Pendle (PENDLE) Price
Source mode: Binance public market data
Reference price
−1.45% in 24h
Market capitalization
$750M
24h trading volume
$4.78M
24h range
24h price trend
Hourly closes over the last 24 hours
About this asset
What is Pendle?
Pendle is a permissionless DeFi protocol that enables tokenized yield trading, letting users separate and trade principal tokens (PT) and yield tokens (YT).
As of 5 November 2026 at 12:01 UTC, Pendle (PENDLE) was priced at $1.76 (about ₹152), down 1.45% over 24 hours, according to Binance public market data. Its estimated market capitalisation was ₹6487.50 Cr. Prices differ between exchanges; confirm on your chosen venue.
- Category
- DeFi
- Symbol
- PENDLE
- Market Focus
- Spot & Perpetual Futures
- Settlement
- USDT Pair
Overview & Institutional Context
Institutional adoption of fixed yield strategies drives rapid spot staking, keeping perpetual leverage in an active accumulation phase.
Market participants track PENDLE liquidity across spot order books and perpetual futures derivatives to monitor funding rate basis and open interest trends.
Frequently asked questions
What is Pendle (PENDLE) used for?
Pendle is a permissionless DeFi protocol that enables tokenized yield trading, letting users separate and trade principal tokens (PT) and yield tokens (YT).
How is PENDLE taxed in India?
Under Section 115BBH of the Indian Income Tax Act, gains from PENDLE trading are taxed at a flat 30% rate with no deduction for expenses other than acquisition cost. Under Section 194S, a 1% TDS applies to transfer considerations exceeding statutory thresholds.