Penpie

What is Penpie (PNP)?

What is the project about? Penpie is a next-generation DeFi platform built by Magpie to provide Pendle Finance users with yield and veTokenomics boosting services. Integrated with Pendle Finance, Penpie focuses on locking PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance. Penpie revolutionizes the way users can maximize returns on their investments and monetize their governance power. What makes your project unique? Penpie gives PENDLE holders the chance to earn high APR by converting their tokens into mPENDLE.

How does Penpie work?

By leveraging the power of Pendle Finance's veTokenomics model, Penpie offers users the opportunity to earn more PENDLE rewards with their PENDLE tokens. Penpie has created mPENDLE, a Penpie version of the PENDLE token, which allows users to earn a large share of PENDLE rewards while enjoying increased flexibility through Penpie. This mechanism gives PENDLE holders the chance to earn high APR% by converting their tokens into mPENDLE at a 1:1 ratio. What can your token be used for? PNP is the governance and revenue-sharing token of Penpie.

What is Penpie used for?

Users can lock their PNP tokens on Penpie to receive vlPNP at a 1:1 ratio. vlPNP is the locked version of the PNP token.

Where can you buy Penpie?

Penpie (PNP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for PNP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.

You can open the Markets section above to see the live list of exchanges quoting PNP, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.

What is the daily trading volume of Penpie (PNP)?

The reported 24-hour trading volume of Penpie is $495.61. Volume is a live reading of how much PNP changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.

For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.

What is the highest and lowest price for Penpie (PNP)?

Penpie reached an all-time high of $7.01 on April 12, 2024, and an all-time low of $0.2974 on April 29, 2026. It is currently trading -95.61% from its peak and +3.63% from its bottom.

The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where PNP sits in its long-run price range.

What is the market cap of Penpie (PNP)?

Penpie's market capitalization is currently $2.25M, and it is ranked #2310 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (7.29 million PNP are actively circulating today).

Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.

What is the fully diluted valuation of Penpie (PNP)?

The fully diluted valuation (FDV) of Penpie is $3.08M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.

FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.

How does the price performance of Penpie compare against its peers?

Over the past 24 hours, Penpie has moved -2.16%. Over the past seven days, the change is -17.67%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether PNP is leading, lagging or tracking the broader market.

For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Penpie against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.

How to store Penpie?

Like any crypto asset, the right way to store PNP depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.

For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.