Total Value Locked$1.235b
TVL by Chain
Ethereum$686.89m
Monad$211.8m
Arbitrum$149.67m
X Layer$70.06m
Plasma$68.45m
Hyperliquid L1$35.1m
BSC$7.46m
Base$3.77m
Robinhood Chain$699,849.47
Sonic$600,598.89
Avalanche$45,267.7
Mantle$37,400.65
Berachain$7,411.38
OP Mainnet$0
Key Metrics
Fees 30d$591,614
Fees 30d by chain
Ethereum$477,642
Monad$37,694
Plasma$35,647
Arbitrum$32,603
Hyperliquid L1$4,002.41
BSC$2,627.15
Base$1,195.75
X Layer$133.55
Robinhood Chain$36.37
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Fees 7d$69,620
Ethereum$50,169
Monad$7,574
Plasma$5,855
Arbitrum$4,743
Hyperliquid L1$883
Base$222.81
X Layer$107.92
Robinhood Chain$36.37
BSC$27.79
Sonic$0.83
Berachain$0
Mantle$0
OP Mainnet$0
Fees 24h$11,018
Ethereum$7,342
Monad$2,040
Arbitrum$791
Plasma$722
Hyperliquid L1$81
Base$36
BSC$4.3
X Layer$0.84
Robinhood Chain$0.31
Sonic$0.17
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Fees$66.6m
Ethereum$54.21m
Arbitrum$5.66m
Plasma$1.88m
Berachain$1.49m
BSC$1.41m
Mantle$844,219.8
Base$512,498.88
Hyperliquid L1$322,343.3
Sonic$147,084.42
Monad$95,180
OP Mainnet$24,365.44
X Layer$134.39
Robinhood Chain$36.68
Revenue 30d$581,259
Revenue 30d by chain
Ethereum$468,827
Monad$36,834
Plasma$35,566
Arbitrum$32,215
Hyperliquid L1$3,901.18
BSC$2,617.77
Base$1,109.31
X Layer$122.52
Robinhood Chain$34.21
Mantle$15
Berachain$12.07
Sonic$4.83
OP Mainnet$0.28
Revenue 7d$68,132
Ethereum$48,903
Monad$7,500
Plasma$5,829
Arbitrum$4,671
Hyperliquid L1$870
Base$198.52
X Layer$99.82
Robinhood Chain$34.21
BSC$26.79
Sonic$0.83
Berachain$0
Mantle$0
OP Mainnet$0
Revenue 24h$10,818
Ethereum$7,197
Monad$2,017
Arbitrum$771
Plasma$720
Hyperliquid L1$79
Base$29
BSC$4.29
X Layer$0.69
Robinhood Chain$0.26
Sonic$0.17
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Revenue$63.94m
Ethereum$52.1m
Arbitrum$5.44m
Plasma$1.81m
Berachain$1.48m
BSC$1.36m
Mantle$841,562.22
Base$441,990.56
Hyperliquid L1$210,137.8
Sonic$133,632.71
Monad$92,611
OP Mainnet$24,240.44
X Layer$123.21
Robinhood Chain$34.47
Holders Revenue 30d$465,001
Holders Revenue 30d by chain
Ethereum$375,059
Monad$29,468
Plasma$28,454
Arbitrum$25,766
Hyperliquid L1$3,122.47
BSC$2,094.11
Base$886.07
X Layer$98.02
Robinhood Chain$26.86
Mantle$12
Berachain$9.46
Sonic$3.85
OP Mainnet$0.22
Holders Revenue 7d$54,503
Ethereum$39,123
Monad$5,999
Plasma$4,662
Arbitrum$3,734
Hyperliquid L1$697
Base$159.03
X Layer$79.66
Robinhood Chain$26.86
BSC$21.32
Sonic$0.66
Berachain$0
Mantle$0
OP Mainnet$0
Holders Revenue 24h$8,654
Ethereum$5,757
Monad$1,613
Arbitrum$617
Plasma$576
Hyperliquid L1$63
Base$24
BSC$3.43
X Layer$0.55
Robinhood Chain$0.21
Sonic$0.13
Berachain$0
Mantle$0
OP Mainnet$0
Cumulative Holders Revenue$56.36m
Ethereum$46.24m
Arbitrum$4.57m
Berachain$1.47m
Plasma$1.45m
BSC$1.12m
Mantle$702,628.1
Base$411,750.81
Hyperliquid L1$168,111.26
Sonic$129,131.57
Monad$74,087
OP Mainnet$19,975.48
X Layer$98.57
Robinhood Chain$27.07
DEX Volume 30d$509.24m
DEX Volume 30d by chain
Ethereum$324.76m
Monad$108.83m
Arbitrum$28.26m
Plasma$24.81m
Hyperliquid L1$17.47m
BSC$2.73m
X Layer$1.35m
Robinhood Chain$763,610
Base$270,289.05
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 7d$88.29m
Ethereum$51.45m
Monad$14.97m
Plasma$11.16m
Arbitrum$5.99m
Hyperliquid L1$2.84m
X Layer$1.1m
Robinhood Chain$642,822
BSC$68,945
Base$58,669
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
DEX Volume 24h$11.97m
Ethereum$6.88m
Arbitrum$1.9m
Monad$1.43m
Plasma$1.22m
Hyperliquid L1$300,155
Robinhood Chain$211,070
Base$11,784
X Layer$9,071
BSC$200
Berachain$0
Mantle$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$56.999b
Ethereum$51.523b
Arbitrum$3.14b
BSC$1.581b
Mantle$303.09m
Monad$215.77m
Plasma$194.33m
Hyperliquid L1$23.64m
Base$16.42m
X Layer$1.36m
Robinhood Chain$974,680
OP Mainnet$158,370
Berachain$0
Sonic$0
Staked$227.23m
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 APY9.63%
User Activity
Active Addresses (24h)437
New Addresses (24h)61
Transactions (24h)759
Gas Used (24h)0.16 ETH
Gas Cost (24h)$395
Competitors
Frequently Asked Questions
What is Pendle V2's TVL?
Pendle V2 currently has $1.235b in total value locked. TVL has increased 4.7% over the past 30 days.
What chains does Pendle V2 operate on?
Pendle V2 operates on 14 chains: Ethereum, Monad, Arbitrum, X Layer, and Plasma 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 $591,614 in fees. Of that, $581,259 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 $4.564b across 585 protocols, and Pendle V2 accounts for 27% 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 $509.24m in DEX volume over the past 30 days.