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Cryptocurrencies/Coins/Pendle (PENDLE)
Pendle price, market cap on Coin360 heatmap

Pendle(PENDLE)

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$6.2259
(-5.93%)
0.00009225 BTC
Market Cap (Rank#96)
$958,590,837
14,203 BTC
Vol 24h
$36,792,007
545.138 BTC
Circulating Supply
153,968,060.39
Max Supply
258,446,029

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About Pendle?

The live price of Pendle (PENDLE) today is 6.2259 USD, and with the current circulating supply of Pendle at 153,968,060.39 PENDLE, its market capitalization stands at 958,590,837 USD. In the last 24 hours PENDLE price has moved -0.3544 USD or -0.05% while 37,905,620 USD worth of PENDLE has been traded on various exchanges. The current valuation of PENDLE puts it at #96 in cryptocurrency rankings based on market capitalization.

Learn more about the Pendle blockchain network and how it works or follow the price of its native cryptocurrency PENDLE and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Pendle (PENDLE) is a novel and innovative decentralized finance (DeFi) protocol that allows users to tokenize and trade future yield. It is a unique platform that separates the ownership of an asset from its future yield, enabling users to speculate on the future income of DeFi assets.

Technology & Mechanism

Pendle operates on the Ethereum blockchain, leveraging the security and decentralization of the Ethereum network.

Consensus Mechanism

Being an Ethereum-based token, Pendle follows the Ethereum network's consensus mechanism, which is currently Proof of Work (PoW) but is transitioning to Proof of Stake (PoS).

Blockchain Technology

Pendle utilizes Ethereum's smart contract technology to tokenize future yield and facilitate its trading. It also uses Automated Market Makers (AMMs) for liquidity provision and yield trading.

Key Features

Pendle's key features include scalability, security, privacy, and decentralization.

Scalability

Pendle's protocol is designed to be scalable, allowing for the addition of more assets and yield sources.

Security

Pendle prioritizes security, with its smart contracts audited by leading security firms.

Privacy

As a decentralized protocol, Pendle respects user privacy, with no need for personal information to use the platform.

Decentralization

Pendle is fully decentralized, with its governance and operations controlled by PENDLE token holders.

Development Team & Governance

Pendle is developed and maintained by a team of experienced blockchain developers and DeFi enthusiasts. The governance of the protocol is handled by PENDLE token holders, who can propose and vote on changes to the protocol.

Use Cases & Potential Impact

Pendle's primary use case is to allow users to speculate on the future yield of DeFi assets. This opens up new possibilities for yield farming and could potentially disrupt the DeFi landscape.

Purchase & Storage

How to Buy

PENDLE tokens can be purchased on several exchanges, including Uniswap and SushiSwap.

Wallets & Storage

PENDLE tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask or Trust Wallet.

Partnerships & Collaborations

Pendle has partnered with several DeFi projects and platforms to expand its ecosystem and increase its reach.

Roadmap

Pendle's future plans include expanding its asset offerings, improving its user interface, and exploring integrations with other DeFi protocols.

Risks & Challenges

Like all DeFi projects, Pendle faces risks and challenges, including smart contract vulnerabilities, regulatory uncertainties, and market volatility.

Community & Regulatory Compliance

Community

Pendle has a vibrant and active community of users, developers, and enthusiasts who contribute to the project's development and governance.

Regulatory Compliance

Pendle strives to comply with all relevant regulations and works closely with legal advisors to ensure its operations are within legal boundaries. In conclusion, Pendle is a unique and innovative DeFi project that allows users to speculate on the future yield of DeFi assets. Its unique approach to yield farming could potentially disrupt the DeFi landscape and open up new possibilities for users.
Pendle Price6.2259 USD
Market Rank#96
Market Cap958,590,837 USD
24h Volume36,792,007 USD
Circulating Supply153,968,060.39 PENDLE
Max Supply258,446,029 PENDLE
Yesterday's Market Cap958,882,944 USD
Yesterday's Open / Close6.5822 USD / 6.2278 USD
Yesterday's High / Low6.6424 USD / 6.1635 USD
Yesterday's Change
-0.05% ( 0.3544 USD )
Yesterday's Volume37,905,620 USD
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