Total Outstanding Balance Morpho vs Industry as at Dec 2024
January 28th, 2025

On-chain lending experienced considerable growth in 2024, and the newly launched protocol, Morpho, was no exception. By the end of the year, Morpho closed with $ 1.4 bn in outstanding debt balances.
The majority of these balances (90%) are on Ethereum, with the remaining 10% on Base.
With DeFi outstanding debt balances increasing by nearly 300% in 2024 and Morpho’s remarkable growth during the year, Blockchain Bureau anticipates that the protocol will continue to attract new users and exhibit exponential growth.
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