PENDLE Token Goes Live on Revolut, Reaching 20M EEA Crypto Traders

Pendle's PENDLE token went live on Revolut on Wednesday, the yield-tokenization protocol said in a post on X, giving roughly 20 million crypto traders across the UK and the European Economic Area direct access to PENDLE through Europe's largest fintech app.

PENDLE was little changed at $1.36 with a market capitalization of about $233 million at the time of the listing, ranking #165 on CoinGecko. The token is down about 82% from its $7.50 all-time high set in April 2024. The underlying Pendle protocol holds $1.32 billion in TVL on DefiLlama, with 57% on Ethereum and 14% on Plasma, and finished 2025 as the #13 DeFi protocol by TVL after settling $69.8 billion in yield across the year.

The listing is a distribution event, not a product integration. Revolut customers transact the PENDLE token through the fintech's regulated crypto rails. Pendle's actual fixed-yield mechanics — splitting yield-bearing assets into Principal Tokens and Yield Tokens — still run on the protocol's own front-end on Ethereum, Plasma, Arbitrum and other chains. Pendle framed it as reaching users "through regulated rails rather than DeFi frontends."

Revolut Crypto

Revolut picked up a MiCA license from Cyprus's CySEC in October 2025, giving its Cyprus-domiciled crypto entity passporting rights across all 30 EEA member states. The firm has rolled out Crypto 2.0, a refreshed product line slated to cover more than 280 tokens, alongside Revolut X, its pro-grade exchange charging 0% maker and 0.09% taker fees.

Revolut reported more than 14 million crypto users globally late last year. The PENDLE listing follows SYRUP, Maple Finance's token, which became available on Revolut across the UK and EU on April 30. Revolut also partnered with Morpho to power a stablecoin-yield product in July 2025.