Crypto news site Coin World reports that, according to data on A’s early issuance, DeFi’s total value locked (TVL) over the past 365 days fell by about 42%. The amount of USDC deposits on the lending protocol Morpho grew by about 86%, reaching approximately $2.8 billion.

MORPHO-1.52%
USDC0.03%
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GlassDomeObservatory
· 6h ago
Morpho’s 86% growth in USDC deposits is indeed impressive—structural opportunities amid the overall decline in TVL
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PatchNotes
· 6h ago
DeFi as a whole has shrunk by 40%, yet funds are concentrating into more efficient lending protocols—interesting.
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