Crypto

Pendle's USDC Vault Surpasses $75 Million in Total Value Locked

Guavy AI Editorial Team Published September 28, 2026

Instruments

ETH USDC

Pendle's USDC vault has reached an impressive milestone, surpassing $75 million in total value locked (TVL) by September 28th. This growth highlights the vault's significance within the DeFi landscape and its ranking among the top eight vaults on Ethereum.

The success of Pendle's USDC vault is notable amidst a market with mixed signals. Its high annual percentage yield (APY) compared to competitors has attracted substantial user interest, benefiting from deeper liquidity pools for DeFi activities.

Pendle's innovative approach in the USDC vault offers users the highest base APY among its peers, directing all deposits towards PT markets and facilitating increased USDC borrow liquidity. This expansion indicates a positive trend in DeFi engagement as user adoption increases.

Pendle's USDC Vault Surpasses $75 Million in Total Value Locked

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