Pendulum
PEN#761 by market capQualifies for a record and its pages are captured daily, but the record has not been written yet.
Pendulum is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $0.2584, #797 of all coins by size, 100% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. #38 of 119 exchanges. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: trading without a middleman
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $21.9M, 85 times smaller than Aster, the biggest coin within reach doing the same thing (Decentralized Exchange (DEX))
No named backer
- Origin10 October 2025about about 11 monthspendulumchain.org, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet4 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Decentralized Exchange (DEX) ($11.86M). To match the leader, Aster ($1.85B), its price would need to rise 8364%, to about $21.87.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 4 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
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?
Nothing dated has been found on its pages, so there is no date to wait for yet.
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
Trading without a middleman
121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #40 of 121 by worth.
Decentralized Exchange (DEX): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Pendulum$21.9Mthis coin+11.2%57% outno record
Aster$1.85B84.6× bigger, +$1.83B−1.5%, gap −12.734% outno record
Pump.fun$1.68B76.7× bigger, +$1.66B−1.5%, gap −12.747% outnone dated
Lighter$1.1B50.1× bigger, +$1.08B−4.2%, gap −15.425% outno record
Jupiter$774.17M35.4× bigger, +$752.27M−1.1%, gap −12.333% outno record
PancakeSwap$729.25M33.3× bigger, +$707.35M−0.7%, gap −11.880% outno record
Curve DAO$543.04M24.8× bigger, +$521.14M−0.5%, gap −11.751% outnone dated
Aerodrome Finance$538.82M24.6× bigger, +$516.92M−4.3%, gap −15.5no maxnone dated
Decentralized Exchange (DEX): this coin next to Aster, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Pendulum says
- Pendulum is an interoperable blockchain network built on Polkadot’s Substrate framework.
- Aster says
- Aster is a next-generation decentralized perpetual exchange that combines non-custodial trading with advanced features like hidden orders and multi-chain support.
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.
Pendulum is an interoperable blockchain network built on Polkadot’s Substrate framework, designed to serve as the missing link between traditional finance and the DeFi ecosystem.
Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 0% of that.
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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Decentralized Exchange (DEX): this coin next to the group's largest, Aster.
| Pendulum | Aster | |
|---|---|---|
| Years trading | 11 months | 12 months |
| Major exchanges | 0 | 9 |
| Named backers | 0 | 0 |
| Headlines, last month | 4 | 12 |
| Promises delivered | no record | no record |
What it says is different: Pendulum is an interoperable blockchain network built on Polkadot’s Substrate framework, designed to serve as the missing link between traditional finance and the DeFi ecosystem.
It is 1.2% the size of Aster. On the facts above it is behind on major exchanges. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
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: $172.43 on 7 April 2026. Today is 0% of that.
57%
of all PEN that will ever exist is already out in public hands: 84.76M coins.
43% (65.24M coins) is already created but not in public hands, held by the project or locked in escrow. 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%.
A share of the app's fees or votes
Apps like this usually pay holders from fees or give them a vote. Check which.
- Nothing the project's own pages spell out.
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.
- of the maximum supply is in circulation: 84.76M of 150M.
- 65.24Mcoins still to be released, 43% of the maximum. Releases can add selling pressure.
- 1.8×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $172.43 on 7 April 2026. That is −99.9% from the top.
- #797by market cap, $21,898,002.
- 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.
What the news says
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Headlines per day, last 30 days
4 headlines named this coin in the last month.
What they were about
Why it movedUp 11% today. No headline named it in the last three days, so the move is not explained by news we can see.
- Bitcoin’s $2.24 billion Friday options expiry teased a reversal then fell to $76k again
- Bitcoin Gold Correlation Hits Highest Level Since 2017
- Opinion: A Week of Two Reversals in Financial Markets
- XRP Rises Dramatically as Ripple Engages with RLUSD
Headlines are the publishers' own. News is never placed next to price.
The record itself
Qualifies for a record and its pages are captured daily, but the record has not been written yet.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy