in fees and $18.6m 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 $4.64b across 585 protocols, and Pendle V2 accounts for 26.9% of that total. Other leading protocols include Equilibria, Spectra V2, Penpie, Napier, Saffron Vaults, Spark Savings, Stake DAO Yield, AUTOfinance, WOOFi Earn, and TermFinance Vaults.
How much trading volume does Pendle V2 process?
Pendle V2 processed $507.76m in DEX volume over the past 30 days.