Morpho Labs Overtakes AAVE As The Largest DeFi Protocol On Base
The post Morpho Labs Overtakes AAVE As The Largest DeFi Protocol On Base appeared on BitcoinEthereumNews.com.
Morpho Labs is rapidly gaining popularity day by day. According to data released by Token Terminal today, Morpho Labs is currently the largest lending protocol on the Base blockchain based on active loans. With the rising demand for DeFi, the platform’s supply surges. ICYMI: @MorphoLabs is currently the biggest lending protocol on @base, based on active loans. Active loans represents the $ amount that borrowers pay interest on, which means that it correlates directly with the Fees metric of each lending protocol. pic.twitter.com/Dw0Nj72Uqr — Token Terminal 📊 (@tokenterminal) April 11, 2025 Major lending protocols on Base The quantity of net deposits and active loans enabled Morpho Labs to emerge as one of the prominent lending providers in the Base network. As per the data, Morpho Labs is the biggest DeFi protocol on Base in terms of active loans. It currently leads the DeFi lending sector in the Base network with the highest active loans, cementing its position at the front line of the Base ecosystem. AAVE followed with the second-highest active loans in the Base network. This impressive record is backed by its extensive support for various crypto assets and stablecoins, which appeal to a broad spectrum of lenders and borrowers. Next is MOONWELL, which currently holds the third-highest active loans on the Base network. EULER and FLUID occupied the fourth and fifth positions in active loans. Furthermore, looking at the data, other largest lending protocols on Base include SEALMESS PROTOCOL, COMPOUND, ZEROLEND, SITO FINANCE, and VENUS. Morpho redefines DeFi lending protocol This milestone shows an increased active user adoption of Morpho Labs. The latest metrics show that Morph Labs currently has over 27,200 million monthly users, making it a popular platform on Base for users. It outperforms other protocols like AAVE, MOONWELL, EUELER, COMPOUND, and many others that have…
Filed under: News - @ April 12, 2025 1:24 pm