DeFi· ★★★★· bullish·

Morpho launches Morpho Midnight with offer-based onchain credit markets on Base

  • —Midnight handles fixed-rate, fixed-term credit; Morpho Blue covers variable-rate lending
  • —Coinbase has over $1.4 billion in active loans through Morpho Blue as of September 2026
  • —Robinhood reports more than $250 million in Earn deposits backing Midnight fixed-rate products
  • —Onchain credit is estimated at $60 billion versus a $200 trillion global credit market
Why it matters: Morpho is moving beyond pooled lending into structured onchain credit, widening DeFi's access to institutional capital.
#MORPHO
Source: Crypto Briefing
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