Data: DeFi total TVL has dropped by 42% over the past year, while USDC deposits on Morpho have surged by 86% against the trend.
According to ChainCatcher, Token Terminal data shows that although the overall DeFi total value locked (TVL) has dropped by about 42% over the past 365 days, the USDC deposit size on the lending protocol Morpho has instead increased by approximately 86%, reaching around $2.8 billion.
The data indicates that against the backdrop of overall slowing DeFi growth, capital continues to flow into on-chain lending protocols represented by Morpho, reflecting that market demand for USDC yield-bearing lending products remains on the rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Saylor calls money “economic energy” and bets Bitcoin leaks the least
Luca Mining Q2 FY26 net earnings swing to USD 10.51 million; revenue rises to USD 58.41 million
Solocal reports 35,903,712 issued shares, 35,850,628 exercisable voting rights as of July 31
Crypto prices
More
