What is Pendle?
PENDLEPendle is a protocol that splits yield-bearing tokens into principal and yield parts that can be traded separately.
The tokenPENDLE is the protocol's governance and incentive token.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 281.5 million PENDLE
- Total supply
- 281.5 million PENDLEin existence, locked or not
- Maximum supply
- None fixedno fixed maximum
- Issued or unlocked
- 84.5%outside the project's own wallets, of the tokens not burned
- Held in the project's disclosed wallets
- 15.5%43.65 million PENDLE
- Burned
- 0.1005 PENDLEsent to addresses that can never spend
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −43.8%daily closes
- Volatility, past year
- 92%annualised, daily log returns
- Deepest fall from a peak, past year
- −65.3%daily closes
- Below its all-time high
- −77.4%high of $6.99 on 10 Apr 2024
- Correlation with bitcoin
- 0.66daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.36its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Held by the project
15.5% of the total supply sits in wallets the project discloses as its own.
- Price swings
Its daily moves were 2.1x as large as bitcoin's over the past year (volatility 92% against 44%).
- Distance from the high
It trades 77% below its all-time high daily close of $6.99 (10 Apr 2024).
Questions
What is Pendle?
Pendle is a protocol that splits yield-bearing tokens into principal and yield parts that can be traded separately.
What is PENDLE used for?
PENDLE is the protocol's governance and incentive token.
Is Pendle's supply capped?
No fixed maximum (no fixed maximum); the total supply today is 281.5 million PENDLE.
Where is Pendle traded?
On 9 of the 11 exchanges we read: 7 list spot pairs against the dollar or a dollar stablecoin and 9 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update