Pendle (PENDLE) Live Price Overview
As of July 4, 2025, the Pendle (PENDLE) live price stands at $3.36**, with a 24-hour trading range between a low of **$3.35 and a high of $3.62**. The cryptocurrency is currently experiencing a **-6.84% decline** over the past day, while the broader market reflects a **-6.66% shift** in total crypto market capitalization. With a circulating supply of **164.64 million PENDLE tokens** and a maximum supply capped at **281.53 million**, Pendle ranks **#147** by market cap, which currently sits at **$554.28 million.
Despite the short-term dip, PENDLE continues to attract interest from yield-focused investors due to its unique position in the decentralized finance (DeFi) ecosystem.
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All-Time High and Low Performance
PENDLE reached its all-time high (ATH) of $7.50 on April 11, 2024 — a significant milestone that reflected growing confidence in its yield-trading model during the broader DeFi resurgence. This peak came amid increased adoption across Ethereum-based protocols and rising demand for structured yield products.
Conversely, the all-time low (ATL) was recorded on November 15, 2022, at just $0.03377729, during one of the most challenging bear markets in crypto history, triggered by macroeconomic pressures and major ecosystem collapses.
This dramatic price journey — from sub-$0.04 to nearly $7.50 — underscores both the volatility and long-term potential embedded in early-stage DeFi projects like Pendle.
What Is Pendle?
Pendle is a DeFi yield trading protocol built on the Ethereum blockchain, designed to unlock liquidity and flexibility in yield-generating assets. At its core, Pendle enables users to securitize future yield by splitting yield-bearing tokens into two distinct financial instruments:
- Principal Token (PT): Represents ownership of the underlying asset, redeemable at maturity.
- Yield Token (YT): Captures the future yield stream, tradable independently for immediate income or speculative exposure.
This innovative mechanism allows users to:
- Lock in future yields today,
- Monetize expected returns without selling their principal,
- Or speculate on yield movements with targeted exposure.
By offering a permissionless and composable platform, Pendle supports major yield sources such as Aave, Lido, and Ethena, making it a versatile tool for both passive income seekers and advanced traders.
PENDLE Price History: From Launch to Present
PENDLE launched on April 28, 2021, at an initial price of $1.80**. Within days, it surged to **$2.45 on May 5 before sharply correcting to **$0.53** by May 24. The following months saw volatile swings between **$0.60 and $1.14**, with brief recoveries in August 2021 reaching $1.27.
The broader crypto bear market took hold in late 2021, pushing PENDLE below $1 by October and further declining through 2022. The collapse of Terra (LUNA) in May 2022 intensified selling pressure, driving the token down to a low of **$0.04** by June.
However, recovery began in January 2023, when PENDLE rose from $0.04 to $0.09 within weeks. Momentum accelerated through Q1 2023:
- February 20: Reached $0.18,
- March 15: Peaked at $0.33 — its highest level in months.
This resurgence was fueled by product upgrades, expanded chain integrations (including Arbitrum and Optimism), and increasing demand for structured yield products in DeFi.
Fast forward to mid-2025, PENDLE trades at $3.36 — still below its ATH but demonstrating resilience amid shifting market conditions.
Use Cases of PENDLE Token
The PENDLE token serves as the native utility and governance asset within the Pendle ecosystem. Key functions include:
Staking for vePENDLE: Users who lock up PENDLE receive vote-escrowed PENDLE (vePENDLE), which grants:
- Voting rights in protocol governance,
- Access to boosted rewards and exclusive pools,
- Influence over emission allocations and fee structures.
- Incentive Distribution: Weekly emissions are distributed to liquidity providers based on vePENDLE holdings, aligning incentives across stakeholders.
- Protocol Fees: A portion of platform fees may be redirected to vePENDLE stakers in future upgrades, enhancing long-term value accrual.
This economic design encourages long-term commitment rather than short-term speculation, promoting sustainable growth.
Pendle Tokenomics Breakdown
PENDLE has a maximum supply of 281.53 million tokens, with approximately 164.64 million currently in circulation as of July 2025.
Token distribution is structured as follows:
- Circulating Supply: 65.1%
- Ecosystem Fund: 19.2%
- Incentives Pool: 10%
- Team Tokens (Vested): 5.7%
Weekly emissions started at 667,705 PENDLE but are decreasing by 1.1% per week until April 2026. After that, emissions will stabilize under a sustainable 2% annual inflation model, focused exclusively on incentivizing liquidity and participation.
This deflationary-to-stable emission curve aims to balance early growth with long-term viability.
Founding Team Behind Pendle
Pendle was created by a group of anonymous developers operating under pseudonyms: TN Lee, GT, YK, and Vu. Their identities remain undisclosed, consistent with a growing trend among privacy-conscious DeFi teams.
Despite their anonymity, the team has demonstrated strong technical execution, launching a secure, audited protocol that has expanded across multiple chains and integrated with leading DeFi platforms.
Governance is increasingly decentralized, with key decisions now made through community voting via vePENDLE holders.
How to Store PENDLE Safely
PENDLE is an ERC-20 token on Ethereum and compatible with any wallet supporting this standard. Recommended storage options include:
- Self-custody wallets: MetaMask, Trust Wallet, Ledger (hardware wallet for maximum security),
- Exchange wallets: Only for short-term holding due to counterparty risk.
For long-term investors, using a hardware wallet is strongly advised to protect against online threats.
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Frequently Asked Questions (FAQ)
What is the current price of PENDLE?
As of July 4, 2025, one PENDLE token is trading at $3.36. Prices fluctuate based on market demand, so real-time monitoring is recommended before trading.
What is Pendle used for?
Pendle allows users to trade future yield streams from DeFi assets. The PENDLE token powers governance, staking (to earn vePENDLE), and incentive mechanisms within the protocol.
Is PENDLE a good investment?
PENDLE may suit investors interested in yield innovation and DeFi growth. With an all-time high of $7.50 and current price around $3.36, it offers upside potential but comes with typical DeFi risks like smart contract exposure and market volatility.
How many PENDLE tokens are in circulation?
There are currently 164.64 million PENDLE tokens circulating, with a maximum supply of 281.53 million. New tokens are released gradually through decreasing weekly emissions.
Can PENDLE reach its all-time high again?
Revisiting $7.50 depends on broader DeFi adoption, protocol expansion, and overall crypto market conditions. Increased integration with Layer 2s and new yield markets could drive renewed interest.
Where can I buy PENDLE?
PENDLE is available on major cryptocurrency exchanges including OKX, Bybit, and Uniswap. Always use reputable platforms and enable two-factor authentication for security.
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