Pendulum
PEN Rank #2529Price chart
What is Pendulum?
Overview
Pendulum is designed to connect traditional finance with the DeFi ecosystem by providing decentralized infrastructure for on-chain foreign exchange trading and stablecoin applications. The network serves users seeking to access regulated financial on-ramps and settlement services. It operates as an interoperable blockchain layer within the Polkadot network.
How it works
Pendulum is built on Substrate framework technology and leverages oracle-guided automated market makers (AMMs) to enable scalable forex trading and stablecoin utility. The network facilitates transactions through its integrated Vortex Finance platform, which operates as a global settlement gateway and fiat-to-crypto ramping service.
Token and supply
PEN is the native utility token used for network transaction fees, validator staking to unlock tiered fee discounts on Vortex, and project bonding for asset listings. The token has a hard cap of 150 million with zero ongoing inflation, operating under a strictly deflationary model. Total supply is approximately 149.9 million PEN.
Where to trade PEN
2 exchanges · top 10
Live spot quotes from connected exchanges
PEN funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.