Pendle

PENDLE#131DeFi Restaking Real-world assets Bitcoin Ethereum

Confirm official data

$1.77

-33.1%past year

Code is moving, $491K in fees this month, sources agree.

Code

94+ commits in 90 days from 15 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 3, 2026

pendle-finance · official site, DefiLlama, CoinGecko

Usage

$491K in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 5Nov 4

Revenue, 30d: $485K
TVL: $1.03B

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$1.78$1.78Agree

Supply174M174MAgree

Mcap$310M$310MAgree

Volume$60.6M$46.2M×1.31

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $310M of $501M is real

Selling everything at 2% a day would take 31 days.

Paper (all tokens)$501M

Market cap$310M

Real$310M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price.

Where it lives

2 tokens under its ticker that no list knows

Home contract: Ethereum 0x8085…a8279 official deployments

OfficialArbitrumPendle 0x0c88…c9e8$2.54M

HomeEthereumPendle 0x8085…a827$626K

OfficialBNB ChainPendle 0xb3Ed…D507$137Kclaims $633K

OfficialBasePendle 0xA99F…eb3E$21.3Kclaims $85.6K

UnknownSolanaPendle 2cWnZT…9Jam$14.2Kclaims $2.12B

UnknownCronosPendle 0x49c3…81D6$0claims $69K

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$34.5M in open futures, 11% of the market cap

Closing them all by force would take 3.5 days of 2% sell depth.

Funding, 8h: +0.01% · longs pay shorts
Futures volume: $27.8M · 0.5× the spot volume · open interest turned over 0.8×
Liquidated, 24h: longs $2.11K · shorts $0
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

3 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain