Morpho Blue
lending
Ethereum 
Base 
Arbitrum Updated 44d ago
Total Value Locked
$6.5B
Total Borrowed
$968.2M
Markets
324
Avg Utilization
23.96%
Sort:
| Asset↕ | Chain↕ | Supply APY↕ | Borrow APY↕ | Utilization↕ | Total Supply↓ | Total Borrow↕ | LTV↕ | |
|---|---|---|---|---|---|---|---|---|
 USDC/K | | 297995.79% | 297995.79% | 100.00% | $848.7M | $848.7M | — | Supply |
| USDC/xUSD | | 297995.80% | 297995.80% | 100.00% | $31.7M | $31.7M | — | Supply |
| RLUSD/cbBTC | | 2.28% | 2.53% | 90.00% | $18.2M | $16.4M | — | Supply |
| USDC/mF-ONE | | 5.33% | 6.19% | 86.48% | $17.9M | $15.5M | — | Supply |
| USDC/PT-apxUSD | | 9.53% | 10.48% | 91.35% | $15.4M | $14.0M | — | Supply |
| USDC/PT-USDai | | 5.97% | 6.58% | 91.07% | $7.9M | $7.2M | — | Supply |
 PYUSD/wstETH | | 1.93% | 2.40% | 80.69% | $5.5M | $4.4M | — | Supply |
| PYUSD/ | | 0.00% | 0.00% | 0.00% | $5.0M | $0.00 | — | Supply |
 USDT0/sUSDS | | 2.66% | 3.02% | 88.35% | $4.8M | $4.3M | — | Supply |
 EURC/WBTC | | 0.26% | 0.43% | 59.67% | $4.0M | $2.4M | — | Supply |
| USDC/WBTC | | 5.72% | 6.29% | 91.18% | $3.8M | $3.5M | — | Supply |
 apxUSD/PT-apxUSD | | 8.15% | 9.19% | 89.08% | $2.8M | $2.5M | — | Supply |
 WBTC/LBTC | | 0.91% | 0.92% | 99.50% | $2.6M | $2.5M | — | Supply |
| USDT0/WBTC | | 3.21% | 3.56% | 90.17% | $2.2M | $2.0M | — | Supply |
| USDC/USR | | 297995.76% | 297995.76% | 100.00% | $2.0M | $2.0M | — | Supply |
| USDC/syzUSD | | 6.05% | 6.75% | 90.00% | $2.0M | $1.8M | — | Supply |
| USDT0/weETH | | 3.25% | 3.61% | 90.17% | $1.9M | $1.7M | — | Supply |
| USDT0/wsrUSD | | 2.75% | 3.06% | 90.00% | $1.4M | $1.3M | — | Supply |
 WETH/hgETH | | 4.02% | 4.48% | 90.08% | $1.2M | $1.1M | — | Supply |
| USDC/weETH | | 6.74% | 7.37% | 91.67% | $1.2M | $1.1M | — | Supply |
| WETH/weETH | | 1.54% | 1.92% | 80.35% | $1.1M | $884.4K | — | Supply |
 wstETH/ | | 0.00% | 0.00% | 0.00% | $1.1M | $0.00 | — | Supply |
| USDT0/WETH | | 3.25% | 3.61% | 90.22% | $982.1K | $886.0K | — | Supply |
| USDC/DUSD | | 0.00% | 1.00% | 0.00% | $500.4K | $1.90 | — | Supply |
| USDC/cbXRP | | 5.56% | 6.25% | 89.15% | $360.0K | $321.0K | — | Supply |
| PYUSD/PAXG | | 5.43% | 6.07% | 89.66% | $348.3K | $312.3K | — | Supply |
| USDC/WETH | | 7.45% | 8.09% | 92.34% | $244.0K | $225.3K | — | Supply |
| msETH/wstETH | | 8.45% | 8.45% | 100.00% | $217.9K | $217.9K | — | Supply |
| USDC/PT-USDai | | 8.61% | 10.20% | 85.08% | $195.1K | $166.0K | — | Supply |
| USDC/RLP | | 297995.80% | 297995.80% | 100.00% | $181.1K | $181.1K | — | Supply |
| USDC/AZND | | 6.95% | 7.83% | 89.10% | $162.4K | $144.7K | — | Supply |
| USDT0/siUSD | | 3.25% | 3.68% | 88.54% | $141.4K | $125.2K | — | Supply |
| WETH/ynETHx | | 397.04% | 397.04% | 100.00% | $121.5K | $121.5K | — | Supply |
| USDT/PT-cUSD | | 3.10% | 3.68% | 84.48% | $111.6K | $94.3K | — | Supply |
| USDC/syrupUS | | 1.84% | 3.07% | 60.47% | $103.3K | $62.5K | — | Supply |
| USDC/BAL | | 4.46% | 5.00% | 89.51% | $59.8K | $53.5K | — | Supply |
| EURC/cbBTC | | 1.30% | 1.49% | 87.53% | $53.9K | $47.2K | — | Supply |
| EURCV/steakU | | 0.82% | 0.91% | 90.13% | $52.1K | $47.0K | — | Supply |
| USDC/PT-reUSD | | 0.00% | 0.03% | 0.00% | $45.7K | $0.51 | — | Supply |
| USDC/PT-thBILL | | 16.08% | 19.62% | 83.24% | $25.6K | $21.3K | — | Supply |
| USDC/sUSDe | | 22.40% | 24.62% | 91.82% | $25.5K | $23.5K | — | Supply |
| USDCV/WBTC | | 7.81% | 13.47% | 59.54% | $22.9K | $13.7K | — | Supply |
| sUSDC/MUX3LP | | 0.00% | 0.03% | 0.01% | $20.6K | $2.01 | — | Supply |
| sUSDC/ | | 0.00% | 0.00% | 0.00% | $20.5K | $0.00 | — | Supply |
| WETH/beraSTO | | 15.66% | 18.76% | 84.60% | $20.4K | $17.3K | — | Supply |
| USDC/GLV [WB | | 19.65% | 21.46% | 92.28% | $10.5K | $9.7K | — | Supply |
 sUSDe/MUX3LP | | 0.00% | 0.03% | 0.22% | $10.4K | $22.58 | — | Supply |
| sUSDe/MUX3LP | | 0.00% | 0.03% | 0.00% | $10.3K | $0.00 | — | Supply |
| sUSDe/MUX3LP | | 0.00% | 0.03% | 0.00% | $10.3K | $0.00 | — | Supply |
| sUSDe/MUX3LP | | 0.00% | 0.03% | 0.00% | $10.3K | $0.00 | — | Supply |
Supply APY
2.28%
Borrow APY
2.53%
Utilization90.00%
Total Supply
$18.2M
Total Borrow
$16.4M
Supply APY
5.33%
Borrow APY
6.19%
Utilization86.48%
Total Supply
$17.9M
Total Borrow
$15.5M
Supply APY
9.53%
Borrow APY
10.48%
Utilization91.35%
Total Supply
$15.4M
Total Borrow
$14.0M
Supply APY
5.97%
Borrow APY
6.58%
Utilization91.07%
Total Supply
$7.9M
Total Borrow
$7.2M
Supply APY
8.15%
Borrow APY
9.19%
Utilization89.08%
Total Supply
$2.8M
Total Borrow
$2.5M
Supply APY
3.25%
Borrow APY
3.61%
Utilization90.22%
Total Supply
$982.1K
Total Borrow
$886.0K
Supply APY
5.56%
Borrow APY
6.25%
Utilization89.15%
Total Supply
$360.0K
Total Borrow
$321.0K
Supply APY
5.43%
Borrow APY
6.07%
Utilization89.66%
Total Supply
$348.3K
Total Borrow
$312.3K
Supply APY
8.45%
Borrow APY
8.45%
Utilization100.00%
Total Supply
$217.9K
Total Borrow
$217.9K
Supply APY
8.61%
Borrow APY
10.20%
Utilization85.08%
Total Supply
$195.1K
Total Borrow
$166.0K
Supply APY
3.25%
Borrow APY
3.68%
Utilization88.54%
Total Supply
$141.4K
Total Borrow
$125.2K
Supply APY
397.04%
Borrow APY
397.04%
Utilization100.00%
Total Supply
$121.5K
Total Borrow
$121.5K
Supply APY
3.10%
Borrow APY
3.68%
Utilization84.48%
Total Supply
$111.6K
Total Borrow
$94.3K
Supply APY
1.84%
Borrow APY
3.07%
Utilization60.47%
Total Supply
$103.3K
Total Borrow
$62.5K
Supply APY
0.82%
Borrow APY
0.91%
Utilization90.13%
Total Supply
$52.1K
Total Borrow
$47.0K
Supply APY
0.00%
Borrow APY
0.03%
Utilization0.00%
Total Supply
$45.7K
Total Borrow
$0.51
Supply APY
16.08%
Borrow APY
19.62%
Utilization83.24%
Total Supply
$25.6K
Total Borrow
$21.3K
Supply APY
22.40%
Borrow APY
24.62%
Utilization91.82%
Total Supply
$25.5K
Total Borrow
$23.5K
Supply APY
7.81%
Borrow APY
13.47%
Utilization59.54%
Total Supply
$22.9K
Total Borrow
$13.7K
Supply APY
15.66%
Borrow APY
18.76%
Utilization84.60%
Total Supply
$20.4K
Total Borrow
$17.3K
Supply APY
19.65%
Borrow APY
21.46%
Utilization92.28%
Total Supply
$10.5K
Total Borrow
$9.7K
Supply APY
0.00%
Borrow APY
0.03%
Utilization0.22%
Total Supply
$10.4K
Total Borrow
$22.58
Showing 1–50 of 324
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TVL History
TVL (USD)
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Morpho Blue Across Chains
Morpho Blue is deployed on 3 chains. Each deployment has independent liquidity pools and may offer different rates.
Compare Morpho Blue
See how Morpho Blue compares to other lending protocols in rates, TVL, and risk.
Morpho Blue is a permissionless lending primitive with isolated markets — each market has a single collateral/loan asset pair with immutable risk parameters (LLTV). Unlike pooled protocols, Morpho Blue markets are created by anyone and curated through MetaMorpho vaults that allocate liquidity across multiple markets. The protocol secures $6.5B across Ethereum, Base, Arbitrum with 324 markets. The best supply APY is 297995.80%, with 23.96% average utilization. Morpho Blue rate data is collected via GraphQL API every 5 minutes.