Pendle
PENDLELive. Machine-drafted, not yet checked by a person.
Pendle describes itself as a platform for trading crypto yield. Its pages make no dated promises we could check. It trades at $2.35, #119 of all coins by size, 69% below its highest ever price.
This week in the news: upgrade or launch live.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. Biggest of 5 lsdfis. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: putting real assets on chain
- ✓Real backingBacking: in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
In the GMCI Index
- Origin14 November 2022about about 3 yearspendle.finance, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingIn the GMCI IndexListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet27 headlines last month82,051 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Putting real assets on chain
5 coins we checked say they are for putting real assets on chain, worth $1.13B together. #2 of 5 by worth.
LSDFi: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Pendle$408.74Mthis coin+4.8%no maxnone dated
Babylon$49.85M8.2× smaller, −$358.89M−14.6%, gap −19.5no max0 of 8 delivered
Cloud$24.32M16.8× smaller, −$384.42M−1.4%, gap −6.261% outno record
Dinero$14.75M27.7× smaller, −$393.99M+0.0%, gap −4.897% outno record
Solayer$14.31M28.6× smaller, −$394.43M−2.4%, gap −7.321% outno record
LSDFi: this coin next to Babylon, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Pendle says
- Pendle describes itself as a platform for trading crypto yield.
- Babylon says
- Babylon Genesis says it is a blockchain that gets its security from Bitcoin through a Bitcoin staking system.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Pendle describes itself as a platform for trading crypto yield.
Its listing puts it this way: Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Problem it says it solves: putting real assets on chain. 38 coins we have checked say the same; together they are worth $181,917,630,164.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $7.50 on 11 April 2024. Today is 31% of that.
62%
of all PENDLE that will ever exist is already out in public hands: 173.48M coins.
38% (108.05M coins) is not yet created or held by the project. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 173.48Min circulation of 281.53M total. No hard maximum is set, so more can be created.
- 1.6×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $7.50 on 11 April 2024. That is −68.6% from the top.
- #119by market cap, $408,743,471.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $1.25B is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
27 headlines named this coin in the last month.
What they were about
- Price9
- Upgrade8
- Partnership2
- Tokenization2
- Whales1
- Unlock1
- Pendle Launches on Robinhood Chain, Expanding Onchain YieldUpcoming
- Pendle Surges 4.20% on Protocol Updates and Integrations
- Pendle Surges 8.7% on Robinhood Integration and DeFi Tailwinds
- Pendle: SHROOM and microduck yield markets go live on Robinhood Crypto - 24 Sep 2026
- Pendle Surges 4.35% Amid Macro Volatility and Protocol News
- Pendle Launches Tokenized Dividends for NVDA and PFE StocksUpcoming
- Analyzing PENDLE’s latest breakout after new updates fuel price rally
- Analyzing PENDLE’s latest breakout after new updates fuel price rally
- Pendle Finance Raises Questions About Robinhood’s Crypto
- Pendle Price Surges 3.21% on Protocol Update Announcements
- Pendle Finance Moves to Tokenize Stock Dividends in Current
- Pendle XLayer DeFi Growth: Rapid Surge to Top Protocol
- Why PENDLE crypto could rally another 12% if THESE signals hold
- Why PENDLE crypto could rally another 12% if THESE signals hold
- Pendle 上线 Robinhood Chain，首发 sNET 市场
- Pendle Surges 4.41 Points on Robinhood Chain Launch, Aave Listing
- Pendle Launches USDx and sUSDx Fixed Income MarketsUpcoming
- Pendle launches on Robinhood Chain with sNET marketUpcoming
- Pendle launches on Robinhood Chain with sNET marketUpcoming
- Pendle Robinhood launch brings fixed yield trading — will volume follow?Upcoming
- Pendle Launches New USDC Vault and Arbitrage FeaturesUpcoming
- Pendle Surges 7.1% on Milestones and Narrative Shifts
- Pendle (PENDLE) Surges 3.35% on Protocol-Positive Updates
- Pendle Expands Market Options with New Arbitrage Features
- Pendle: USDat YT incentives support the rollover - 27 Aug 2026 to 27 Sep 2026
- Pendle Clarifies reUSD Liquidations: 3% PT Price Drop, Not Oracle Error, Triggered Morpho Market Move
- PENDLE price rises 12.5% as buyers absorb whale token sell-off and spot outflows reduce supply
27 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Pendle describes itself as a platform for trading crypto yield.
“The world's largest crypto yield trading platform”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20, and 1 more.Others in asset tokenization: Zano 51 of 69, Chiliz 3 of 15, Algorand 2 of 7, XRP 2 of 3, and 15 more.
No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 10 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.