Pendle Price Analysis and PENDLE Coin Overview

·

Live PENDLE Price Update

As of the latest data, the Pendle price stands at $3.36**, with a 24-hour trading volume of **$8,161,798. Over the past day, PENDLE has decreased by 3.15%, while the weekly performance shows a decline of 4.08%. The current market capitalization is $553,951,348, placing it at rank #90 in the global cryptocurrency market. The circulating supply is 164,714,031 PENDLE coins.

Compared to its all-time high, Pendle's price is down by 55.26%. Conversely, it remains significantly above its all-time low, with an increase of 57,679.71%.

All pricing information updates in real-time to reflect the most accurate market conditions.

Understanding the Pendle Protocol

Pendle is a decentralized trading protocol specializing in yield trading. Operating on both Ethereum and Avalanche blockchains, it utilizes a unique Automated Market Maker (AMM) system. The core innovation lies in its ability to separate yield-bearing assets into distinct components: yield and tokenized ownership.

This separation allows users to trade future yield streams, lock in yields upfront, and gain direct exposure to yield-generating opportunities—all without requiring collateral. Pendle enhances flexibility and profit potential by enabling unlimited yield trading transactions.

Supported yield protocols currently include Aave, Compound, Sushi, TraderJoe, and Benqi, with plans for further integrations.

How Pendle Works

Users begin by depositing yield-generating assets into the platform. The system then mints two token types: Ownership Tokens (OT) and Yield Tokens (YT). OTs represent underlying asset ownership, while YTs entitle holders to generated yields.

Trading occurs through Pendle’s AMM or on supported external protocols. Users can also provide liquidity by depositing OT and YT into pools, earning swap fees and additional incentives.

👉 Explore more strategies for yield optimization

Primary Use Cases of PENDLE Tokens

PENDLE serves as the utility token within the ecosystem. While governance features may be added later, its current functions include:

Behind the Project: Pendle’s Founding Team

Pendle was founded in late 2020 by TN Lee, an entrepreneur with extensive experience in cryptocurrency and blockchain development. The team comprises professionals specializing in blockchain technology, finance, and business operations, though detailed public information remains limited.

PENDLE Tokenomics and Distribution

The maximum supply of PENDLE is capped at 251 million tokens. Allocation is as follows:

Vesting schedules apply to team and investor allocations to promote market stability and long-term project alignment.

Frequently Asked Questions

What is Pendle used for?
Pendle enables decentralized yield trading by separating yield-bearing assets into tradable components. Users can speculate on future yields, lock in returns, and provide liquidity for fees.

How can I buy PENDLE tokens?
PENDLE is available on several major cryptocurrency exchanges. Always ensure you use a reputable platform and store tokens securely in a personal wallet.

What makes Pendle unique?
Its yield tokenization mechanism allows unprecedented flexibility in yield management and trading. Unlike traditional systems, it requires no collateral and supports multiple DeFi protocols.

Can I stake PENDLE?
Yes, staking PENDLE tokens allows you to earn rewards within the ecosystem, creating an additional income stream beyond trading.

Is Pendle secure?
As a decentralized protocol built on Ethereum and Avalanche, Pendle benefits from robust blockchain security. However, users should exercise caution and conduct due diligence when interacting with DeFi platforms.

What impacts Pendle’s price?
Factors include overall market trends, adoption rate of the protocol, changes in yield farming activity, and broader developments in the DeFi sector.