DeFi overall TVL shrank by 40%, but Morpho’s USDC deposits rose against the trend by 86% to $2.8 billion—this divergence is quite interesting

MORPHO0.57%
USDC0.01%
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CoinNetwork
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.
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