Pendle’s STRCx Deposits on Ethereum Reach Record $50.4 Million

A record $50.4 million in STRCx deposits was logged on Pendle’s Ethereum deployment Wednesday, Oct. 28, giving the decentralized finance platform a new high for that token on that network.

Pendle’s official account said Thursday, Oct. 29, that STRCx on the platform had passed $50 million and represented “~30% of total STRCx supply.”

Tokenized-stock deposits across DeFi totaled $301.7 million, up 2,539% year over year. It listed more than $100 million on Solana, $70.4 million on Robinhood Chain and $52.6 million on Ethereum.

The record and the broader tally cover different scopes. The figures cover different scopes, and the broader total has no stated data cutoff, so they do not provide a direct comparison of Pendle’s overall share.

Asset-level total value locked measures how much of an individual asset is held in onchain applications, with totals separated by protocol and product. That measure differs from a venue-wide total covering multiple assets. Earlier coverage tracked a $16 million 30-day increase in Pendle’s tokenized-stock TVL, a change over time rather than the STRCx balance on Ethereum.