Pendle USDC Vault TVL Surpasses $75 Million
Pendle (PENDLE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Pendle’s USDC vault has reached a new milestone, exceeding $75 million in total value locked (TVL). This achievement positions the vault among the top eight vaults on Ethereum, highlighting its growing importance within the decentralized finance landscape. The vault’s expansion suggests enhanced liquidity and creates potential new opportunities for borrowing and lending activities.
As of September 28, 2026, the vault has attracted substantial user interest, driven by its high annual percentage yield relative to competitors. This growth signals increasing confidence in the Pendle ecosystem as more participants seek deeper liquidity pools. While the broader market shows mixed signals and fluctuating momentum, Pendle’s specific performance stands out.
The robust demand for USDC liquidity is evident in the vault’s TVL figures. However, the absence of trading volume indicates a potential buildup phase where participants are assessing the evolving landscape. DeFi enthusiasts are showing particular interest in these competitive yields offered by the protocol.
How the market reacted
Whalio's own Binance spot order flow for PENDLE, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Pendle is currently trading at $2.64 with a 24-hour spot volume of $4,610,250. The 1-hour buy ratio stands at 56.1%, which is higher than the 4-hour ratio of 50.1% and the 24-hour ratio of 52.9%, indicating that buying pressure is building in the short term. The volume delta reflects this activity, showing +$34,735 over the last hour compared to +$3,478 over four hours. The cumulative volume delta for the 24-hour close is +$281,807, confirming net buying dominance. The buy ratio represents the proportion of buy volume relative to total volume, while the volume delta measures the net difference between buy and sell volume. These metrics suggest that buyers are currently outweighing sellers on Binance spot markets.
The latest daily buy ratio of 52.5% sits at the 82nd percentile of the last 323 days, against a median of 49.6% - stronger buying than most days.
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 50.6%, making today’s 24-hour ratio of 52.9% an increase of 2.3 points. The 24-hour volume of $4,610,250 is lower than the weekly average, recorded at 0.61 times the normal level. Net buying occurred on 5 of the last 7 days, with a total volume delta of +$831,666 for the period. The price has decreased by 2.9% over the last 8 days despite the net positive volume delta. This indicates that while buying pressure has been present, it has not been sufficient to drive a price increase over the weekly timeframe.