Pendle (PENDLE) Logo

Pendle

PENDLE

#84

Rank

$ 775.67 M

Marketcap

nil

Max.Supply

$4.81

price

0.60%

Change (1 day)

283.71%

Change (1 year)

Olympus Pro Ecosystem

Spartan Group

Restaking

Eigenlayer Ecosystem

Pendle is a decentralized, automated market maker (AMM) for creating and trading DeFi-secured tokens. It is designed to be more efficient and secure than traditional tokenized funding platforms. PENDLE's liquidity pool is secured by a basket of defi-pegged assets, allowing for stable and liquid token trading.

Market Cap of Pendle

As of 2 November 2024 Pendle(PENDLE) has a market cap of $ 775.67 million USD. This makes PENDLE the world's #84 most valuable Cryptocurrency by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded CryptoCurrency circulating supply and is commonly used to measure how much a Cryptocurrency is worth in Public Market.


Pendle Statistics
Volume (24h)
$ 92.47 M
Max.supply
nil
Circulating Supply
158.45 M PENDLE
M.Cap Total Supply
$ 1.24 B

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PENDLE Percentage Change
Percentage Change 1h
-0.26 %
Percentage Change 24h
0.60 %
Percentage Change 7D
11.18 %
Percentage Change 30D
27.83 %
Percentage Change 60 D
51.22 %
Percentage Change 90 D
78.68 %
Year To date Percentage Change
283.71 %
Percentage Change 1 Y
421.28 %

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PENDLE Links

Price History of Pendle

As of 2 November 2024 Pendle(PENDLE) price is $ 4.81 USD. The percentage change over the last hour has decreased by 0.26% In the past 24 hours, the price has risen by 0.60%.
Over the last week, there has been a positive change of 11.18%. Looking at the past 30 days, the percentage change shows an increase of 27.83%. Over the last 60 days, the price has gained 51.22%, and for the last 90 days, it has risen by 78.68%.
Year-to-date, there has been a significant increase of 283.71%, and over the past year, the price has appreciated by 421.28%. In terms of trading activity, the volume over the past 24 hours is $ 92.47 M , with a circulating supply of 158.45 M PENDLE.

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Volume History of Pendle

As of 2 November 2024 Pendle(PENDLE) has volume 24(h) of $ 92.47 M USD.

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About Pendle

Pendle: Trading the Future of Your Crypto

Have you ever wished you could lock in a future profit from your crypto? Pendle helps you do just that!

Pendle is like a special store in the world of crypto. Instead of just selling things, Pendle lets you trade something unique: the promise of future profits from your crypto. It's like buying a ticket to a future concert before anyone else knows how popular the band will be!

Let's dive into how Pendle works:

What is Crypto Yield?

Think of yield like the interest you earn from a savings account. In the crypto world, you can earn yield by "staking" your coins. This means you lock up your coins for a while, and in return, you get more coins!

Pendle's Secret Sauce: Future Yield

Now, imagine if you could sell that future yield you're going to earn, before you actually earn it! That's what Pendle lets you do!

Pendle's AMM: The Magic Machine

At the heart of Pendle is a special machine called an Automated Market Maker (AMM). This AMM is like a vending machine, but instead of snacks, it dispenses future yield.

Here's how it works:

  1. People Sell Future Yield: Let's say you're going to earn 100 extra coins in a month by staking your crypto. You can go to Pendle's AMM and sell those 100 future coins right now!
  2. People Buy Future Yield: Someone else might be willing to buy those 100 future coins because they think the price of the coin will go up before you actually earn them. They're betting that the value of your future coins will be higher than the price they paid for them.
  3. Pendle's AMM Sets the Price: The AMM acts as a middleman, making sure there's a fair price for the future yield being bought and sold.

How Pendle Keeps Your Crypto Safe

Just like a bank, Pendle takes security seriously.

  1. Security Audits: Before Pendle launched, its code was carefully checked by experts to make sure it was safe and secure.
  2. Extra Defenses: Pendle also has extra security measures in place to protect your crypto from hackers and bad actors.
  3. Open Code: Pendle's code is open to everyone to see, allowing anyone to check for vulnerabilities and help make it even safer.

What Can You Do with Pendle?

Here's how you can use Pendle to make the most of your crypto:

  1. Staking: You can stake your crypto on Pendle and earn future yield.
  2. Yield Farming: You can use Pendle's AMM to trade and earn even more yield from your crypto.
  3. Governance: As a Pendle user, you can have a say in how the platform is run.

Pendle: A New Way to Play the Crypto Game

Pendle is a new and exciting way to trade crypto. It's like having a crystal ball that lets you see the future of your crypto!

Important Reminder: Cryptocurrency is a risky investment. Do your research and never invest more than you can afford to lose.

Let's Summarize with a Table

Feature Description
What is Pendle? A protocol for trading future yield from crypto assets
Key Concept Tokenization of future yield
AMM Automated Market Maker that matches buyers and sellers of future yield
Security Rigorous audits, additional security measures, open-source code
Use Cases Staking, yield farming, governance
Benefits More control over your crypto, potential for higher yields, ability to manage risk
Key Takeaway Pendle offers a unique way to trade and profit from the future of your crypto assets

Final Thoughts

Pendle is a complex world, but it's also an exciting one. With a bit of learning and a willingness to take some risk, you can use Pendle to unlock new possibilities in the crypto world. Just remember to play it safe and never invest more than you can afford to lose!

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