Morpho Blue closes in on Aave V3 in stablecoin supply
- —Morpho Blue holds $7.5B in stablecoins versus $7.9B at Aave V3
- —Aave V3 commands 36.1% share of the $24B pool, Morpho Blue 31.6%
- —Morpho added about $304M week-over-week as DeFi TVL held near $87.8B
- —Morpho Blue utilization has run at 89–93% on Ethereum and Base
Why it matters: With two protocols holding two-thirds of tracked stablecoin deposits, inflows on Base and Ethereum could decide whether Morpho overtakes Aave in the coming weeks.
Source: Crypto Briefing