cryptonist

DeFi protocols

Pendle V2

Data as of 3 October 2026 · Official site

Pendle V2 is a protocol DefiLlama files under Yield, deployed on 14 chains. On 3 October 2026 it held $1.3B in total value locked, up 2.5% over 30 days, placing it 45th of 225 protocols in this set. DefiLlama recorded $527K in fees over the previous 30 days. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $899K at the start of the series, $1.3B at the end. $0 $5.0B $10.0B $15.0B $20.0B Jun 21Oct 22Feb 24Jun 25Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol, 225 tracked: top 24, and Pendle V2 at 45. Source: DefiLlama, 3 October 2026.
#ProtocolTotal value locked
1 Lido $26.4B
2 Aave V3 $18.1B
3 SSV Network $14.0B
4 LayerZero V2 $11.7B
5 Morpho Blue $11.3B
6 Binance staked ETH $10.0B
7 WBTC $9.9B
8 Coinbase Bridge $8.4B
9 Hyperliquid Bridge $7.1B
10 EigenCloud $7.0B
11 Sky Lending $5.9B
12 Binance Bitcoin $5.8B
13 SparkLend $5.5B
14 ether.fi Stake $5.2B
15 Ethena USDe $4.9B
16 JustLend V1 $3.9B
17 Arbitrum Bridge $3.7B
18 Babylon Protocol $3.4B
19 USDT0 $3.4B
20 JustLend sTRX $3.3B
21 Base Bridge $3.2B
22 Maple $3.0B
23 Polygon Bridge $2.9B
24 JustCryptos $2.8B
45 Pendle V2 $1.3B

See all 225 protocols

TVL by chain

TVL by chain, Pendle V2, 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $738.0M
Monad $203.4M
Arbitrum $173.4M
X Layer $70.4M
Plasma $49.8M
Hyperliquid L1 $9.5M
Binance $7.7M
Base $3.2M
Robinhood Chain $977K
Avalanche $46K
Sonic $13K

Fees recorded by DefiLlama

Fees recorded by DefiLlama, Pendle V2, 3 October 2026. Source: DefiLlama.
WindowUSD
24 hours $5K
30 days $527K
1 year $16.7M

About Pendle V2

Category: Yield. Deployed on 14 chains.

Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system. (DefiLlama's listing text.)

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.