Morpho’s total value locked tops $14B in August, setting all-time high

Morpho, a decentralized lending protocol, said on X its total value locked surpassed $14 billion in August, setting an all-time high. Morpho added it now accounts for about 25% of the crypto-collateralized lending market. A chart shared by the protocol showed BTC was the largest deposited asset at about $4.7 billion, followed by USDC at $3.5 billion and other stablecoins at $2.1 billion.