# PENDLE Inflation Rate: +1.86% New Supply in 90 Days

*Source: https://mrnasdog.com/research/pendle — numbers checked Oct 25 2026*

**+1.86%** in 90 days, **+8.81%** in a year: that is how fast PENDLE supply changes as of Oct 18 2026.

- **Signal today:** negative — PENDLE, read by supply and demand
- **MrNasDog score:** 4/10 — supply 1.5/5, demand 2.5/5
- **New coins:** +1.86% in 90 days · +8.81% in a year
- **Demand:** modest (2.5/5)
- **Drivers:** 0 ▲ price up · 2 ▼ price down

## PENDLE supply

No PENDLE is minted, but team Safes and ended vote-locks released 2.48M PENDLE in 90 days, up 1.42%; 2.19M more locks end by mid-January.

Expect +1.86% more PENDLE in 90 days (+8.81% over the year). On supply alone Pendle gets 1.5/5 — heavy (place 37 of 101).

## PENDLE price drivers the score does not count

Pendle has 2 price drivers. Right now: 0 up, 2 down.

### ▼ Money in Pendle

Money in Pendle is down about 90% from its 2025 peak

Good for the price: More money parked. Bad for it: Money keeps leaving. Right now it points down.

| Date | Money in Pendle |
|---|---|
| Jul 31 2026 | $1.22B |
| Aug 31 2026 | $1.18B |
| Sep 30 2026 | $1.26B |
| Oct 25 2026 | $1.07B |

*Checked Oct 18 2026*

### ▼ Ethena's share

Ethena went from 70% of Pendle's money to about 8%

▲ Price up if: Ethena money returns. ▼ Price down if: Ethena money keeps leaving. Now: ▼ down side.

| Date | Ethena (USDe + sUSDe) |
|---|---|
| Aug 31 2026 | 12.3% |
| Sep 30 2026 | 8% |
| Oct 10 2026 | 8.1% |
| Oct 18 2026 | 7.7% |

*Checked Oct 18 2026*

## Who wants Pendle right now

How much do people want PENDLE? **modest** — 2.5 out of 5, #46 of 110.

Extra Pendle demand detail for members stays on the live page.

## Questions about PENDLE supply

### Is PENDLE inflationary or deflationary?

As of Oct 18 2026, PENDLE supply moves +1.86% in 90 days and +8.81% in a year, so PENDLE is inflationary. New PENDLE outweighs what is burned or bought back.

### What is the PENDLE inflation rate in 2026?

PENDLE supply grows +8.81% over the next 12 months and +1.86% over the next 90 days (checked Oct 18 2026). That puts PENDLE #37 of 101 coins we track for new supply (#1 = the most new supply).

### When is the next PENDLE token unlock?

No dated PENDLE unlock is scheduled in the next 90 days (checked Oct 18 2026). New PENDLE still arrives: about 3.23M PENDLE in 90 days.

### Is any PENDLE burned or bought back?

Not in a way that removes PENDLE today: nothing takes PENDLE off the market over the next 90 days (checked Oct 18 2026). The fee buyback bought 723,299 PENDLE, but all of it goes to stakers, who still count as circulating, so it removes none. No burn.

### Where does new PENDLE supply come from?

In our count, about 3.23M new PENDLE reaches the market over the next 90 days (checked Oct 18 2026). How it works: Nothing minted, but the treasury paid 0.9M PENDLE of pool rewards, sent 0.6M to an exchange, a team Safe paid 70K, and 0.91M left ended vote-locks: 2.48M in 90 days.

### How much PENDLE is in circulation?

PENDLE has about 174M coins in circulation as of Oct 18 2026; the next 90 days change that by +1.86% (+8.81% over a year).

### Does PENDLE have more new supply than BTT, XTZ or SPX?

Over the next 90 days (checked Oct 18 2026): PENDLE +1.86%, BTT −2.22%, XTZ +0.73%, SPX 0.00%. PENDLE has the most new supply of these 4 coins.

## Go deeper on Pendle

- The long read on Pendle supply: https://mrnasdog.com/research/pendle/inflation
- All crypto inflation rates, PENDLE included: https://mrnasdog.com/token-supply
- About the Pendle score: https://mrnasdog.com/research/pressure-framework/full

*Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice.*