Pendle

Pendle
PENDLE
Contract address
0x8085...8da827
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$1.16
-$0.036(-3.10%)Today
Market cap
192.65M
Total volume (24h)
21.34M
Volume / Market cap
0.1108
Circulating supply
165.82M
Day range (24h)
$1.15$1.21
All-time low
$0.0338
All-time high
$7.50

About Pendle (PENDLE)

Pendle Protocol is a decentralized finance (DeFi) platform, launched in July 2021 by lead developers Josh and Tong. Pendle’s core focus is the tokenization and trading of yield from yield-bearing assets. Its native cryptocurrency is called PENDLE, an ERC-20 token that is compatible with the Ethereum ecosystem. 
To participate in the platform, you must lock up your PENDLE token(s) for a period of up to 24 months. You will then receive vePENDLE,  aka vote-escrowed PENDLE. 
Pendle Protocol offers incentives for holding vePENDLE, such as: increased yield with up to 250% rewards; a share of protocol fees and revenue; voting power—the longer your lock period the more power you have.
The main use case for PENDLE token are participating in governance, earning rewards, and paying platform fees. Holders of PENDLE are predominantly active DeFi traders and community-driven crypto enthusiasts.

Price history

Today (March 28, 2026)$1.16-3.10%
24 hours ago (March 27, 2026)$1.20-3.10%
1 week ago (March 21, 2026)$1.27-8.49%
1 month ago (February 26, 2026)$1.30-10.47%
1 year ago (March 28, 2025)$2.89-59.88%

Calculator

PENDLE market moves

AI summary for information only. Not financial advice.


24h change: -5.28%. From $1.22 to $1.16.

  • Pendle has introduced sPENDLE, retiring the vePENDLE system's multi-year lockups for a liquid staking option with a 14-day withdrawal period. This upgrade includes protocol buybacks and optimized emissions to boost liquidity. It enhances user access to fixed yield trading across DeFi protocols.
  • Pendle provides fixed-to-floating yield swaps, enabling users to lock in returns despite market volatility. Aave and Ethena founders note this as part of crypto finance maturing toward traditional models. It positions Pendle as a key player in on-chain fixed income.
  • Pendle token price fell 5.5% in 24 hours to $1.20, underperforming broader market trends. This follows recent volatility with mixed technical signals. Trading volume remains active around key support levels.

24h change: -7.15%. From $1.29 to $1.20.

  • Pendle launched sPENDLE, retiring the vePENDLE model with its multi-year lockups in favor of liquid staking and revenue-sharing rewards with a 14-day withdrawal period. This change boosts capital efficiency and user flexibility in the yield trading platform. The update has drawn community discussion on evolving DeFi tokenomics.

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