diff --git a/src/docs/metrics/index.md b/src/docs/metrics/index.md
index c9326109..6ce8be35 100644
--- a/src/docs/metrics/index.md
+++ b/src/docs/metrics/index.md
@@ -116,6 +116,7 @@ channels, plus custom sentiment measurements analyzing crowd behavior.
 - [Labeled Exchange](/metrics/labeled-exchange)
 - [Lending and Borrowing Protocols](/metrics/lending-and-borrowing-protocols)
 - [MakerDAO DAI Savings Rate](/metrics/makerdao-dai-savings-rate)
+- [Pendle Markets](/metrics/pendle-markets)
 - [Sky Savings](/metrics/sky-savings)
 - [Spent Coins Age Band](/metrics/spent-coins-age-band)
 - [Stock To Flow ratio](/metrics/stock-to-flow)
diff --git a/src/docs/metrics/pendle-markets/index.md b/src/docs/metrics/pendle-markets/index.md
new file mode 100644
index 00000000..c8690922
--- /dev/null
+++ b/src/docs/metrics/pendle-markets/index.md
@@ -0,0 +1,116 @@
+---
+title: Pendle Markets
+author: Filip
+date: 2025-03-01
+description: Pendle Markets Metrics
+---
+
+## Description
+Pendle Protocol is a decentralized finance (DeFi) platform that allows users to trade the future yield of tokenized 
+assets. By splitting yield-bearing tokens into principal and yield components, Pendle enables more flexible yield 
+management strategies. This opens up opportunities for users to hedge, speculate, or lock in fixed yields, which 
+isn’t typically possible in traditional DeFi staking. The protocol operates on Ethereum and other blockchain networks, 
+leveraging smart contracts to ensure secure and efficient transactions.
+
+Pendle Markets metrics:
+* `pendle_total_markets_tvl` - Total USD value locked across all Pendle markets for the selected asset
+* `pendle_underlying_apy` - Annual percentage yield (APY) of the underlying asset
+* `pendle_implied_apy` - Average implied yields of all markets for a selected asset, weighted by expiry date
+* `pendle_yield_spread` - Difference between the implied APY and the underlying APY
+
+---
+
+## Access
+
+[Restricted Access](/metrics/details/access#restricted-access)
+
+---
+
+## Measuring Unit
+
+* `pendle_total_markets_tvl`- Amount in USD
+* `pendle_underlying_apy`, `pendle_implied_apy` and `pendle_yield_spread` - Percentage
+
+---
+
+## Data Type
+
+[Timeseries Data](/metrics/details/data-type#timeseries-data)
+
+---
+
+## Frequency
+
+[Daily Intervals](/metrics/details/frequency#daily-frequency)
+
+---
+
+## Latency
+
+[On-Chain Latency](/metrics/details/latency#on-chain-latency)
+
+---
+
+## Available Assets
+
+Available for `ethena-staked-usde`
+
+---
+
+### SanAPI
+
+Pendle total markets TVL metric: `pendle_total_markets_tvl`
+
+```graphql
+{
+  getMetric(metric: "pendle_total_markets_tvl"){
+    timeseriesData(
+      slug: "ethena-staked-usde"
+      from: "2025-01-01T00:00:00Z"
+      to: "2025-01-10T00:00:00Z"
+      interval: "1d"){
+        datetime
+        value
+      }
+  }
+}
+```
+[Run in Explorer](<https://api.santiment.net/graphiql?variables=%7B%7D&query=%7B%0A%20%20getMetric(metric%3A%20%22pendle_total_markets_tvl%22)%7B%0A%20%20%20%20timeseriesData(%0A%20%20%20%20%20%20slug%3A%20%22ethena-staked-usde%22%0A%20%20%20%20%20%20from%3A%20%222025-01-01T00%3A00%3A00Z%22%0A%20%20%20%20%20%20to%3A%20%222025-01-10T00%3A00%3A00Z%22%0A%20%20%20%20%20%20interval%3A%20%221d%22)%7B%0A%20%20%20%20%20%20%20%20datetime%0A%20%20%20%20%20%20%20%20value%0A%20%20%20%20%20%20%7D%0A%20%20%7D%0A%7D>)
+
+
+APY metrics: `pendle_underlying_apy` and `pendle_implied_apy`
+
+```graphql
+{
+  getMetric(metric: "pendle_implied_apy"){
+    timeseriesData(
+      slug: "ethena-staked-usde"
+      from: "2025-01-01T00:00:00Z"
+      to: "2025-01-10T00:00:00Z"
+      interval: "1d"){
+        datetime
+        value
+      }
+  }
+}
+```
+[Run in Explorer](<https://api.santiment.net/graphiql?variables=%7B%7D&query=%7B%0A%20%20getMetric(metric%3A%20%22pendle_implied_apy%22)%7B%0A%20%20%20%20timeseriesData(%0A%20%20%20%20%20%20slug%3A%20%22ethena-staked-usde%22%0A%20%20%20%20%20%20from%3A%20%222025-01-01T00%3A00%3A00Z%22%0A%20%20%20%20%20%20to%3A%20%222025-01-10T00%3A00%3A00Z%22%0A%20%20%20%20%20%20interval%3A%20%221d%22)%7B%0A%20%20%20%20%20%20%20%20datetime%0A%20%20%20%20%20%20%20%20value%0A%20%20%20%20%20%20%7D%0A%20%20%7D%0A%7D>)
+
+
+Yield spread metric: `pendle_yield_spread`
+
+```graphql
+{
+  getMetric(metric: "pendle_yield_spread"){
+    timeseriesData(
+      slug: "ethena-staked-usde"
+      from: "2025-01-01T00:00:00Z"
+      to: "2025-01-10T00:00:00Z"
+      interval: "1d"){
+        datetime
+        value
+      }
+  }
+}
+```
+[Run in Explorer](<https://api.santiment.net/graphiql?variables=%7B%7D&query=%7B%0A%20%20getMetric(metric%3A%20%22pendle_yield_spread%22)%7B%0A%20%20%20%20timeseriesData(%0A%20%20%20%20%20%20slug%3A%20%22ethena-staked-usde%22%0A%20%20%20%20%20%20from%3A%20%222025-01-01T00%3A00%3A00Z%22%0A%20%20%20%20%20%20to%3A%20%222025-01-10T00%3A00%3A00Z%22%0A%20%20%20%20%20%20interval%3A%20%221d%22)%7B%0A%20%20%20%20%20%20%20%20datetime%0A%20%20%20%20%20%20%20%20value%0A%20%20%20%20%20%20%7D%0A%20%20%7D%0A%7D>)
diff --git a/src/docs/navigation.js b/src/docs/navigation.js
index 8badc48a..b45206d6 100644
--- a/src/docs/navigation.js
+++ b/src/docs/navigation.js
@@ -288,6 +288,7 @@ export const REFERENCES = [
       'Network Growth',
       'Network Profit Loss',
       'Open Interest',
+      'Pendle Markets',
       'Price Volatility',
       'Price',
       'RSI',