Real-time PENDLE price analysis
Pendle’s current real-time price is US$2.72and its trading volume is equal to US$14,864,745 in the last 24 hours. PENDL price has fell on
3.69%
on the last day and decreased by
7.10%
in the last 7 days. It is important to note that Pendle’s current market capitalization is US$647,761,368and the maximum offer is 258 446 029 PENDL coins. Speaking of working inventory, PENDLE has 238 185 588 coins. Pendle’s current market rating is #110.
Pendle price today
28.97%
below
always on top and that’s it
46,623.34%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling PENDLE are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Pendle?
Pendle is a decentralized financial trading protocol focused on yield trading.. It has its own unique Automated Market Marker (AMM)and it is built on the Ethereum and Avalanche blockchains.
The platform is designed to return more control to owners of income-generating assets. They achieve this through division of income-generating assets into profitability components and tokenized ownership of these assets. This process provides the ability to trade with unlimited returns, increases versatility and increases the profit potential of these assets.
On the platform, traders have direct access to opportunities to earn additional profits, lock in future profits and future income streams upfront. All this becomes possible without the need pledge.
Working towards integrating more yield protocols in the future, Pendle supports Aave, Compound, Sushi, TraderJoe and Benqi.
To get started on the platform, you first need to deposit income-generating assets onto the platform. Once this is done you can mint Ownership Tokens (OT) and Yield Tokens (YT). Ownership tokens represent your ownership of the tokens, and yield tokens represent your right to the income generated by the assets. Trading occurs when users exchange tokens for AMM or trade ownership tokens on protocols that support Pendle. Additionally, the platform allows Pendle users Earn swap fees and other incentives by contributing ownership and yield tokens to liquidity pools.
The PENDLE token is the native utility token of the Pendle ecosystem. You can see the price of PENDLE on the real-time Pendle price chart above.
Options for using PENDLE tokens
The PENDLE coin exists only as a utility token. However, there are plans to include control functions in the future.
PENDLE tokens are mainly used for pay interest on returns, swap fees and other incentives. Besides, Forge and swap fees are paid in PENDLE tokens Also. The counterfeit fee is the fee paid during the minting process of yield and ownership tokens, and the swap fee is the fee paid during trading transactions on AMM.
Except, PENDLE token holders can stake their tokens for rewards.. If you want to be a part of the Pendle ecosystem, you can check the above-mentioned Pendle price chart above to know the latest PENDLE price.
Who founded Pendle?
Pendle was founded T. N. Lee at the end of 2020. Little is known about T. N. Lee, but he is considered a successful entrepreneur in the field of cryptocurrencies and blockchain. The team behind the protocol also consists of other professionals and experienced minds in the field of cryptocurrencies, blockchain technology and business.
PENDLE Tokenomics
The maximum supply of PENDLE tokens is 251 million. The team is allocated 22% of the tokens, and 18% is reserved for it in the ecosystem. 37% was reserved to stimulate liquidity. The remaining tokens were split between investors, advisors and seed liquidity funds at 15%, 1% and 7% respectively.
All team members and investors adhere to strict transition and asset release schedules. This is to maintain Pendle price stability.
What is Pendle’s trading volume in the last 24 hours?
PENDLE has trading volume US$14,864,745 in the last 24 hours.
What is the highest price for a Pendle?
PENDLE has the highest price $3.83which was achieved at November 16, 2021 (2 years 3 months ago).
What is the lowest price for Pendle?
PENDLE has the lowest price $0.0058which was achieved at December 11, 2022 (1 year 2 months ago).
What are the best exchanges to buy and sell PENDLE?
Currently the most active and dominant exchanges for buying and selling Pendle are Binance, Kraken & Kucoin. The most popular Pendle trading pairs PENDL/USDT
(on
WhiteBIT
),
PENDLE/TRY
(on
Pariboud
),
PENDL/USDT
(on
Gate.io
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing PENDLE?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Pendle. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
Pendle related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
