Lending Rate Comparison
Real-time supply & borrow rates across DeFi protocols
Protocol:
USDC
USD Coin
Best Supply APY
22.40%
Morpho Blue · Arbitrum
Lowest Borrow APY
0.03%
Morpho Blue · Ethereum
Total Liquidity
$52.8M
across 18 markets
Sort:
| Protocol↕ | Chain↕ | Supply APY↓ | Borrow APY↕ | Utilization↕ | Total Supply↕ | Total Borrow↕ | |
|---|---|---|---|---|---|---|---|
 Arbitrum | 22.40% | 24.62% | 91.82% | $25.5K | $23.5K | Supply | |
| Arbitrum | 10.26% | 13.10% | 79.38% | $12.1K | $9.6K | Supply | |
 Ethereum | 9.53% | 10.48% | 91.35% | $15.4M | $14.0M | Supply | |
| Arbitrum | 9.09% | 11.69% | 78.74% | $209.8K | $165.2K | Supply | |
| Ethereum | 8.98% | 9.96% | 90.58% | $4.2M | $3.8M | Supply | |
| Arbitrum | 7.32% | 8.11% | 90.59% | $95.5K | $86.6K | Supply | |
| Ethereum | 7.12% | 8.03% | 89.06% | $161.9K | $144.2K | Supply | |
| Ethereum | 6.54% | 7.60% | 86.41% | $16.2M | $14.0M | Supply | |
| Ethereum | 5.95% | 6.76% | 88.33% | $2.2M | $2.0M | Supply | |
| Arbitrum | 5.22% | 5.72% | 91.53% | $2.7M | $2.4M | Supply | |
 Base | 5.10% | 5.79% | 88.38% | $332.4K | $293.8K | Supply | |
| Ethereum | 5.09% | 5.68% | 90.00% | $59.3K | $53.4K | Supply | |
| Arbitrum | 5.01% | 5.50% | 91.32% | $227.9K | $208.2K | Supply | |
| Arbitrum | 4.70% | 5.19% | 90.80% | $6.5M | $5.9M | Supply | |
| Arbitrum | 3.89% | 4.33% | 90.20% | $3.9M | $3.5M | Supply | |
| Arbitrum | 3.69% | 4.09% | 90.19% | $10.2K | $9.2K | Supply | |
| Arbitrum | 3.69% | 4.47% | 82.80% | $599.2K | $496.2K | Supply | |
| Ethereum | 0.00% | 0.03% | 0.00% | $45.7K | $0.51 | Supply |
ArbitrumSupply APY
22.40%
Borrow APY
24.62%
Utilization91.82%
Total Supply
$25.5K
Total Borrow
$23.5K
ArbitrumSupply APY
10.26%
Borrow APY
13.10%
Utilization79.38%
Total Supply
$12.1K
Total Borrow
$9.6K
EthereumSupply APY
9.53%
Borrow APY
10.48%
Utilization91.35%
Total Supply
$15.4M
Total Borrow
$14.0M
ArbitrumSupply APY
9.09%
Borrow APY
11.69%
Utilization78.74%
Total Supply
$209.8K
Total Borrow
$165.2K
EthereumSupply APY
8.98%
Borrow APY
9.96%
Utilization90.58%
Total Supply
$4.2M
Total Borrow
$3.8M
ArbitrumSupply APY
7.32%
Borrow APY
8.11%
Utilization90.59%
Total Supply
$95.5K
Total Borrow
$86.6K
EthereumSupply APY
7.12%
Borrow APY
8.03%
Utilization89.06%
Total Supply
$161.9K
Total Borrow
$144.2K
EthereumSupply APY
6.54%
Borrow APY
7.60%
Utilization86.41%
Total Supply
$16.2M
Total Borrow
$14.0M
EthereumSupply APY
5.95%
Borrow APY
6.76%
Utilization88.33%
Total Supply
$2.2M
Total Borrow
$2.0M
ArbitrumSupply APY
5.22%
Borrow APY
5.72%
Utilization91.53%
Total Supply
$2.7M
Total Borrow
$2.4M
BaseSupply APY
5.10%
Borrow APY
5.79%
Utilization88.38%
Total Supply
$332.4K
Total Borrow
$293.8K
EthereumSupply APY
5.09%
Borrow APY
5.68%
Utilization90.00%
Total Supply
$59.3K
Total Borrow
$53.4K
ArbitrumSupply APY
5.01%
Borrow APY
5.50%
Utilization91.32%
Total Supply
$227.9K
Total Borrow
$208.2K
ArbitrumSupply APY
4.70%
Borrow APY
5.19%
Utilization90.80%
Total Supply
$6.5M
Total Borrow
$5.9M
ArbitrumSupply APY
3.89%
Borrow APY
4.33%
Utilization90.20%
Total Supply
$3.9M
Total Borrow
$3.5M
ArbitrumSupply APY
3.69%
Borrow APY
4.09%
Utilization90.19%
Total Supply
$10.2K
Total Borrow
$9.2K
ArbitrumSupply APY
3.69%
Borrow APY
4.47%
Utilization82.80%
Total Supply
$599.2K
Total Borrow
$496.2K
EthereumSupply APY
0.00%
Borrow APY
0.03%
Utilization0.00%
Total Supply
$45.7K
Total Borrow
$0.51
Rates updated every 5 minutes from on-chain RPC data
Compare USDC lending rates across 18 markets. The current best supply rate is 22.40% on Morpho Blue. DeFi lending rates represent the annual percentage yield (APY) earned by suppliers or paid by borrowers on a given asset. Supply APY is determined by the utilization rate of each market — as more capital is borrowed, rates increase to incentivize new deposits. Borrow APY reflects the cost of taking a loan against deposited collateral. Rates vary significantly across protocols and chains due to differences in risk parameters, liquidity depth, and incentive programs. DeFi Terminal polls these rates every 5 minutes directly from on-chain smart contracts, providing accurate, real-time comparisons. When evaluating where to lend or borrow, it is important to consider not only the headline APY but also the total liquidity available, the protocol's risk profile, and the specific chain's gas costs. Higher rates often come with higher risk or lower liquidity.