According to Token Terminal, Morpho Labs is currently the fastest-growing lending protocol, with active loans increasing by 31.1% over the past seven days.
This growth added $291 million to Morpho’s total value locked (TVL), which now stands at $1.23 billion.
Fastest growing lending protocol: @MorphoLabs
Active loans on Morpho are up 31.1% over the past 7d pic.twitter.com/klhluWEqZP
— Token Terminal (@tokenterminal) November 26, 2024
While Morpho’s growth rate is impressive, Aave demonstrated its dominance in absolute numbers. Aave recorded a 9.8% increase in TVL over the same period, translating to a staggering $990 million addition. This brought Aave’s total TVL to a commanding $11.1 billion.
Growth is all about perspective. 📊@MorphoLabs saw a strong 31.1% growth, adding $291M, bringing its TVL to $1.23B.
Aave grew by 9.8%, but that added a massive $990M, taking its TVL to $11.1B.Here’s the key takeaway:
Aave’s 7-day growth alone was over 3x Morpho’s total growth… https://t.co/ONRcWQdF3u— nandy.eth 🦇🔊 🇫🇷 ACI – DevCon 🇹🇭 (@Nandy_ba) November 28, 2024
The comparison between these two protocols highlights an important distinction between relative and absolute growth. While Morpho’s percentage increase outpaces Aave’s, the latter’s 7-day TVL growth alone is over three times Morpho’s total growth in dollar terms. Remarkably, Aave’s one-week increase even exceeded Morpho’s entire pre-growth TVL of $939 million.
In the stablecoin sector, Ethena Labs and Usual Money are emerging as the fastest-growing players, further diversifying the DeFi ecosystem’s expanding landscape.
This data emphasizes that while high growth percentages can signal strong momentum, absolute numbers often provide a more comprehensive view of market impact. Morpho Labs is clearly gaining traction and growing rapidly, but Aave’s dominance remains unmatched due to its sheer scale and capacity to attract massive inflows of capital.
The results are in…. 🥁
Our portcos @KrakenVentures are dominating Defi:
1️⃣ @MorphoLabs is the fastest growing lending protocol
2️⃣ @ethena_labs and @usualmoney are the fastest growing stablecoins
Lesson: Conviction in the bear market is awarded with momentum in the bull 🐂 pic.twitter.com/UioQ1g7EjX
— stablecoin stuti (@stutireal) November 27, 2024
As the decentralized finance space continues to mature, protocols like Morpho are showcasing their potential, while Aave solidifies its position as a market leader. Observers and investors alike will be keen to see how these dynamics evolve in the coming months.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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