Pendle Protocol Revenue
Track how Pendle protocol revenue flows to PENDLE holders through fees, buybacks, and value accrual mechanisms.
Produced by Tokenomics.com with data verified by the Pendle team.
Track how Pendle protocol revenue flows to PENDLE holders through fees, buybacks, and value accrual mechanisms.
Key questions and answers about Pendle revenue, fees, and token value accrual
Pendle generated $66.0M in gross revenue from Jul 2023 to Aug 2026 (1140 days), with $63.4M retained as net revenue. $55.9M accrued to PENDLE token holders. Its primary token utilities include Staking Rewards, Staking Access, and Standard 1:1.
This averages $$57.9K in daily gross revenue across the tracked period.
PENDLE accrues value through 1 mechanism: Buyback & Redistribute.
Yes, Pendle burns or redistributes PENDLE tokens via Buyback & Redistribute. In 2026, approximately $5.9M worth of value was returned to token holders through these mechanisms.
Yearly token holder distributions:
PENDLE serves 3 primary functions within the Pendle ecosystem: Staking Rewards, Staking Access, and Standard 1:1. The protocol generates fees from user activity, with a portion distributed back to PENDLE holders. Value flows back to token holders through Buyback & Redistribute.
Token utilities:
Value accrual mechanisms:
Read our deep dive: Pendle tokenomics analysis.
In 2026, Pendle generated $7.5M in gross revenue. Of that, $5.9M was distributed to token holders, $1.5M was retained as protocol revenue (treasury), $91.7K went to supply-side participants (e.g. liquidity providers).
Year-by-year revenue breakdown:
Pendle's gross revenue has decreased by 32.6% over the past 90 days compared to the prior 90-day period, from $3.5M to $2.4M.
