Pendle - Protocol Analytics

Explore Pendle, a Protocol with $1,215,080,144.00 in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.

PendlePE
Pendle
protocol

TVL

$1.215B

Volume (24h)

-
0.42% TVL dominance

Fees (24h)

-

Revenue (24h)

-
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About Pendle
Pendle splits yield‑bearing tokens into Principal (PT) and Yield (YT) tokens, enabling users to lock in fixed rates or speculate on future yield. A permissionless AMM with a custom logit bonding curve lets YT premiums track forward‑looking yield expectations. Pendle TVL grew 10× in 2024 on the back of LST and RWA integrations, and PENDLE governance now controls a large veToken bribe market.

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