.@Morpho is becoming the default lending rail in DeFi.



Over the last 12 months, they've had:
+ 257K monthly active users
+ 44% MAU share across top lending apps
+ ~2.2× @aave’s user activity

Holding nearly 1 in every 2 lending users for a full year tells you this isn’t a run.

It’s integrations compounding, vaults routing volume and users coming back because the UX friction is lower.

But users alone don’t win. The real unlock is borrow depth:

→ deeper liquidity
→ resilience
→ becoming the default route for vaults and treasuries

That’s the line between popular and infrastructure.

Data: @tokenterminal
MORPHO2,31%
AAVE2,28%
DEFI12,54%
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