PendlePENDLE

The token of Pendle, a market that splits yield-bearing assets into separately traded principal and yield tokens.

Rank #129Since April 2021

Price on 31 Oct 2026

C$2.61 +29.7% since 31 Jul 2026 · 74.6% below its all-time high

The short version

Pendle lets users split yield-bearing assets into principal tokens and yield tokens that trade separately, and runs Boros for trading funding rates. It is led by co-founder and CEO TN Lee, with a team described as Singapore-based. Since 20 Jan 2026, 80% of protocol revenue funds buybacks for staked PENDLE (sPENDLE); holder revenue was US$10.3M over the past year but US$0.33M in the last 30 days. On 31 Oct 2026 one PENDLE cost C$2.61. From 31 Jul 2026 to 31 Oct 2026 its price changed +29.7% in Canadian dollars, and it was 74.6% below its all-time high of C$10.26 set on 11 Apr 2024.^[1]

Checked 31 Oct 2026 · 13 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$4.37 (2 Nov 2025) · low C$1.41 (7 Apr 2026) · -38.6%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$2.63	US$1.88
30 Sep 2026	C$3.31	US$2.32
31 Aug 2026	C$2.38	US$1.71
31 Jul 2026	C$2.01	US$1.43
30 Jun 2026	C$1.92	US$1.35
31 May 2026	C$1.85	US$1.34
30 Apr 2026	C$1.79	US$1.32
31 Mar 2026	C$1.55	US$1.12
28 Feb 2026	C$1.80	US$1.32
31 Jan 2026	C$2.89	US$2.14
31 Dec 2025	C$2.53	US$1.85
30 Nov 2025	C$3.75	US$2.67

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$2.61^[1]
3-month change: +29.7% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 74.6% below its high of C$10.26 (11 Apr 2024)^[1]
Market rank: #129, market value about C$453.3M^[1]
Kind: Token · Ethereum (ERC-20); also on other chains
Started: April 2021

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew PENDLE follows the coded emission schedule, now about 2% a year^{[2, 3]}

Can anyone freeze or take coins from holders?NoNo blacklist, pause or balance-change function in the contract^[3]

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[3]

Is the supply capped?NoNo maximum; about 2% yearly inflation continues^[2]

Any scheduled unlocks in the next 12 months?NoInsider vesting is complete; ongoing inflation is not an unlock^[4]

Does a team or foundation hold over 10% of supply?Not disclosedInsiders got 38% at genesis, fully vested; current holdings not published^[4]

Do network fees reach coin holders?Yes80% of revenue funds buybacks for sPENDLE stakers since 20 Jan 2026^[5]

Main network hacked or halted in the past 2 years?NoNo Pendle exploit; the Sep 2024 Penpie loss was a third-party protocol^[6]

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Pendle team led by TN Lee (CEO) and Vu Nguyen; legal entity not confirmed^[8]
Backers: US$3.7M seed (Apr 2021) from Mechanism, HashKey, Crypto.com and others; Binance Labs (Aug 2023)^[4]
Token contract: A governance address triggers scheduled emissions; GoPlus shows it holds 7.0% of supply^{[3, 2]}

Supply

In circulation: 173.91M PENDLE of 281.53M in total (61.8%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 1.62 times its current market value^[1]
Allocation: Team 22%, investors 15%, advisors 1%, liquidity incentives 37%, ecosystem fund 18%, bootstrapping 7%^[4]
Vesting: Insider vesting finished by 2024 at the latest^{[4, 9]}
Inflation: About 2% a year since Apr 2026, about 5.6M PENDLE (3.2% of circulating) over 12 months^[2]
Staked: Legacy vePENDLE holds 36.5% and sPENDLE 16.6% of supply^[5]

Use and fees

Fees: US$13.8M over the past year; US$10.3M to holders, US$0.33M of it in the last 30 days^[10]
Deposits: Q3 2026 deposits US$1.16B, up 43%; 82% in RWA-backed dollar markets^[7]

Trading

Daily trading: About C$71.3M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 14.74% of its market value changes hands each day^[1]
20-week average: 4.7% above its 20-week average price^[1]
1-year change: -39.7% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Pendle began offering principal and yield splitting for Partners Group's tokenized infrastructure fund on 29 Oct 2026.^[7]
A record US$50.4M of STRCx deposits came into Pendle's Ethereum markets on 28 Oct 2026.^[7]
Grayscale put Pendle's tokenholder yield after dilution at -0.7%, using data to about 20 Oct 2026.^[13]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.