Pendle price and where to buy PENDLE

What is Pendle?

Pendle is a protocol that splits yield-bearing tokens into two parts, the principal and the future yield, which can be traded separately. That lets users lock in a fixed yield or speculate on yield rates. PENDLE is its token, which holders lock for voting power and a share of fees.

How to buy Pendle, step by step

1. Pick an exchange. PENDLE is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy PENDLE. Use the PENDLE/USDT or PENDLE/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. PENDLE exists on Ethereum and several other networks; choose the network your wallet expects.

Where to buy Pendle at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on PENDLE the venues disagree by about 0.18 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Pendle price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.18 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 19 minutes out of every thousand, and reached about 1.4 percent at its widest.

About seven tenths of the PENDLE spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Pendle price

The wider crypto market, and in PENDLE’s case its own news too. In our hourly composite, PENDLE moved with Bitcoin at a correlation of about 0.44, where 1 would mean identical moves, and its moves were about three times the size of Bitcoin’s.

PENDLE-specific drivers come on top: demand for on-chain yield, the protocol’s volume and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Pendle

Pros

• A distinctive product: trading and fixing on-chain yields.
• Locked PENDLE earns a share of fees.

Cons

• About seven tenths of the PENDLE spot volume we track trades on a single exchange.
• One of the wider price gaps between exchanges we track, about seven times Bitcoin’s.
• Its hourly moves were about three times Bitcoin’s in our data.

Pendle’s highest price

Pendle’s all-time high is about $7.50 on volume-weighted data. The chart above shows the last 30 days of our composite, and the PENDLE to USD converter applies the live price to any amount.