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Total Outstanding Balance Morpho vs Industry as at Dec 2024

Total Outstanding Balance Morpho vs Industry as at Dec 2024

January 28th, 2025

Total Outstanding Balance Morpho vs Industry as at Dec 2024

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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