Total Value Locked$1.245b
TVL by Chain
Ethereum$691.83m
Monad$211.61m
Arbitrum$148.7m
Plasma$74.07m
X Layer$69.22m
Hyperliquid L1$36.49m
BSC$7.55m
Base$3.88m
Robinhood Chain$617,228.6
Sonic$607,554.02
Avalanche$45,335.51
Mantle$39,286.69
Berachain$7,501.57
OP Mainnet$0
Key Metrics
Fees 30d$591,537
Fees 30d by chain
Ethereum$477,803
Monad$37,474
Plasma$35,647
Arbitrum$32,590
Hyperliquid L1$3,998.41
BSC$2,627.14
Base$1,195.46
X Layer$133.56
Robinhood Chain$36.34
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Fees 7d$69,543
Ethereum$50,330
Monad$7,354
Plasma$5,855
Arbitrum$4,730
Hyperliquid L1$879
Base$222.52
X Layer$107.93
Robinhood Chain$36.34
BSC$27.78
Sonic$0.83
Berachain$0
Mantle$0
OP Mainnet$0
Fees 24h$7,936
Ethereum$6,571
Monad$616
Arbitrum$321
Hyperliquid L1$289
Plasma$126
BSC$4.88
Base$4.08
Robinhood Chain$3.11
X Layer$1.34
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$512,462.59
Hyperliquid L1$322,258.3
Sonic$147,084.25
Monad$92,920
OP Mainnet$24,365.44
X Layer$133.56
Robinhood Chain$36.34
Revenue 30d$581,570
Revenue 30d by chain
Ethereum$469,410
Monad$36,595
Plasma$35,566
Arbitrum$32,180
Hyperliquid L1$3,904.18
BSC$2,617.77
Base$1,108.78
X Layer$122.52
Robinhood Chain$34.08
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Revenue 7d$68,443
Ethereum$49,486
Monad$7,261
Plasma$5,829
Arbitrum$4,636
Hyperliquid L1$873
Base$197.99
X Layer$99.82
Robinhood Chain$34.08
BSC$26.79
Sonic$0.83
Berachain$0
Mantle$0
OP Mainnet$0
Revenue 24h$8,144
Ethereum$6,839
Monad$589
Hyperliquid L1$295
Arbitrum$284
Plasma$125
BSC$4.8
Base$3.67
Robinhood Chain$2.4
X Layer$1.07
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$63.93m
Ethereum$52.09m
Arbitrum$5.44m
Plasma$1.81m
Berachain$1.48m
BSC$1.36m
Mantle$841,562.22
Base$441,961.03
Hyperliquid L1$210,061.8
Sonic$133,632.54
Monad$90,355
OP Mainnet$24,240.44
X Layer$122.52
Robinhood Chain$34.08
Holders Revenue 30d$464,946
Holders Revenue 30d by chain
Ethereum$375,193
Monad$29,292
Plasma$28,454
Arbitrum$25,756
Hyperliquid L1$3,119.47
BSC$2,094.11
Base$885.84
X Layer$98.02
Robinhood Chain$26.84
Mantle$12
Berachain$9.46
Sonic$3.85
OP Mainnet$0.22
Holders Revenue 7d$54,448
Ethereum$39,257
Monad$5,823
Plasma$4,662
Arbitrum$3,724
Hyperliquid L1$694
Base$158.8
X Layer$79.66
Robinhood Chain$26.84
BSC$21.32
Sonic$0.66
Berachain$0
Mantle$0
OP Mainnet$0
Holders Revenue 24h$6,211
Ethereum$5,139
Monad$486
Arbitrum$245
Hyperliquid L1$231
Plasma$100
BSC$3.84
Base$3.13
Robinhood Chain$2
X Layer$0.86
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$411,726.58
Hyperliquid L1$168,045.26
Sonic$129,131.44
Monad$72,298
OP Mainnet$19,975.48
X Layer$98.02
Robinhood Chain$26.84
DEX Volume 30d$509.19m
DEX Volume 30d by chain
Ethereum$324.79m
Monad$108.78m
Arbitrum$28.23m
Plasma$24.81m
Hyperliquid L1$17.47m
BSC$2.73m
X Layer$1.35m
Robinhood Chain$763,622
Base$270,289.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$88.24m
Ethereum$51.49m
Monad$14.92m
Plasma$11.16m
Arbitrum$5.97m
Hyperliquid L1$2.84m
X Layer$1.1m
Robinhood Chain$642,834
BSC$68,945
Base$58,669
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$9.67m
Ethereum$7.75m
Arbitrum$563,271
Monad$496,989
Plasma$450,081
Hyperliquid L1$287,560
Robinhood Chain$96,049
X Layer$17,094
Base$1,607
BSC$1,529
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.987b
Ethereum$51.517b
Arbitrum$3.138b
BSC$1.581b
Mantle$303.09m
Monad$214.29m
Plasma$193.11m
Hyperliquid L1$23.33m
Base$16.41m
X Layer$1.35m
Robinhood Chain$763,622
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$236.15m
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 APY9.65%
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 $1.245b in total value locked. TVL has increased 5.5% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Avalanche, Ethereum, Monad, Robinhood Chain, and X Layer and 9 others. Ethereum holds the largest share at 55.6%.
How much has Pendle V2 generated in fees and revenue?
Over the past 30 days, Pendle V2 generated $591,537 in fees. Of that, $581,570 was protocol revenue. Based on the trailing year, the annualized rate is $19.06m in fees and $18.56m 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 $4.637b across 585 protocols, and Pendle V2 accounts for 26.8% 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 $509.19m in DEX volume over the past 30 days.