Pendle

Total value locked, currently 2,435,433,580 USD, and its 7-day change of 3.58 percent are worth tracking because Pendle's fee generation depends directly on the volume and value of yield-bearing assets flowing through the system. The 30-day fee and revenue growth figures (59.41 percent and 57.05 percent respectively) indicate how quickly activity is expanding or contracting, which would affect the annualized fee and revenue measures used in the valuation ratios on this page. The ratio of market capitalization to total value locked, at 0.14, and the fully diluted valuation to revenue ratio of 42.25 reflect how the market is pricing the protocol relative to its on-chain footprint and earnings, so changes in TVL or revenue would shift these figures meaningfully. Finally, the circulating supply represents 61.75 percent of what appears to be an uncapped maximum, meaning ongoing token issuance is something to observe as it affects both the dilution overhang and the per-token share of any revenue distributed to holders.

Written by an AI language model from the figures listed below, on 15 Oct 2026 17:26 UTC.