Base deposits on Morpho top Ethereum, Blockworks co-founder says

Deposits on Base in decentralized lending protocol MORPHO have surpassed those on Ethereum, Blockworks co-founder Michael Ippolito said on X. According to a chart Ippolito shared, deposits in the Base-based Morpho Blue market totaled about $6.19 billion from Aug. 31 to Sept. 6, exceeding Ethereum’s $6.09 billion. Ippolito added that while Base is facing heavy criticism, its direction appears different from Robinhood Chain.