Live Price Summary and Market Data
As of the latest data, Pendle (PENDLE) is trading at $3.37. The 24-hour trading volume is currently undisclosed, while the market capitalization stands at approximately $553.94 million. Over the past day, the token experienced a decline of 3.12%, with prices fluctuating between a low of $3.26 and a high of $3.48. With a circulating supply of 164.71 million tokens and a maximum supply of 281.53 million, PENDLE holds the 143rd position in global cryptocurrency rankings by market cap.
Historical Price Performance
All-Time High and Low
PENDLE reached its highest recorded price of $7.50 on April 11, 2024. Conversely, the token hit its all-time low of $0.03377729 on November 15, 2022. These milestones provide important context for understanding its volatility and growth potential.
Price History Overview
PENDLE launched on April 28, 2021, with an initial price of $1.80. Shortly after, on May 5, it peaked at $2.45 before experiencing a significant correction. By late May 2021, the token had dropped to $0.53, though it quickly rebounded to $1.27 the following day. Throughout mid-2021, PENDLE traded between $0.60 and $1.14, followed by a gradual decline to $0.31 in July. A recovery to $1.27 occurred on August 24, but another drop to $0.43 followed shortly after.
October 2021 marked the last time PENDLE approached the $1.00 threshold before entering a prolonged bear market. The downward trend intensified in early 2022, with the Terra LUNA crash in May further accelerating the decline. By June 2022, PENDLE found support at approximately $0.04, where it remained with minimal fluctuation for the rest of the year.
A recovery began in mid-January 2023, with the price climbing from $0.04 to $0.09. By February 20, it had doubled to $0.18 and continued rising to $0.33 by mid-March—the highest value in several months.
What Is Pendle?
Pendle is a decentralized finance (DeFi) yield trading protocol operating on the Ethereum blockchain. It enables holders of yield-generating assets to secure future yield in advance through automated yield farming strategies. The platform offers an accessible, secure, and user-friendly environment for capitalizing on high-yield returns with minimal effort.
A key innovation of Pendle is the separation of yield-generating tokens into two distinct components: Principal Tokens (PT) and Yield Tokens (YT). PT represents the underlying principal value, while YT embodies the future earnings potential of the asset. This allows users to sell YT for immediate income or acquire it for pure yield exposure.
Utility of the PENDLE Token
PENDLE serves as the native utility token of the Pendle Finance ecosystem. Users who stake PENDLE receive vote-escrowed PENDLE (vePENDLE) in return. vePENDLE holders gain access to enhanced platform features, including reward distributions and governance participation. This staking mechanism aligns long-term token holders with the protocol’s growth and sustainability.
Tokenomics and Supply Distribution
PENDLE has a total and maximum supply of 231,725,335 tokens. The circulating supply is approximately 97 million, with a 24-hour trading volume often exceeding $1 million.
The token distribution is structured as follows:
- Circulating Supply: 65.1%
- Ecosystem Fund: 19.2%
- Incentives: 10%
- Team (Vested): 5.7%
Team tokens were subject to a vesting schedule until April 2023. Post-vesting, the circulating supply is gradually increased through incentives and ecosystem development initiatives. As of October 2022, weekly emissions stood at 667,705 tokens, decreasing by 1.1% weekly until April 2026. Thereafter, a sustainable annual inflation rate of 2% will be implemented solely for incentive purposes. Governance participants can propose adjustments to these parameters as the ecosystem evolves.
Founding Team
Pendle was founded by a group of anonymous developers using the pseudonyms TN Lee, GT, YK, and Vu. This approach is common in the DeFi space, where teams often prioritize privacy and protocol integrity over public recognition.
Storage and Security
PENDLE tokens can be stored in compatible non-custodial wallets such as Trust Wallet. The list of supported wallets continues to expand as the ecosystem grows. For enhanced security, users are encouraged to explore more storage strategies that include hardware wallets and multi-signature solutions.
Frequently Asked Questions
What is the current price of Pendle?
As of the latest update, Pendle is trading at $3.37. The 24-hour price range has been between $3.26 and $3.48, with a market capitalization of $553.94 million.
How do I invest in Pendle?
Investing in Pendle requires thorough research into its market behavior, tokenomics, and associated risks. After evaluating these factors, you can acquire PENDLE through reputable cryptocurrency exchanges. Always ensure you use secure storage solutions for long-term holdings.
Where can I buy Pendle?
PENDLE is available on several major cryptocurrency exchanges. When selecting a platform, consider security, fees, liquidity, and user experience. You can discover reliable trading platforms that support PENDLE trading pairs.
Is Pendle a good investment?
Like all cryptocurrencies, Pendle carries inherent risks and volatility. Its value is influenced by market sentiment, protocol adoption, and broader DeFi trends. While it has shown significant growth from its all-time low, prospective investors should perform due diligence and consider their risk tolerance before investing.
What is the total supply of PENDLE?
The maximum supply of PENDLE is capped at 281.53 million tokens, with approximately 164.71 million currently in circulation. The emission rate and circulating supply are subject to change based on network incentives and governance decisions.
How does Pendle’s yield mechanism work?
Pendle allows users to tokenize and trade future yield from yield-bearing assets. By separating principal and yield components, it creates a flexible market for yield speculation and hedging, offering innovative strategies for DeFi participants.