Pendle Surpasses $60 Million in Deposits Amid Bullish Momentum
Pendle's USDC Vault on Morpho has surpassed $60 million in deposits, marking it as the platform's top Armitage vault. This significant milestone comes amidst elevated liquidity growth and user demand for private lending features. The platform's recent launch of confidential cUSDC deposits through Morpho has enabled both institutional and individual users to participate in PT-backed lending activities.
The technical structure of PENDLE/USD remains bullish, with strong momentum and trading above its key moving averages. Analysts note that the asset is expected to move within a $2.2471 to $2.4689 range over the next few days, representing a volatility band relative to current levels.
Pendle's recent upgrades have expanded user engagement and product offerings, including the extension of sNET maturity on the Robinhood Chain through October 2026 and integration of Asseto's NGI+, which enables on-chain trading of private infrastructure yields. These developments are driving continued liquidity inflows and technical buy signals.