Pendle (PENDLE) is trading at $3.37** today, reflecting a **5.90% decline** over the past 24 hours. With a market capitalization of **$555.36 million and a 24-hour trading volume of $43.15 million, Pendle continues to hold a notable position in the decentralized finance (DeFi) ecosystem. This article provides an in-depth look at Pendle’s current price action, historical performance, supply metrics, and market context — all optimized for clarity, SEO, and reader engagement.
Pendle Price Overview (2025)
As of the latest update, Pendle's key metrics are:
- Current Price: $3.37
- 24-Hour Change: -5.90%
- Market Cap: $555.36M
- Trading Volume (24h): $43.15M
- Volume-to-Market Cap Ratio: 0.0777
- Circulating Supply: 164.64M PENDLE
- 24-Hour Range: $3.35 – $3.62
- All-Time High: $7.50
- All-Time Low: $0.03
Despite today’s dip, Pendle remains one of the more resilient yield-focused tokens in the current market cycle, backed by growing protocol revenue and strategic integrations across major DeFi platforms.
Historical Price Performance
Pendle has experienced significant volatility over the past year, influenced by broader crypto market trends and its unique role in yield tokenization.
| Date | Price | Change from Today |
|---|---|---|
| Today | $3.37 | — |
| 24 Hours Ago | $3.58 | -5.90% |
| 1 Week Ago | $3.45 | -2.36% |
| 1 Month Ago | $4.34 | -22.38% |
| 1 Year Ago | $4.06 | -17.08% |
While Pendle reached its peak near $7.50 during the DeFi summer surge, it has since settled into a consolidation phase. The recent drop from $4.34 to $3.37 over the last month suggests short-term bearish pressure, possibly due to profit-taking or broader market corrections.
However, the long-term fundamentals remain strong, especially as more users adopt yield-tranching strategies that Pendle specializes in.
What Is Pendle?
Pendle is a yield-trading protocol built on Ethereum and multiple Layer 2 networks. It allows users to tokenize future yield streams from assets like staked ETH, Aave deposits, or liquidity provider positions — effectively enabling them to "sell" future yield for upfront capital or speculate on yield movements.
This innovative model has attracted institutional and retail interest alike, positioning Pendle at the forefront of the real-world asset (RWA) and structured products trend in DeFi.
Core use cases include:
- Yield sellers: Lock up yield-generating positions to receive liquidity now.
- Yield buyers: Acquire discounted future yields for higher effective returns.
- Traders: Speculate on interest rate movements without owning underlying assets.
Market Context: Where Does Pendle Stand?
With a market cap just over half a billion dollars, Pendle competes with other mid-tier DeFi protocols focused on yield optimization and financial derivatives.
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- Raydium
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These projects share comparable valuations but differ significantly in utility. Unlike gaming or metaverse tokens, Pendle offers tangible cash flows through its fee structure and active user base.
📈 Trending Cryptocurrencies (24h)
While Pendle isn’t among the top gainers today, several DeFi-related tokens like Premia, Vesper, and Ribbon Finance are seeing momentum — reinforcing investor interest in structured financial products.
Key Metrics Explained
Understanding Pendle’s valuation requires looking beyond price alone.
Circulating Supply & Inflation
With 164.64 million PENDLE in circulation, the token maintains a relatively balanced issuance schedule. The protocol uses emissions strategically to incentivize liquidity and governance participation.
Volume-to-Market Cap Ratio
At 0.0777, this ratio indicates moderate trading activity relative to its size — typical for niche DeFi protocols with dedicated user bases rather than speculative retail frenzies.
Price Range & Volatility
The 24-hour low of $3.35** and high of **$3.62 suggest tight intraday movement despite the overall decline — a sign of stabilizing sentiment amid broader market uncertainty.
Frequently Asked Questions (FAQ)
Q: What factors influence Pendle’s price?
Pendle’s value is driven by protocol revenue, total value locked (TVL), integration with major DeFi platforms (like Arbitrum and Optimism), and overall demand for yield-trading instruments.
Q: Is Pendle a good long-term investment?
Many analysts view Pendle favorably due to its first-mover advantage in yield tokenization and recurring revenue model. However, like all DeFi assets, it carries smart contract and regulatory risks.
Q: Can I stake PENDLE tokens?
Yes, PENDLE holders can stake their tokens to participate in governance and earn rewards from protocol fees. Staking enhances yield strategies within the ecosystem.
Q: On which blockchains does Pendle operate?
Pendle is available on Ethereum, Arbitrum, Optimism, Base, and Blast — maximizing accessibility and reducing transaction costs for users.
Q: How does Pendle generate revenue?
Fees are collected from yield swaps and auction mechanisms within the protocol. A portion is distributed to stakers, creating a sustainable economic loop.
Future Outlook and Catalysts
Several upcoming developments could reignite bullish momentum for PENDLE:
- New Chain Integrations: Expansion into emerging Layer 1 ecosystems.
- Institutional Adoption: Growing interest from hedge funds and structured product desks.
- Protocol Upgrades: Enhanced user interface and deeper liquidity pools.
- Partnerships with RWA Platforms: Bridging traditional finance yields into DeFi via tokenized bonds or treasury strategies.
Given its niche yet scalable product offering, Pendle is well-positioned to benefit from the next wave of DeFi innovation focused on efficiency, risk management, and capital optimization.
Final Thoughts
Pendle’s current price of $3.37 reflects short-term market headwinds, but its underlying technology and adoption trajectory remain robust. As the demand for yield optimization grows — especially in low-interest-rate environments — protocols like Pendle become increasingly vital infrastructure in the decentralized economy.
Whether you're a yield farmer, trader, or long-term investor, monitoring Pendle’s performance offers valuable insights into the evolving landscape of financial engineering in Web3.