Pendle
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Pendle moved from $1.54 to $1.48. The session high was $1.55, the low was $1.44, and the intraday range was $0.111 / 7.2%.
- 24h open
- $1.54
- 24h close
- $1.48
- 24h high
- $1.55
- 24h low
- $1.44
- Volatility / range
- $0.111 / 7.2%
- Updated
Monthly Returns heatmap
Heatmap summary
Pendle posted 17 positive months out of 37. The longest positive streak lasted 7 months, while the longest negative streak lasted 7 months.
- Strongest month
- Jan 2024 +115.3%
- Weakest month
- Jul 2024 -31.7%
- Longest positive streak
- 7 Sep 2023 — Mar 2024
- Longest negative streak
- 7 Sep 2025 — Mar 2026
- Luckiest calendar month
- Jan • avg 25.6% • 3 mo.
- Unluckiest calendar month
- Jun • avg -11.8% • 3 mo.
Networks
Supported exchanges
About the coin
Pendle is a decentralized finance (DeFi) protocol that introduces a novel approach to yield-generating assets. It allows users to speculate on, or hedge against, future yield movements. The core innovation of Pendle lies in its ability to tokenize future yield, separating it from the underlying principal asset.
This separation creates two distinct tokens: a Principal Token (PT) and a Yield Token (YT). The Principal Token represents the right to the underlying asset at maturity, while the Yield Token represents the right to the yield generated by that asset until maturity. This structure enables sophisticated yield management strategies.
Users can acquire PTs to gain exposure to the underlying asset without the associated yield risk. Conversely, YT holders can benefit from anticipated yield increases or hedge against yield decreases. The protocol operates on a pool-based system, facilitating the exchange and management of these tokenized yield assets.
Pendle's architecture is designed to be flexible and adaptable to various DeFi ecosystems. It supports multiple blockchain networks, enhancing its accessibility and reach. Currently, Pendle operates on Ethereum, Arbitrum One, and BNB Smart Chain, offering users options based on their preferred network and transaction costs.
The PENDLE token is the native utility and governance token of the Pendle ecosystem. It plays a crucial role in incentivizing network participants and allowing them to influence the protocol's future development through voting mechanisms.
Key features of the Pendle protocol include:
- Tokenization of Future Yield: Enables the separation and trading of yield components.
- Dual Token System: PT and YT tokens offer distinct investment and hedging opportunities.
- Yield Management Strategies: Supports speculation on yield changes and hedging against volatility.
- Multi-Chain Support: Operates on Ethereum, Arbitrum One, and BNB Smart Chain.
- Governance and Utility Token: PENDLE facilitates network participation and decision-making.
The protocol's design caters to a range of users, from those seeking to optimize their yield-bearing assets to those looking to hedge against market uncertainties in the DeFi space.
By offering a unique way to interact with yield, Pendle aims to unlock new possibilities for capital efficiency and risk management within decentralized finance.
The contract addresses for the PENDLE token are available on the supported chains, allowing users and developers to interact with the token directly.
On Ethereum, the PENDLE token is an ERC-20 token with contract address: 0x808507121b80c02388fad14726482e061b8da827.
On Arbitrum One, the PENDLE token is an ERC-20 token with contract address: 0x0c880f6761f1af8d9aa9c466984b80dab9a8c9e8.
On BNB Smart Chain, the PENDLE token is a BEP-20 token with contract address: 0xb3ed0a426155b79b898849803e3b36552f7ed507.
This multi-chain deployment strategy ensures broader accessibility and integration with different DeFi ecosystems.
Pendle's innovative approach to yield markets represents a significant development in the DeFi landscape, offering tools for more dynamic and strategic engagement with interest rate products.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the PENDLEUSDT market feed.
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