
What is Pendle?
PENDLE is the native token of the Pendle protocol. It is an ERC-20 token built on Ethereum.
Pendle is a unique automated market maker (AMM) built on top of existing protocols. Pendle is the first protocol to allow for trading tokenised future yield. With Pendle, holders of assets that generate yield can lock in future yield upfront, without underlying collateral.
When holders of yield-generating assets deposit their tokens on Pendle, the user mints ownership tokens (OT) and yield tokens (YT). Ownership tokens represent the underlying principal, while yield tokens can be used in 2 different ways: depositing YT to earn fees and selling YT.
Pendle (PENDLE) is the 229th largest cryptocurrency in the world by market cap, valued at $389,767,452. The current price of Pendle is $6.1353, which is 2.474% higher than yesterday. Prices have ranged between $6.6708 and $5.9517 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of March 27, 2024 07:03 UTC.
Recent Pendle developments
Pendle (PENDLE) price
Use our graph to track the performance of (PENDLE) over time.How we keep this Pendle guide up-to-date
- PENDLE price data is regularly updated through data feeds so you always have the latest information.
Pendle at a glance
Coin symbol | PENDLE |
---|---|
Coin Marketcap | AUD$389,767,452 |
Total PENDLE supply | 258,446,028 |
Circulating PENDLE | 96,950,723 |
Current price | AUD$6.1353 |
All time high | AUD$10.2051 |
All time high date | March 27, 2024 |
Notable team members | TN Lee, GT, YK and Vu |
Partnerships | BENQI, Trader Joe, Olympus Pro |
Industry | Automated Market Maker (AMM) |
Token uses | Liquidity, Governance |
Network | Ethereum |
Pendle price performance over time
Historical prices compared with the price of $6.1353.
1 hour | -1.63% |
---|---|
24 hours | 2.47% |
7 days | 66.39% |
14 days | 25.70% |
30 days | 45.42% |
---|---|
60 days | 69.45% |
200 days | 562.49% |
1 year | 1,109.79% |
Coins similar to Pendle
Disclaimer: Cryptocurrencies, including Pendle, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PENDLE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pendle or any other cryptocurrency discussed.
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