Morpho New Loans - 2024
January 28th, 2025
Morpho experienced steady growth throughout 2024, launching on ETH in January and expanding to BASE in May.
By the end of 2024, Morpho ranked 4th in terms of new loans issued, with a total of 17 704 unique loan facilities activated.
It is important to note that "new loans" are defined not by individual borrow events, but by the activation of new loan facilities, similar to revolving credit facilities in traditional finance.
During the year, a total of 69 400 borrow events were recorded against the 17 704 facilities, averaging approximately four borrow events per open loan facility.
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