Pendle
PENDLE
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Pendle price
in EUR€4.157
-€0.20881 (-4.79%)
EUR
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Market cap
€701.06M #67
Circulating supply
168.73M / 281.53M
All-time high
€6.087
24h volume
€44.45M
3.7 / 5
About Pendle
Pendle (PENDLE) is a decentralized finance (DeFi) protocol that specializes in yield tokenization, allowing users to trade and optimize yield-generating assets. The platform enables the separation of yield from the underlying asset, creating two distinct tokens: Principal Tokens (PT) for fixed yield and Yield Tokens (YT) for variable yield exposure. This innovative approach lets users lock in fixed returns or speculate on future yield rates, making it a versatile tool for both conservative and active investors. Pendle has gained significant traction in the DeFi space, with its Total Value Locked (TVL) surpassing $10 billion, driven by integrations with major protocols like Aave, Ethena, and Morpho. Its ecosystem continues to expand with new products like Boros, a platform for trading funding rates, further solidifying Pendle's role as a cornerstone of DeFi's yield economy.
AI-generated
Pendle issuer risk
Please take all and any precaution and be advised that this crypto-asset is classified as a high-risk crypto-asset. This crypto-asset lacks a clearly identifiable issuer or/and an established project team, which increases or may increase its susceptibility to significant market risks, including but not limited to extreme volatility, low liquidity, or/and the potential for market abuse or price manipulation. There is no absolute guarantee of the value, stability, or the ability to sell this crypto-asset at preferred or desired prices.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Pendle’s price performance
Past year
--
--
3 months
+29.21%
€3.22
30 days
-9.07%
€4.57
7 days
-1.50%
€4.22
Pendle in the news
Almanak launched its alUSD stablecoin on Pendle today, offering a 1.25x multiplier on Almanak Points...
Ethena, Pendle, and Aave form a powerful DeFi yield engine. This article explores how they work together and how Hyperliquid could expand this system.
Pendle on socials
[ Why do MM with Wintermute! What is it! ]
I was thinking about how to effectively raise someone else's mind share over the weekend, and this quote came to mind?! I chose a total of 6 people, and
for the third pick, I will neatly summarize what pingsh wrote about Wintermute and Sonic!
===========
25.05.15 Sonic-Wintermute MM extension X
=> 3 million $S selling pressure from Wintermute
25.09.12 Announcement of MM re-signing with Sonic and Wintermute
What we gained from the re-signing are two things!
1. Confirmation of liquidity provision
2. Possibility of expanding the DeFi ecosystem
To be honest, I didn't really know what MM was.
I thought it was just a way to make profits while being all over the place, but of course, personal profit is important, but the core is 'providing liquidity'.
That's why when whales sell or buy, the price doesn't spike.
MM doesn't directly raise the price, but
if liquidity is solid, trading experiences improve, leading to increased trading volume and expanded demand, which creates the 'possibility' of an upward trend.
===========
Since May 15, the decline of $S has continued, and with the Sonic Chain event ending in June, liquidity has also decreased significantly.
Will this MM contract bring money back into Sonic?!
@SonicLabs Boom is coming -< $S
pingsh (✧ᴗ✧)
.@SonicLabs and Wintermute's MM contract
Background and timing of the contract renewal
- May 15, 2025: Sonic Labs does not renew the 5-year exclusive MM contract with Wintermute.
=> Wintermute sells 3 million $S tokens it held, creating a sell pressure of about $850,000.
- September 12, 2025: Sonic Labs announces the renewal of the MM contract with Wintermute.
------
What this means is,
1. Reconfirmation of liquidity provision
Wintermute is a global algorithmic market maker providing liquidity on centralized exchanges like Binance and Bybit.
2. Harmony with the expansion of the DeFi ecosystem
Sonic is rapidly expanding its ecosystem, deploying major DeFi protocols like Curve, Aave, and Pendle on its own chain, surpassing a TVL of $1 billion. Wintermute is also skilled in on-chain liquidity provision, and this contract is positively perceived in the market as it may extend support for DEX-based liquidity.
------
Therefore, I believe that the price of $S will trend upward in the long term, so if I receive the Season 1 airdrop, I might hold onto it for a while.
(There are talks about preferential treatment for $S token holders in the Season 2 airdrop, etc.)
$USDm and $hUSDe: Expanding the Ethena's Assets Multiverse
In just 3 weeks, Ethena's USDe supply has grown rapidly from $11B to $13.6B.
As I mentioned before, $USDe and $USDtb are not Standard YBS anymore
They are now infrastructure → The foundation of a new model: Stablecoin-as-a-Service (SaaS)
➥ USDm is the native stablecoin of MegaETH, built with @megaeth_labs and it’s backed by USDtb.
This is the first product in Ethena’s new line: Stablecoin-as-a-Service
SaaS lets any app or chain quickly launch a custom stablecoin using Ethena’s backend, with flexible support for both USDtb and USDe
➥ @ethena_labs also partnered with Liminal to launch hUSDe → a Hyperliquid-native synthetic dollar.
hUSDe is fully collateralized using Hypercore-native assets like delta-hedged Unit spot.
It follows the same transparency and risk frameworks as USDe
To sum up → Ethena will win
Jonaso
Ethena USDe ⥊ The Foundation Layer for Modular Yield
$USDe is hitting all-time highs daily, now surpassing $11.4B in supply
Over $800M in YBO yield has already been distributed to YBS holders → sUSDe alone accounts for 40% of all YPO, with $337M in total
USDe is not only about passive yield ⥊ USDe is becoming a core yield layer for the next generation of DeFi and as reserve collateral across the ecosystem ↓
➢ The architecture of yield: The Ethena YBS Stack
At its core, @ethena_labs USDe is a synthetic dollar backed by delta-neutral strategies, but its real power lies in how it's used, deployed, and leveraged across ecosystems
1. Base assets
▸ YBS on EVM → sUSDe
▸ YBS on @ton_blockchain → tsUSDe
2. Converge's native protocols
▸ @etherealdex USDe → eUSDe
▸ @Terminal_fi USDe → tUSDe
▸ @strata_money USDe → pUSDe
3. Partner's protocols
▸ @infiniFi_ USDe → iUSDe
▸ @re USDe → reUSDe
▸ @neutrl_labs USDe → NUSD
➢ A Yield Layer Integrated across defi: Where Yield Goes to Work
TON ecosystem ⥊ tsUSDe earns up to 20% APY through TON-native DeFi and non-custodial wallets like @tonkeeper & @mytonwallet_io
DEXs ⥊ USDe and its derivatives tradable across top-tier exchanges including Uniswap, Fluid, Curve and Merchant Moe
Money markets ⥊ supported by Morpho, Aave, Euler, Silo, and Fluid for lending and borrowing
Yield leverage ⥊ actively deployed in Pendle, Napier, Spectra, and other advanced yield strategies
→ It’s the reserve-backed base layer for the future of DeFi-native yield
Guides
Find out how to buy Pendle
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Pendle’s prices
How much will Pendle be worth over the next few years? Check out the community's thoughts and make your predictions.
View Pendle’s price history
Track your Pendle’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Pendle on OKX Learn
How Pendle's Expansion into TradFi and DeFi Proposals is Reshaping Financial Markets
Introduction: Bridging DeFi and TradFi The financial industry is undergoing a transformative evolution as decentralized finance (DeFi) protocols like Pendle bridge the gap between traditional finance
PEPE, AAVE, and PENDLE: Top Insights on Meme Coins, Whale Activity, and DeFi Innovations
Introduction to PEPE, AAVE, and PENDLE The cryptocurrency market continues to evolve, with tokens like PEPE , AAVE , and PENDLE capturing significant attention due to their unique characteristics and
Pendle TVL Market: Key Milestones, Innovations, and Growth Projections You Need to Know
Introduction to the Pendle TVL Market The decentralized finance (DeFi) ecosystem has experienced explosive growth, and Pendle Finance is emerging as a transformative force in the fixed-income sector.
USDe, Pendle, and Aave: Unlocking DeFi Yield Strategies You Need to Know
Introduction to USDe, Pendle, and Aave in DeFi The decentralized finance (DeFi) ecosystem is undergoing rapid transformation, with protocols like Pendle, Aave, and yield-generating stablecoins such as
Diversify your portfolio with over 60 euro trading pairs available on OKX
Pendle FAQ
Currently, one Pendle is worth €4.157. For answers and insight into Pendle's price action, you're in the right place. Explore the latest Pendle charts and trade responsibly with OKX.
Cryptocurrencies, such as Pendle, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Pendle have been created as well.
Check out our Pendle price prediction page to forecast future prices and determine your price targets.
Dive deeper into Pendle
Pendle is a yield-trading protocol that allows users to earn fixed or flexible yields.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Market cap
€701.06M #67
Circulating supply
168.73M / 281.53M
All-time high
€6.087
24h volume
€44.45M
3.7 / 5