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Pendle

Pendle PENDLE Price $ 2.85

Rank: 230

1839 Watchlists

DeFi

PENDLE Price

2.85
3.30%
($ 0.091)
Price Range
LowHigh
$ 2.66$ 2.92

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield.

Pendle (PENDLE) Chart

The Pendle to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

PENDLE to USD Converter

Pendle (PENDLE)PENDLE

IDO

28 Apr — 28 Apr 2021

Raised

$11.83M

Price:

$ 0.797

ROI:

3.57x  +257%

Platform:

N/A

ATH ROI:

4.23x  +323.3%

PENDLE Price Statistics

leaderboard

Market Cap

$ 275.87M

FDMC

$ 735.40M

ATH Market Cap

$ 327.14M

24 Trade Vol.

$ 34.74M


Vol. (24h) / MCap

0.126

Max Supply

PENDLE 258,446,028

Total Supply

PENDLE 258,446,028

Circulating Supply

PENDLE 96.95M

(37.5% of Max Supply)

Listing Date

28 Apr 2021

IDO Price

$ 0.797

28 Apr 2021

IDO ROI

257%

3.57x

All Time High

$ 3.37

10 Feb 2024


All Time Low

$ 0.0336

14 Nov 2022


From ATH

15.7%

From ATL

8,367%

Pendle Price Analysis

What is Pendle (PENDLE)?

Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies.

There are 3 main parts to fully understand Pendle:

  1. Yield Tokenization

    First, Pendle wrap yield-bearing tokens into SY(standardized yield tokens), which is a wrapped version of the underlying yield-bearing token that is compatible with the Pendle AMM (e.g. stETH → SY-stETH). SY is then split into its principal and yield components, PT (principal token) and YT (yield token) respectively, this process is termed as yield-tokenization, where the yield is tokenized into a separate token.

  2. Pendle AMM

    Both PT and YT can be traded via Pendle’s AMM. Even though this is the core engine of Pendle, understanding of the AMM is not required to trade PT and YT.

  3. vePENDLE

    As a yield derivative protocol, we are bringing the TradFi interest derivative market into DeFi, making it accessible to all.

    By creating a yield market in DeFi, Pendle unlocks the full potential of yield, enabling users to execute advanced yield strategies, such as:

    1. Fixed yield (e.g. earn fixed yield on stETH)

    2. Long yield (e.g. bet on stETH yield going up by purchasing more yield)

    3. Earn more yield without additional risks (e.g. provide liquidity with your stETH)

    4. A mix of any of the above strategies

Pendle Price Today

Pendle's current price is $ 2.85, it has increased +3.3% over the past 24 hours.

Pendle's All Time High (ATH) of $ 3.37 was reached on 10 Feb 2024, and is currently -15.7% down.

The current circulating supply of Pendle is 96.95 Million tokens, and the maximum supply of Pendle is 258.45 Million.

Pendle’s 24 hour trading volume is $ 34.74 Million.

Pendle's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 275.87 Million.

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