#Crypto2025Trends Pendle (PENDLE) is a decentralized finance (DeFi) protocol built on Ethereum that enables users to earn fixed yields on their crypto holdings. It achieves this by tokenizing future yields, allowing users to trade them separately from the underlying assets.

As of December 27, 2024, PENDLE is trading at approximately $5.08, with a 24-hour trading volume of around $48.67 million and a market capitalization of about $794.79 million. The circulating supply is 162.89 million tokens.

Pendle's unique approach involves splitting yield-bearing tokens into two components:

1. Principal Token (PT): Represents ownership of the underlying asset without the yield.

2. Yield Token (YT): Represents the right to receive future yields from the underlying asset.

This separation allows users to trade future yields independently, providing opportunities for fixed yield income and speculation on future yield rates.

For those interested in purchasing PENDLE, Binance offers a user-friendly platform with competitive transaction fees. Users can buy PENDLE directly with fiat currencies or trade it against other cryptocurrencies.

Please note that cryptocurrency investments carry risks due to market volatility. It's essential to conduct thorough research and consider your financial situation before investing.