Pendle Price Today — Live PENDLE/USD Chart & Real-Time Market Data
Check the live Pendle (PENDLE) price in real time. Below you will find the current PENDLE/USD market data, 24-hour performance, trading volume and our AI-generated analysis — refreshed continuously from major exchanges.
Live Price
About Pendle (PENDLE)
Pendle (PENDLE) launched in 2021 as a decentralized protocol that lets users separate yield-bearing assets into principal and yield components, enabling them to be traded independently. Pendle was founded by an anonymous team operating under the "Pendle" name and has become the leading yield-trading protocol in DeFi. The protocol grew dramatically during the LST (liquid staking) and LRT (liquid restaking) booms in 2024, becoming one of the highest-TVL DeFi protocols. PENDLE is the governance token and is also used in vePENDLE, a vote-escrow staking system.
Pendle Technology
Pendle uses a custom AMM design optimized for yield trading, where users can deposit yield-bearing assets (like stETH or sUSDe) and receive Principal Tokens (PT) and Yield Tokens (YT). PT represents a claim on the principal at maturity (like a zero-coupon bond), while YT represents the right to all yield until maturity. Traders use these to lock in fixed yields, speculate on future yield rates, or build leveraged yield strategies. Pendle V2 added support for many more underlying assets and improved capital efficiency.
What Moves the PENDLE Price
PENDLE trades with high correlation to ETH and the broader liquid staking / restaking sector. Daily spot volume on Binance, Bybit, and OKX typically ranges from $30-80 million. Key drivers include LST/LRT TVL trends, EigenLayer narrative, individual pool launches and expirations, and broader DeFi yield market sentiment.
PENDLE Signal Performance (30 Days)
Recent Pendle Trading Signals
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Start Free →FAQ
What is the Pendle price today?
The current Pendle (PENDLE) price is shown above in real time. It is sourced directly from major exchanges and refreshed continuously throughout the day.
How often is the PENDLE price updated?
The PENDLE/USDT price on this page is streamed live from our market-data engine and updates every second while exchanges are open (24/7 for crypto).
Where can I buy Pendle?
Pendle (PENDLE) is available on major exchanges including Binance, Coinbase, Kraken and Bybit. Always do your own research and only use regulated platforms.
What does Pendle actually do?
Pendle lets you separate a yield-bearing asset into its principal and its future yield, then trade each piece independently. For example, you can deposit stETH and receive PT-stETH (locked principal) and YT-stETH (the right to all future yield until maturity). This enables fixed-income strategies and leveraged yield trades on-chain.
What is vePENDLE?
vePENDLE is a vote-escrow system where PENDLE holders lock their tokens for up to two years to receive vePENDLE. vePENDLE holders earn protocol fees, vote on which pools receive emissions, and receive boosted yields. Longer locks produce more vePENDLE, similar to Curve's veCRV system.
Why did Pendle grow during the EigenLayer era?
EigenLayer and liquid restaking tokens (LRTs) created complex multi-layered yield products. Pendle was the natural venue for trading these yields and locking in fixed APRs. As LRT TVL grew rapidly, Pendle became the go-to protocol for managing exposure to these new yield streams.