PENDLE Live Price Overview
As of July 2, 2025, the Pendle (PENDLE) live price stands at $3.37**, with a 24-hour trading range between a low of **$3.26 and a high of $3.48**. The cryptocurrency has seen a slight decline of **-3.12%** over the past day, amid a broader market movement reflected in its **$553.94 million market capitalization. With a circulating supply of 164.71 million PENDLE tokens and a maximum supply capped at 281.53 million, PENDLE currently ranks #143 among global cryptocurrencies by market cap.
While the 24-hour trading volume is not publicly available at this time, ongoing interest in yield-focused DeFi protocols continues to support engagement with the Pendle ecosystem.
All-Time High and Low Performance
PENDLE reached its all-time high (ATH) of $7.50 on April 11, 2024—a peak driven by increased demand for structured yield products during a bullish DeFi cycle. This surge reflected growing recognition of Pendle’s innovative approach to yield tokenization and its expanding integration across major Ethereum-based liquidity layers.
Conversely, PENDLE hit its all-time low (ATL) of $0.03377729 on November 15, 2022, during one of the most challenging bear markets in crypto history. The collapse followed broader sector-wide declines triggered by macroeconomic pressures and major protocol failures earlier that year.
Since then, the asset has shown resilience, recovering steadily from early 2023 onward as investor confidence in sustainable yield mechanisms returned.
What Is Pendle?
Pendle is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that revolutionizes how users interact with yield-bearing assets. At its core, Pendle enables yield trading by allowing holders to tokenize and trade future yield streams independently from their principal.
The protocol achieves this through a unique mechanism: it splits yield-generating tokens into two distinct components:
- Principal Token (PT): Represents ownership of the underlying asset.
- Yield Token (YT): Represents the right to claim future yield accrued over a set period.
This separation allows users to either lock in predictable returns by selling YTs or gain leveraged exposure to yield without holding the base asset—making Pendle a powerful tool for both risk-averse investors and yield optimizers.
With an intuitive interface and support for leading DeFi assets like Lido stETH, Aave variable debt, and Curve LP positions, Pendle has become a go-to platform for advanced yield strategies.
Historical Price Movement of PENDLE
PENDLE launched on April 28, 2021, at an initial price of $1.80**. Within days, it climbed to **$2.45 by May 5, fueled by early adopter enthusiasm. However, like many assets during that volatile period, it quickly corrected—dropping to $0.53** on May 24 before rebounding to **$1.27 the following day.
Throughout mid-2021, PENDLE fluctuated between $0.60 and $1.14, struggling to maintain upward momentum. In July, it dipped to $0.31**, only to recover to **$1.27 by August 24. Another downturn followed, pushing prices down to $0.43 by October.
The extended bear market from late 2021 through 2022 weighed heavily on PENDLE, with prices hovering near $0.04 by June 2022—just above its eventual ATL.
A significant turnaround began in January 2023, when PENDLE rose from $0.04 to $0.09 within weeks. By February 20, it had doubled again to $0.18**, and by March, it reached **$0.33, marking its highest level in months and signaling renewed market interest.
Since then, steady protocol growth, improved tokenomics, and rising demand for structured yield products have contributed to its climb toward the current price of $3.37.
Core Use Cases of PENDLE Token
The PENDLE token serves as the native utility and governance asset within the Pendle ecosystem. Its primary functions include:
- Staking and vePENDLE: Users can stake PENDLE to receive vote-escrowed PENDLE (vePENDLE), which grants voting power in protocol decisions and access to boosted rewards.
- Governance Participation: vePENDLE holders can propose and vote on key upgrades, incentive allocations, and new market listings.
- Rewards Distribution: A portion of platform fees is distributed to vePENDLE stakers, incentivizing long-term commitment.
This model aligns user incentives with sustainable ecosystem growth—a hallmark of modern DeFi design.
PENDLE Tokenomics Breakdown
PENDLE has a maximum supply of 281.53 million tokens, with approximately 164.71 million currently in circulation as of mid-2025.
The original allocation was structured as follows:
- Circulating: 65.1%
- Ecosystem Fund: 19.2%
- Incentives: 10%
- Team (Vested): 5.7%
Team tokens were gradually released until April 2023, after which emissions shifted focus toward ecosystem development and user incentives.
Weekly emissions began at 667,705 PENDLE in October 2022 but are decreasing by 1.1% per week until April 2026. After that point, a stable annual inflation rate of 2% will be maintained to fund ongoing incentives—ensuring long-term sustainability without excessive dilution.
Users are encouraged to participate in governance to influence future adjustments based on evolving market conditions.
Who Founded Pendle?
Pendle was created by a team of anonymous developers operating under the pseudonyms TN Lee, GT, YK, and Vu. Despite their lack of public identities, the team has earned strong credibility through consistent execution, technical innovation, and transparent communication via community channels.
Their vision centers on unlocking liquidity in future yield streams—an idea that has since inspired similar models across the DeFi landscape.
How to Store PENDLE Safely
PENDLE is an ERC-20 token on Ethereum, making it compatible with any wallet that supports Ethereum-based assets. Recommended storage options include:
- Hardware wallets: Ledger or Trezor for maximum security.
- Software wallets: MetaMask, Trust Wallet, or Rabby Wallet for ease of use.
- Always verify contract addresses before transferring funds to avoid phishing scams.
For long-term holders, using a non-custodial wallet ensures full control over private keys and eliminates third-party risk.
Frequently Asked Questions (FAQ)
What is the current price of Pendle (PENDLE)?
As of July 2, 2025, the live price of Pendle (PENDLE) is $3.37. Over the past 24 hours, it has traded between $3.26 and $3.48.
What is the total supply of PENDLE?
PENDLE has a maximum supply of 281.53 million tokens, with around 164.71 million currently in circulation.
How does Pendle generate yield?
Pendle generates yield by allowing users to tokenize and trade future yield from assets like staked ETH or interest-bearing tokens. By separating yield from principal, users can sell future returns for upfront cash or buy them for pure yield exposure.
Can I stake PENDLE tokens?
Yes. By locking PENDLE tokens, users receive vePENDLE, which provides governance rights and access to reward boosts within the protocol.
Is Pendle built on Ethereum?
Yes, Pendle operates primarily on the Ethereum blockchain and supports various yield-bearing assets integrated into the broader DeFi ecosystem.
Is investing in PENDLE risky?
Like all cryptocurrencies, investing in PENDLE carries risk due to market volatility, regulatory uncertainty, and smart contract exposure. While its innovative model shows promise, thorough research and risk assessment are essential before investing.
👉 Stay ahead of market trends with real-time analytics—start exploring now.