Pendle USDC Deposits Cross $60M Milestone
Pendle (PENDLE)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Pendle’s USDC deposits through a dedicated vault on Morpho have topped $60 million, according to an announcement shared on September 16th, 2026. This milestone marks a significant moment for decentralized finance as the figure represents a major accumulation for the protocol. The announcement highlights the growing adoption of Pendle’s vault structure on the Morpho network.
How the market reacted
Whalio's own Binance spot order flow for PENDLE, measured when this story was written up on 16 September 2026. Not the outlet's figures.
Since the announcement, PENDLE has traded at $2.26 with a spot volume of $6,748,185 over the last 24 hours. The buy ratio has remained steady at 49.1% for the past hour and 49.2% for the past four hours, compared to 47.6% over the last day, indicating that short-term buying pressure is stabilizing after a recent dip. Volume delta has been negative across all timeframes, with -$3,016 in the last hour, -$6,093 in the last four hours, and -$308,562 over the last day. This negative delta means that sell volume has exceeded buy volume, suggesting that despite the news, traders have been net sellers, with the cumulative volume delta closing at -$291,438 over the 24-hour period.
The latest daily buy ratio of 49.1% sits at the 43rd percentile of the last 324 days, against a median of 49.6% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PENDLE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.1%, while the latest day saw a ratio 1.5 percentage points lower, indicating a slight shift toward selling. Volume was 1.44 times the average, showing significantly higher activity than usual, while net buying occurred on only 1 of the 7 days. The price increased by 6.1% over the 8-day period, but the total volume delta for that span was -$710,942. This suggests that the recent price gain was driven by volume rather than sustained net buying, making this an unusual day characterized by high turnover but net outflow.