Convert and Swap Pendle PENDLE to United States Dollar USD
PENDLE/USD: 1 Pendle equals $4.96 USD
Pendle (PENDLE) is not tradable on Coinbase.
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Last update: 7:54 AM, December 23, 2024
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Pendle market latest
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Pendle is falling this week.
The current price of Pendle is $4.96 per PENDLE. With a circulating supply of 163,847,111.138 PENDLE, it means that Pendle has a total market cap of $814,878,606.92. The amount of Pendle traded has fallen by $16,675,917.53 in the last 24 hours, which is a 26.16% decrease. Additionally, in the last day, $63,753,600.45 worth of PENDLE has been traded.
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About Pendle
Pendle is a unique protocol in the cryptocurrency space that aims to enable the tokenization and trading of future yield. It seeks to provide users with more control over future yield by offering optionality and opportunities for its utilization. Pendle's approach is centered around the creation of an innovative Automated Market Maker (AMM) that supports assets with time decay. This means that the value of these assets decreases over time, which can provide unique opportunities for users who understand and can anticipate these market dynamics.
Pendle operates by allowing users to leverage their points or bet against them. This is achieved through the purchase of YT, which can potentially multiply points up to 100 times, or by selling points away for a fixed yield of 60%. The protocol's unique AMM supports assets with time decay, which means that the value of these assets decreases over time. This innovative approach gives users the ability to strategize and potentially benefit from these market dynamics, providing a unique angle in the cryptocurrency space.
Pendle's primary use case is to provide a platform for the tokenization and trading of future yield. This means that users can potentially benefit from future yield without having to wait for it to materialize. By offering optionality and opportunities for the utilization of future yield, Pendle aims to give users more control over their assets. This can be particularly useful in volatile markets, where the ability to anticipate and react to changes can be crucial. Additionally, Pendle's support for assets with time decay can provide unique opportunities for users who understand these market dynamics.
The history of Pendle is rooted in its innovative approach to the tokenization and trading of future yield. While specific details about its inception and development are not readily available, it's clear that Pendle's unique approach to handling assets with time decay has set it apart in the cryptocurrency space. The protocol's focus on providing optionality and opportunities for the utilization of future yield demonstrates its commitment to offering unique and potentially beneficial opportunities for users. As the cryptocurrency market continues to evolve, Pendle strives to remain at the forefront of innovation.
How Pendle and United States Dollar differ
Pendle (PENDLE) and the US Dollar (USD) are fundamentally different, with the former being a unique protocol in the cryptocurrency space and the latter being a traditional fiat currency. Pendle aims to enable the tokenization and trading of future yield, providing users with more control over their assets. It operates by allowing users to leverage or bet against their points through the purchase of YT, which can potentially multiply points, or by selling points away for a fixed yield. The protocol's unique Automated Market Maker (AMM) supports assets with time decay, meaning the value of these assets decreases over time, offering unique opportunities for users who can anticipate these market dynamics. On the other hand, the US Dollar is a government-issued and regulated currency, used as a medium of exchange, a unit of account, and a store of value. It does not offer the same level of control or opportunities for utilization as Pendle does. Unlike Pendle, the value of the US Dollar does not inherently decrease over time due to time decay, but can fluctuate based on economic factors such as inflation and interest rates.
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PENDLE to United States Dollar conversion tables
The exchange rate of Pendle is decreasing.
The current value of 1 PENDLE is $4.96 USD. In other words, to buy 5 Pendle, it would cost you $24.80 USD. Inversely, $1.00 USD would allow you to trade for 0.20 PENDLE while $50.00 USD would convert to 10.08 PENDLE, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 19.52%. Meanwhile, in the last 24 hours, the rate has changed by 0.48%, and that the the highest exchange rate of 1 PENDLE to United States Dollar was $5.12 USD and the lowest 24 hour value was 1 PENDLE for $4.82 USD. This time last month, the value of 1 PENDLE was $5.34 USD, which is a 6.69% increase from where it is now. Looking back a year, Pendle has changed by $1.18 USD.
PENDLE to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$4.97 USD | -0.48% | $6.13 USD | -19.52% | $5.34 USD | -6.69% | $1.18 USD | 316.60% |
PENDLE to USD
Amount | Today at 7:54 am |
|---|---|
0.5 PENDLE | $2.48 |
1 PENDLE | $4.96 |
5 PENDLE | $24.80 |
10 PENDLE | $49.60 |
50 PENDLE | $247.98 |
100 PENDLE | $495.96 |
500 PENDLE | $2,479.80 |
1,000 PENDLE | $4,959.60 |
USD to PENDLE
Amount | Today at 7:54 am |
|---|---|
0.5 USD | 0.10 PENDLE |
1 USD | 0.20 PENDLE |
5 USD | 1.01 PENDLE |
10 USD | 2.02 PENDLE |
50 USD | 10.08 PENDLE |
100 USD | 20.16 PENDLE |
500 USD | 100.81 PENDLE |
1,000 USD | 201.63 PENDLE |
Today vs. 24 hours ago
Amount | Today at 7:54 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 PENDLE | $2.48 | $2.48 | -0.18% |
1 PENDLE | $4.96 | $4.97 | -0.18% |
5 PENDLE | $24.80 | $24.84 | -0.18% |
10 PENDLE | $49.60 | $49.69 | -0.18% |
50 PENDLE | $247.98 | $248.43 | -0.18% |
100 PENDLE | $495.96 | $496.85 | -0.18% |
500 PENDLE | $2,479.80 | $2,484.26 | -0.18% |
1,000 PENDLE | $4,959.60 | $4,968.52 | -0.18% |
Today vs. 1 month ago
Amount | Today at 7:54 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 PENDLE | $2.48 | $2.67 | -7.10% |
1 PENDLE | $4.96 | $5.34 | -7.10% |
5 PENDLE | $24.80 | $26.69 | -7.10% |
10 PENDLE | $49.60 | $53.38 | -7.10% |
50 PENDLE | $247.98 | $266.92 | -7.10% |
100 PENDLE | $495.96 | $533.84 | -7.10% |
500 PENDLE | $2,479.80 | $2,669.20 | -7.10% |
1,000 PENDLE | $4,959.60 | $5,338.40 | -7.10% |
Today vs. 1 year ago
Amount | Today at 7:54 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 PENDLE | $2.48 | $0.59 | +319.05% |
1 PENDLE | $4.96 | $1.18 | +319.05% |
5 PENDLE | $24.80 | $5.92 | +319.05% |
10 PENDLE | $49.60 | $11.84 | +319.05% |
50 PENDLE | $247.98 | $59.18 | +319.05% |
100 PENDLE | $495.96 | $118.35 | +319.05% |
500 PENDLE | $2,479.80 | $591.77 | +319.05% |
1,000 PENDLE | $4,959.60 | $1,183.53 | +319.05% |
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