Morpho Labs quickly wins popularity from day to day. According to data released by Token Terminal today, Morpho Labs is currently the largest credit protocol on the basic blockchain based on active loans. With the increasing demand for Defi, the supply of the platform increases.
ICYMI: @Morpholabs is currently the largest credit protocol on @Base, based on active loans.
Active loans represent the $ amount on which borrowers pay interest, which means that it correlates directly with the compensation metric of each credit protocol. pic.twitter.com/DW0NJ72UQR
– Token Terminal 📊 (@tokenterminal) April 11, 2025
Large loan protocols based
The amount of net deposits and active loans enabled Morpho Labs to appear as one of the prominent lenders in the basic network.
According to the data, Morpho Labs is the largest Defi protocol on the base in terms of active loans. It is currently leading the Defi Credit sector in the basic network with the highest active loans, which confirms its position to the front line of the basic ecosystem.
Aave followed with the second highest active loans in the basic network. This impressive record is supported by its extensive support for various crypto -assets and stablecoins, which appeal to a wide spectrum of lenders and borrowers.
The following is Moonwell, which currently has the third highest active loans on the basic network. Euler and liquid took the fourth and fifth positions in active loans.
In addition, viewing the data, other largest credit protocols on the basic sealmess protocol, connection, nerolating, Sito Finance and Venus.
Morpho Herdefines Defi Lending Protocol
This milestone shows a raised active user of Morpho Labs. The latest statistics show that Morph Labs currently has more than 27,200 million monthly users, making it a popular platform on the basis for users.
It performs better than other protocols such as Aave, Moonwell, Euuler, Compound and many others who have withdrawn steady but inconsistent user activity.
The broad active monthly user base on Morpho is attracted by better rates for lenders and borrowers, making it a favorite platform for Defi users.
Since 2022, Morpho has evolved as a Defi -credit platform and has become a powerful contender for large players in the landscape. Despite the launch recently after large players such as Aave and Compound have entered the space, Morpho has effectively built an active loan portfolio that is currently worth $ 2 billion.
One of the success factors is a trade solution that enables customers to develop adapted credit markets. With this method, borrowers can enjoy lower interest rates, while lenders benefit from higher profit. This model is very different from loan platforms such as Aave, Compound and others, where teams decide on rates based on supply and demand.
