Aave and Morpho Lending Protocols Reach $100 Billion in Quarterly TVL

Leading DeFi platforms Aave and Morpho achieved a combined total value locked of $100 billion in the last quarter, setting a new industry record.

AAVE
MORPHO

Summary

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Terms & Concepts
  • Total Value Locked (TVL): A metric representing the total assets deposited in a decentralized finance protocol, indicating the scale and liquidity of the platform.
  • Aave: A decentralized lending protocol allowing users to lend and borrow cryptocurrencies without intermediaries.
  • Morpho: A DeFi protocol that optimizes on-chain lending efficiency by building on top of existing platforms like Aave and Compound.