BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

BITCOIN

₹54,57,939.85

0.764%

ETHEREUM

₹2,93,356.70

0.309%

TETHER USDT

₹93.02

0.003%

BNB

₹49,428.57

0.542%

SOLANA

₹12,997.34

0.56%

USDC

₹93.01

0.006%

XRP

₹50.09

15.217%

DOGECOIN

₹10.31

2.981%

CARDANO

₹40.50

5.188%

TRON

₹13.09

2.89%

AVALANCHE

₹2,403.98

0.632%

SHIBA INU

₹0.001597

4.303%

POLKADOT

₹583.40

3.54%

CHAINLINK

₹1,208.70

2.121%

BITCOIN CASH

₹34,587.59

3.239%

NEAR PROTOCOL

₹480.30

2.373%

POLYGON

₹49.01

3.996%

LITECOIN

₹6,473.69

0.68%

UNISWAP

₹757.02

0.503%

INTERNET COMPUTER

₹769.18

12.755%

Home

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Coins

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Pendle

PENDLE

Pendle

PENDLE

₹349.77

LIVE

24H Low ₹344.10

24H High ₹356.93

Price of PENDLE today

The current live price of PENDLE today is ₹349.77, with a 24-hour trading volume of ₹2,91,30,84,153.36. Our PENDLE to INR price is updated in real-time. PENDLE has seen a decrease of -1.30% in the last 24 hours. With a live market cap of ₹54,47,38,09,032.51 , the circulating supply is at 155,079,509 PENDLE coins, with a maximum supply of 258,446,028PENDLE coins.

Pendle Price History

Date ComparisonAmount Change% Change
Today-₹3.72

1.05%

7 Days-₹26.60

7.06%

30 Days-₹128.15

26.8%

1 Year₹268.24

328.25%

Pendle Price Information

Price Change (1hr)

0.88%

Price Change (24hr)

1.05%

Price Change (7d)

7.06%

Pendle Market Stats

Market Cap

₹54,47,38,09,032.51

Fully Diluted Market Cap

₹90,78,27,19,747.98

24hr Volume

₹2,91,30,84,153.36

49.24%

Circulating Supply

155079508.82 PENDLE

Total Supply

258446028.24 PENDLE

Things to know about Pendle

What is the token?

Pendle (PENDLE) is a cryptocurrency token operating within the Pendle Finance ecosystem, a decentralized finance (DeFi) protocol specializing in yield tokenization. The protocol allows users to separate yield-bearing assets into two distinct components: the yield and the principal. This separation enables users to trade future yield and principal independently, providing flexibility in managing yield strategies. Pendle’s Automated Market Maker (AMM) is tailored for yield trading, featuring concentrated liquidity, a dual fee structure, and minimal concerns about impermanent loss. The PENDLE token is used for governance, liquidity provision incentives, and staking rewards within the PENDLE ecosystem.

Tokenomics

The tokenomics of PENDLE involve a hybrid inflationary model with a terminal inflation rate of 2% per annum for incentives. Team tokens were subject to vesting until April 2023, and the weekly emission as of October 2022 was 667,705 PENDLE, with a 1.1% decrease each week until April 2026. The total and maximum supply of PENDLE tokens is 231,725,335, with approximately 97 million in circulation as of February 2024.

Market Data

As of today #{today’s date}, the price of Pendle is ₹349.77 INR or 3.761 USD, with a 24-hour trading volume of 31323485.52 USD. The market capitalization for Pendle is 585739882.07USD. The circulating supply is 155079508.82 Pendle, with the total supply also being 258446028.24 Pendle.

Token Pros and Cons

Pros:

  • Innovative yield tokenization allows for flexible yield management strategies.

  • The Pendle AMM is designed to minimize impermanent loss, a common issue in liquidity provision.

  • PENDLE token holders can participate in governance decisions, influencing the protocol’s direction.

  • The protocol offers cross-chain compatibility, expanding its potential user base.

  • Pendle’s approach to DeFi could attract users looking for stability in volatile yield markets.

Cons:

  • The complexity of yield tokenization might be a barrier for new users.

  • The DeFi space is highly competitive, with many protocols vying for user adoption.

  • Regulatory uncertainty could impact Pendle’s operations and token value.

  • Dependence on the broader DeFi market trends could lead to volatility in PENDLE’s price.

  • As with any cryptocurrency, intelligent contract vulnerabilities are risky despite regular audits.

Why Should You Invest in the Coin?

  • Pendle offers a unique solution to DeFi yield management, potentially leading to high demand for the token.

  • The protocol’s design to minimize impermanent loss could attract liquidity providers, boosting the token’s value.

  • Active governance participation could lead to a well-maintained and evolving ecosystem, supporting long-term investment.

  • Cross-chain compatibility suggests a commitment to expansion and adaptability, which could increase the token’s utility.

  • The protocol’s focus on fixed yields could appeal to investors seeking stability in the DeFi space.

USP of the coin

  • Yield tokenization separates yield and principal, offering unique trading opportunities not found in traditional finance.

  • Pendle’s AMM is designed explicitly for assets with time decay, a novel feature in the DeFi market.

  • The protocol provides a solution for users to lock in fixed yields, a significant differentiator in the volatile DeFi yield environment.

The problem the coin is solving

Pendle addresses the issue of yield volatility in DeFi by allowing users to lock in fixed yields and trade future yields independently from the principal. This gives users more control over their yield strategies and the ability to adapt to market conditions.

Founder and team background

A team including TN Lee, GT, YK, and Vu launched Pendle Finance. TN Lee, a co-founder, has a background in the DeFi space, having worked at Kyber Network before starting Pendle. The team’s experience and expertise in DeFi contribute to the protocol’s innovative approach to yield management.

ICO Price

The ICO price for PENDLE was $1.4, with the token sale occurring from July 4 to July 28, 2023. During this period, users could stake BNB and TUSD to farm PENDLE tokens over 25 days, with 2% (5M PENDLE) of the total token supply offered on the platform.

Risks Associated with Investing in the Coin

  • DeFi market volatility can lead to significant price fluctuations for PENDLE.

  • Regulatory changes could adversely affect Pendle’s operations and token value.

  • The complexity of yield tokenization may deter widespread adoption.

  • Competition from other DeFi protocols could impact Pendle’s market share.

  • Potential smart contract vulnerabilities could result in financial losses for token holders.

Whitepaper Insights

Pendle Finance introduces a novel approach to the DeFi yield market by allowing users to tokenize and trade future yields. The protocol will enable users to deposit yield-bearing assets, which are then tokenized into two components: Principal Tokens (PT) and Yield Tokens (YT). PTs represent the principal amount of the deposited asset, while YTs represent the future yield that the asset is expected to generate over a specified period. This separation of yield from the principal enables users to manage their yield strategies more flexibly and precisely.

The Pendle protocol includes an Automated Market Maker (AMM) that facilitates the trading of PTs and YTs. The AMM is designed to adjust the prices of these tokens based on supply and demand dynamics and factors like time decay, ensuring that trading is conducted at fair market values. Users can redeem their PTs and YTs at any time, allowing them to reclaim their original assets along with any accrued yields. This feature helps adapt to changing market conditions or modifying investment strategies.

The PENDLE token, an ERC-20 utility token within the Pendle ecosystem, serves multiple purposes. It is used for governance, allowing token holders to vote on proposals that shape the protocol’s future. Additionally, PENDLE is used to incentivize liquidity provision and for staking to earn rewards. The token follows a hybrid inflationary model with a terminal inflation rate of 2% per annum. The initial distribution of PENDLE allocated a significant portion to liquidity incentives, with the rest distributed among the team, investors, ecosystem funds, and liquidity bootstrapping. As of the latest updates, most PENDLE tokens are in circulation, with a portion allocated to the ecosystem fund and incentives and a smaller percentage to the team following the end of the vesting period in April 2023. The whitepaper also introduces vePendle, a governance token obtained by locking PENDLE tokens, representing voting power within the Pendle governance system.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

PENDLE to Converter

Quantity

PENDLE

PENDLE

Price

fiat

Price as per 06:14 PM • 13 Jul 2024

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What is the price of Pendle (PENDLE)?

The current price of Pendle (PENDLE) in INR is ₹349.77 INR.

What is the current PENDLE market cap?

The current market capitalization of Pendle (PENDLE) is ₹54,47,38,09,032.51 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of PENDLE by the number of coins in circulation.

What is the current supply of Pendle (PENDLE)?

The current supply of Pendle (PENDLE) is 155079508.82 PENDLE. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Pendle (PENDLE)?

The 24-hour trading volume of Pendle (PENDLE) in INR is ₹2,91,30,84,153.36. This figure represents the total value of all PENDLE transactions across various exchanges within the last 24 hours.

How to Buy Pendle (PENDLE) in India?

To buy Pendle (PENDLE) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in PENDLE.

Can I buy Pendle (PENDLE) with UPI?

Yes, you can buy Pendle (PENDLE) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Pendle (PENDLE) to Indian Rupee (INR)?

To convert Pendle (PENDLE) to Indian Rupee (INR), you can use our PENDLE/INR conversion rates in real time.

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