Morpho Ousts Compound as Ethereum’s Second-Biggest DeFi Lender

Morpho Surpasses Compound in Total Value Borrowed on Ethereum

Morpho, a lending protocol built on top of Aave and Compound, has overtaken Compound in the total value borrowed on the Ethereum network. According to data from DefiLlama, Morpho crossed $903 million in total value borrowed on February 7, surpassing Compound’s $865 million. This achievement positions Morpho as a strong contender in the DeFi lending space.