Just saw the news earlier, Morpho completed $175 million in funding, with a16z Crypto and Paradigm leading the investment!



Oh my, I mentioned this token during my live stream, a DeFi on the Base public chain. Base is Coinbase’s public chain, and being able to collaborate with them is very powerful. The price at that time was around 1.2.

The most regretful thing is that at that time, a student came to Chongqing to learn and asked me to recommend two clone projects. I recommended ones related to $MORPHO. A few days ago, they told me they didn’t get in 😀😀😀

Forget it, if I didn’t get in, I’ll choose others. Currently, the only DeFi projects that can compete are Morph, Compound, and Curve, but they’re all not doing well anymore. Recently, I’ve been watching these two tokens; they really can’t hold up. Even Aave has dropped to around 60. Before, there was a sharp decline due to stETH, but I saw Morpho still holding relatively strong.

I just verified the data: Aave’s TVL is $12 billion, with a profit of $120 million; Morpho’s TVL is $6.4 billion, with a loss of $17 million. TVL is half of Aave’s. Aave is still multi-chain and cross-chain, but there’s still a lot of room for profit growth. The projects losing money, seeing top-tier institutions in the crypto space raising so much funding, must be seeing the future prospects!
$AAVE $MORPHO
AAVE3.23%
MORPHO8.12%
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