Pendle STRCx deposits hit record $50.4 million on Ethereum

The tokenized version of Strategy Inc.'s preferred stock keeps pulling capital into Pendle's yield markets ahead of a switch to daily dividend accruals STRCx deposits on Pendle ’s Ethereum deployment have reached an all-time high of $50.4 million. STRCx is a tokenized representation of STRC, the variable-rate perpetual preferred stock issued by Strategy Inc . and listed on Nasdaq. Think of it as a blockchain-native wrapper that lets the security move through DeFi apps instead of sitting in a brokerage account. The underlying stock pays variable dividends. Those payouts have recently been in the range of 11.5% to 12%, according to the research findings. The record comes after a rapid climb. As of October 16, 2026, STRCx held approximately $39.8 million in DeFi deposits on Pendle.

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