Morpho Blue
lending
Ethereum 
Base 
Arbitrum Updated 12m ago
Total Value Locked
$9.6B
Total Borrowed
$97.8M
Markets
132
Avg Utilization
37.37%
Sort:
| Asset↕ | Chain↕ | Supply APY↕ | Borrow APY↕ | Utilization↕ | Total Supply↓ | Total Borrow↕ | LTV↕ | |
|---|---|---|---|---|---|---|---|---|
 USDC/AZND | | 297995.80% | 297995.80% | 100.00% | $25.5M | $25.5M | — | Supply |
| USDC/mF-ONE | | 5.45% | 6.07% | 90.12% | $19.4M | $17.5M | — | Supply |
| USDC/PT-USD3 | | 5.96% | 6.64% | 90.10% | $17.9M | $16.2M | — | Supply |
| RLUSD/cbBTC | | 3.42% | 3.80% | 90.14% | $17.6M | $15.9M | — | Supply |
| USDC/PT-apxUSD | | 9.53% | 10.48% | 91.35% | $15.4M | $14.0M | — | Supply |
 PYUSD/wstETH | | 3.87% | 4.28% | 90.49% | $3.1M | $2.8M | — | Supply |
 EURC/WBTC | | 2.35% | 2.73% | 86.17% | $1.7M | $1.5M | — | Supply |
| USDC/PT-strUSD | | 5.57% | 6.15% | 90.84% | $1.4M | $1.3M | — | Supply |
 WETH/hgETH | | 4.02% | 4.48% | 90.08% | $1.2M | $1.1M | — | Supply |
 WBTC/LBTC | | 0.24% | 0.34% | 71.65% | $702.3K | $503.2K | — | Supply |
| EURCV/steakU | | 0.97% | 1.03% | 94.93% | $651.4K | $618.4K | — | Supply |
| USDC/syzUSD | | 2.45% | 2.80% | 87.72% | $539.4K | $473.2K | — | Supply |
 wstETH/ | | 0.00% | 0.00% | 0.00% | $532.1K | $0.00 | — | Supply |
| PYUSD/PAXG | | 5.43% | 6.07% | 89.66% | $348.3K | $312.3K | — | Supply |
| PYUSD/ | | 0.00% | 0.00% | 0.00% | $58.5K | $0.00 | — | Supply |
| EURC/cbBTC | | 2.43% | 2.88% | 84.69% | $56.8K | $48.1K | — | Supply |
| USDC/BAL | | 4.49% | 5.00% | 90.01% | $45.8K | $41.2K | — | Supply |
| USDC/LsETH | | 3.12% | 3.55% | 88.13% | $33.5K | $29.5K | — | Supply |
 USDT/PT-cUSD | | 10.33% | 13.69% | 76.64% | $23.3K | $17.9K | — | Supply |
| eUSD/ | | 0.00% | 0.00% | 0.00% | $22.7K | $0.00 | — | Supply |
| WETH/beraSTO | | 4.22% | 5.26% | 80.57% | $15.9K | $12.8K | — | Supply |
| AUSD/PRIME | | 4.87% | 5.57% | 87.79% | $12.5K | $10.9K | — | Supply |
 XAUt/XAUE | | 0.99% | 1.19% | 83.25% | $11.3K | $9.4K | — | Supply |
| USDC/PT-sUSDD | | 3.43% | 3.82% | 90.00% | $6.6K | $6.0K | — | Supply |
 apxUSD/PT-apxUSD | | 0.00% | 0.15% | 2.11% | $4.1K | $86.19 | — | Supply |
| USDC/GOLDX | | 7.48% | 8.73% | 86.29% | $3.5K | $3.1K | — | Supply |
| AUSD/wstETH | | 4.02% | 4.90% | 82.45% | $1.5K | $1.2K | — | Supply |
| USDCV/WBTC | | 53.26% | 60.34% | 90.79% | $1.1K | $987.66 | — | Supply |
| USDC/Wrapped-LP-sUSDE | | 297383.41% | 297455.38% | 100.00% | $867.99 | $867.99 | — | Supply |
| USDCV/wstETH | | 26.79% | 34.29% | 80.92% | $525.63 | $425.35 | — | Supply |
| USDT/Wrapped-LP-sUSDE | | 0.14% | 28.47% | 0.55% | $476.23 | $2.62 | — | Supply |
| USDT/Wrapped-LP-eUSDE | | 297995.80% | 297995.80% | 100.00% | $273.59 | $273.59 | — | Supply |
| USDC/PT-eUSDE | | 297995.80% | 297995.80% | 100.00% | $168.49 | $168.49 | — | Supply |
 DAI/USDe | | 0.03% | 0.06% | 45.31% | $147.79 | $66.96 | — | Supply |
| USDC/sBTCD | | 0.00% | 0.52% | 0.00% | $90.12 | $0.00 | — | Supply |
| USDC/PT-wstUSR | | 0.00% | 0.03% | 0.01% | $57.84 | $0.01 | — | Supply |
| USDC/FLHYon | | 4.29% | 4.76% | 90.30% | $56.43 | $50.96 | — | Supply |
| USDC/USDCUSD | | 38656.49% | 38843.41% | 100.00% | $19.83 | $19.83 | — | Supply |
 USDS/JOE | | 936.19% | 1080.80% | 97.23% | $19.32 | $18.79 | — | Supply |
| USDC/CRNC | | 0.08% | 0.17% | 50.01% | $10.00 | $5.00 | — | Supply |
| USDC/PT-wsrUSD | | 24.45% | 49.80% | 56.74% | $9.39 | $5.33 | — | Supply |
| BOLD/WBTC | | 0.02% | 0.05% | 30.57% | $6.58 | $2.01 | — | Supply |
 USDe/PT-tUSDe | | 54.54% | 78.71% | 79.12% | $5.99 | $4.74 | — | Supply |
| eUSD/USD3 | | 0.00% | 0.03% | 9.49% | $5.58 | $0.53 | — | Supply |
| WETH/rsETH | | 0.00% | 0.03% | 1.04% | $4.03 | $0.04 | — | Supply |
| LBTC/eBTC | | 0.16% | 13.90% | 1.29% | $3.43 | $0.04 | — | Supply |
| wUSDL/wstETH | | 722.02% | 722.02% | 100.00% | $3.00 | $3.00 | — | Supply |
| USD0/USD0++ | | 40472.30% | 40472.30% | 100.00% | $2.64 | $2.64 | — | Supply |
 EURe/wstETH | | 3.66% | 4.08% | 90.07% | $2.34 | $2.11 | — | Supply |
| USDT/PT-csUSDL | | 0.00% | 0.03% | 0.00% | $1.85 | $0.00 | — | Supply |
Supply APY
5.45%
Borrow APY
6.07%
Utilization90.12%
Total Supply
$19.4M
Total Borrow
$17.5M
Supply APY
5.96%
Borrow APY
6.64%
Utilization90.10%
Total Supply
$17.9M
Total Borrow
$16.2M
Supply APY
3.42%
Borrow APY
3.80%
Utilization90.14%
Total Supply
$17.6M
Total Borrow
$15.9M
Supply APY
9.53%
Borrow APY
10.48%
Utilization91.35%
Total Supply
$15.4M
Total Borrow
$14.0M
Supply APY
5.57%
Borrow APY
6.15%
Utilization90.84%
Total Supply
$1.4M
Total Borrow
$1.3M
Supply APY
0.97%
Borrow APY
1.03%
Utilization94.93%
Total Supply
$651.4K
Total Borrow
$618.4K
Supply APY
2.45%
Borrow APY
2.80%
Utilization87.72%
Total Supply
$539.4K
Total Borrow
$473.2K
Supply APY
5.43%
Borrow APY
6.07%
Utilization89.66%
Total Supply
$348.3K
Total Borrow
$312.3K
Supply APY
10.33%
Borrow APY
13.69%
Utilization76.64%
Total Supply
$23.3K
Total Borrow
$17.9K
Supply APY
4.22%
Borrow APY
5.26%
Utilization80.57%
Total Supply
$15.9K
Total Borrow
$12.8K
Supply APY
3.43%
Borrow APY
3.82%
Utilization90.00%
Total Supply
$6.6K
Total Borrow
$6.0K
Supply APY
0.00%
Borrow APY
0.15%
Utilization2.11%
Total Supply
$4.1K
Total Borrow
$86.19
Supply APY
53.26%
Borrow APY
60.34%
Utilization90.79%
Total Supply
$1.1K
Total Borrow
$987.66
Supply APY
297383.41%
Borrow APY
297455.38%
Utilization100.00%
Total Supply
$867.99
Total Borrow
$867.99
Supply APY
26.79%
Borrow APY
34.29%
Utilization80.92%
Total Supply
$525.63
Total Borrow
$425.35
Supply APY
0.14%
Borrow APY
28.47%
Utilization0.55%
Total Supply
$476.23
Total Borrow
$2.62
Supply APY
297995.80%
Borrow APY
297995.80%
Utilization100.00%
Total Supply
$273.59
Total Borrow
$273.59
Supply APY
297995.80%
Borrow APY
297995.80%
Utilization100.00%
Total Supply
$168.49
Total Borrow
$168.49
Supply APY
0.00%
Borrow APY
0.03%
Utilization0.01%
Total Supply
$57.84
Total Borrow
$0.01
Supply APY
4.29%
Borrow APY
4.76%
Utilization90.30%
Total Supply
$56.43
Total Borrow
$50.96
Supply APY
38656.49%
Borrow APY
38843.41%
Utilization100.00%
Total Supply
$19.83
Total Borrow
$19.83
Supply APY
24.45%
Borrow APY
49.80%
Utilization56.74%
Total Supply
$9.39
Total Borrow
$5.33
Supply APY
54.54%
Borrow APY
78.71%
Utilization79.12%
Total Supply
$5.99
Total Borrow
$4.74
Supply APY
722.02%
Borrow APY
722.02%
Utilization100.00%
Total Supply
$3.00
Total Borrow
$3.00
Supply APY
40472.30%
Borrow APY
40472.30%
Utilization100.00%
Total Supply
$2.64
Total Borrow
$2.64
Supply APY
0.00%
Borrow APY
0.03%
Utilization0.00%
Total Supply
$1.85
Total Borrow
$0.00
Showing 1–50 of 132
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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 $9.6B across Ethereum, Base, Arbitrum with 132 markets. The best supply APY is 297995.80%, with 37.37% average utilization. Morpho Blue rate data is collected via GraphQL API every 5 minutes.