Pendle (PENDLE) has emerged as a compelling player in the decentralized finance (DeFi) ecosystem, offering innovative solutions for yield tokenization and interest rate markets. Built on the Ethereum blockchain, Pendle enables users to tokenize future yield streams and trade them efficiently. This article provides a comprehensive look at Pendle’s current price dynamics, market performance, technical indicators, and long-term investment outlook—delivering valuable insights for both new and experienced crypto participants.
Current Pendle (PENDLE) Price & Market Overview
As of the latest data, Pendle (PENDLE) is trading at $3.38 USD**, reflecting a **-6.80% decline** over the past 24 hours. The cryptocurrency has a 24-hour trading volume of **$35,462,857, indicating strong market activity despite recent price corrections. Today's opening price was $3.52, meaning PENDLE has seen a -3.97% drop since market open.
While the price briefly rebounded to $3.56, momentum stalled, suggesting short-term resistance. Compared to its all-time high of **$7.12, Pendle is currently trading 52.49% below peak levels. Over the past 30 days, PENDLE reached a high of $4.54 and a low of $3.11—representing a -25.63% decrease from its recent peak and an 8.44% increase** from its recent low.
Pendle holds a circulating supply of 159,085,260 PENDLE tokens, ranking it around position #100 by market capitalization. With a current market cap of $538,172,174, Pendle maintains a solid presence in the competitive DeFi landscape.
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Historical Performance & 52-Week Range
Over the past year, Pendle has experienced significant volatility typical of mid-cap altcoins. The 52-week high stands at $7.13**, while the 52-week low dips to **$1.83, showcasing a wide trading range driven by macroeconomic trends and sector-specific developments.
Despite recent bearish pressure, PENDLE has outperformed many cryptocurrencies launched in the same period. Among 3,643 digital assets introduced in 2021, Pendle’s average daily trading volume significantly surpasses the cohort average of $360,844—highlighting sustained investor interest and platform utility.
Pendle ICO Details & Tokenomics
Pendle successfully concluded its Initial Coin Offering (ICO) on April 28, 2021, raising $11,830,000** against a target of $3,700,000—exceeding goals by over 300%. The initial token price during the ICO was set at $0.7971 per PENDLE**, meaning early investors have realized substantial returns.
Though final token distribution details are not fully disclosed, the successful fundraising underscores strong foundational support and confidence in Pendle’s long-term vision.
Wealth Distribution & Holder Insights
The distribution of PENDLE tokens reveals a moderately centralized ownership structure:
- Top 1–10 addresses: Hold 65.35% of the total supply (183,967,058 PENDLE)
- Addresses 11–100: Control 22.26% (62,674,876 PENDLE)
- Addresses 101–1,000: Own 8.25% (23,228,267 PENDLE)
- Remaining holders: Account for 4.14%
This concentration suggests that large institutional or exchange wallets may hold significant influence over short-term price movements. However, increased retail adoption could gradually decentralize holdings over time.
Smart contract address: 0x808507121b80c02388fad14726482e061b8da827
Blockchain Activity & On-Chain Metrics
Pendle’s on-chain activity reflects consistent engagement:
- Transactions in last 24 hours: 3,720
- Average hourly transactions: 155
- Token holders: 1,940
- Token transfer events: 40,844
- Top 100 wealthiest addresses: Hold 246,835,030 PENDLE (~88% of total supply)
These metrics suggest active use within DeFi protocols and yield strategies, even amid price consolidation phases.
ROI & Volatility Analysis
Pendle presents notable risk-reward dynamics for investors:
| Metric | Value |
|---|---|
| ROI from ICO | +324.40% (≈4x return) |
| 3-Month ROI | +7.76% |
| 6-Month ROI | -36.55% |
| 12-Month ROI | -16.66% |
| 3-Month Volatility | 48.74% |
| 6-Month Volatility | 82.27% |
| 12-Month Volatility | 114.79% |
| Maximum Drawdown | -75.64% |
| Consecutive Profitable Days | 48.05% |
While returns since the ICO remain positive, recent volatility highlights the importance of strategic entry points and risk management.
Frequently Asked Questions (FAQ)
Q: What is Pendle (PENDLE) used for?
A: Pendle allows users to tokenize and trade future yield from DeFi protocols, enabling more efficient capital allocation and hedging strategies in decentralized finance.
Q: Is Pendle built on Ethereum?
A: Yes, Pendle operates as an ERC-20 token on the Ethereum blockchain and integrates with major DeFi platforms like Yearn and Aave.
Q: How many PENDLE tokens are in circulation?
A: There are currently 159,085,260 PENDLE tokens in circulation.
Q: Where can I buy PENDLE?
A: PENDLE is available on over 53 cryptocurrency exchanges globally, offering broad accessibility for traders and investors.
Q: What factors influence PENDLE’s price?
A: Key drivers include overall DeFi market trends, Ethereum network activity, protocol adoption rates, and macroeconomic conditions affecting crypto markets.
Q: Is PENDLE a good long-term investment?
A: With strong fundamentals and growing DeFi integration, PENDLE shows potential for long-term growth—but should be evaluated alongside portfolio risk tolerance and market cycles.
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Technical Analysis: Short-Term Outlook
Technical indicators suggest bearish sentiment in the near term:
- RSI (14): 43.25 (neutral)
- Commodity Channel Index (20): -89.42 (oversold)
- Average Directional Index (14): 46.88 (strong trend)
- Williams %R (14): -58.87 (neutral)
- Ultimate Oscillator: 46.88 (neutral)
Moving averages across multiple timeframes—including SMA(10), EMA(50), and SMA(200)—all signal sell, indicating downward pressure persists across both short and long-term horizons.
Nonetheless, oversold readings may foreshadow a corrective bounce if broader market conditions stabilize.
Trading Volume & Exchange Activity
Over the past 30 days, more than 130,242 PENDLE transactions were recorded—an average of 4,341 trades per day—demonstrating steady liquidity and trader engagement across supported exchanges.
High trading volume relative to peers enhances price discovery and reduces slippage risks for active traders.
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Final Thoughts
Pendle represents a forward-thinking innovation in DeFi by unlocking liquidity in future yield streams—a niche yet rapidly expanding sector. Despite current bearish momentum and high volatility, its robust fundamentals, strong ICO backing, and active on-chain usage position it well for future relevance.
For investors seeking exposure to next-generation financial primitives in crypto, Pendle warrants close monitoring as market conditions evolve.
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