MorphoLabs KursMorpho

📆 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐂𝐚𝐥𝐞𝐧𝐝𝐚𝐫: $BTC 𝐖𝐡𝐢𝐭𝐞 𝐏𝐚𝐩𝐞𝐫 𝐀𝐧𝐧𝐢𝐯𝐞𝐫𝐬𝐚𝐫𝐲 & 𝐅𝐮𝐬𝐚𝐤𝐚 𝐨𝐧 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐓𝐞𝐬𝐭𝐧𝐞𝐭𝐬: ❌ OKX froze an account with $400,000 due to missing 2020 logs 💬 Experts assess the impact of the US government shutdown on the crypto market 🔥 Early $HYPE investor booked $148M in profits 🦄 Bitwise predicts Tether will lead among major companies 🌐 Opera launches AI browser Neon 🐋 Societe Generale’s subsidiary added stablecoins to Uniswap and Morpho ⚡️ Starknet L2 network launched Bitcoin staking 🏦 Former $XRP executive discusses CBDC projects’ impact on XRPL 💰 Andre Cronje’s project raised $200M for a DeFi exchange 🤖 Anthropic launched Claude Sonnet 4.5 - the “best” AI model for programming 💳 Visa integrates stablecoins into the Visa Direct platform 🚨❓ What to expect in Q4? WhiteBIT Chart (5D): BTC

$MORPHO achieved Target 3 done ✅

DeFi is back at scale. Total DeFi TVL has crossed $160B, the highest since the 2021 cycle, and within that, lending protocols dominate with $83.6B locked. ➢ Base APYs: 4–5% on stables, showing compression as capital floods in. ➢ Looping meta: Spark, Euler, and Morpho still unlock 20–25% compounded yields. ➢ Leaders: Aave ($41B, 49% share), Morpho ($8.5B), Spark ($5.5B), JustLend ($5.2B). ➢ Revenue power: $42.7M in fees and $5.56M revenue over the last 7d → $3.2B annualized fee run-rate. The story isn’t just deposits returning. It is that DeFi lending is monetizing like never before while offering permissionless yield curves that beat both banks and RWAs. ● Market Context: $130B Total, $85B Lending - Total DeFi TVL: $163B (cycle ATH), +100% since September 2024. - Lending share: $83.6B (≈65% of DeFi). This cycle’s composition is clear: money markets are once again the engine, powered by stablecoin inflows ($224B sector mcap, +76% YoY). Lending’s comeback follows the 2022 crash, when TVL cratered to $20B. Now, capital is flowing back into permissionless repo desks; Aave Arc’s $50B institutional bridge, Spark’s stablecoin yield layer, and Morpho’s peer-to-peer optimization. ● Key Players & Market Share 1️⃣ @aave - $40.98B TVL (≈49% market share). - $23.9M fees in the last 7d, $3.22M revenue. - $3M+ daily fee engine; AAVE token trades $300, with 8% staking yield. 2️⃣ @MorphoLabs - $8.55B TVL across 22 chains. - $3.8M fees in the last 7d. - Vaults delivering 10–15% APY; fixed-rate pilots attracting institutions. 3️⃣ @sparkdotfi - $5.5B TVL. - $1.6M fees in the last 7d. - $sUSDS yields 8–9% base; loops hit 12–13%. - $5.2B TVL. 4️⃣ JustLend (@DeFi_JUST) - Sub-1% base APY but loops via Morpho hit 12%+. - Anchors TRON’s $60B $USDT ecosystem, serving EM flows. 5️⃣ @eulerfinance - $1.64B TVL, +38x from post-hack lows. - $2.3M fees in the last 7d. - Permissionless markets allow 20–25% looped yields. ● Yield Dynamics: Looping as the Alpha Unlock ➢ Base lending rates are converging toward 4–5%. But leverage is back: ➢ Looping mechanics: Supply $USDC to Aave (4%), borrow $USDT at 2.5%, redeposit. At 90% LTV, 7–10x recursion compounds into 20–25% APYs. ➢ Volume impact: RedStone oracles estimate 30% of Ethereum lending activity is looped, creating $12–15B in open interest. ➢ Pendle tie-in: PT markets let users lock in fixed slices of those looped yields, further institutionalizing the strategy. Portfolio View: A 10–15% tilt toward looped stable strategies via Aave/Spark/Morpho can deliver uncorrelated 20%+ yields in a market still starved for real yield.

Now tracking @USDUfinance's USDU coin on our Stablecoins Dashboard USDU uses modular adapters (e.g., Curve, Morpho) to mint or redeem stablecoins based on liquidity conditions. Anyone can interact with the protocol by providing the opposite side of liquidity