What Pendulum is
Pendulum (PEN) is a Layer-1 blockchain network, currently ranked 430th by market capitalization among the assets we track. As a proof-of-stake Layer-1, Pendulum hosts applications, settles their transactions, and lets PEN holders earn yield by helping validate. Capital at stake — not electricity — is what keeps the chain honest.
Pendulum (PEN) is a blockchain project designed to bridge traditional finance with decentralized finance (DeFi) by enabling cross-chain asset transfers and liquidity solutions. It aims to provide a seamless experience for users navigating both financial ecosystems.
How consensus and the token economy connect
Because security is bought with bonded PEN rather than hardware, the share of supply staked is a useful gauge of conviction — and of how much float is effectively locked.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in PEN.
Where Pendulum sits in the market
With PEN near $0.0222, Pendulum carries a market capitalization of $731.39K. Around $33.95 changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.00% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Almost the entire PEN supply is already in circulation (~100.0% of the 200M cap), so future dilution is effectively off the table. The token is roughly -44% under its record of $0.0399 — a meaningful but not catastrophic drawdown.
What the price history shows
The tape currently reads 24-hour -2.13%, 7-day +11.50%, 30-day +22.44%.
Volatility profile
Recent action puts Pendulum in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals +22.44%, a useful input for stop placement and position sizing.
How to evaluate Pendulum
For an asset of this type, three lenses matter most:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of PEN staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Pendulum over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.