Morpho
Vaults, variable rate markets and fixed rate markets — live protocol data
669 markets · Updated 2026-10-07 12:55 UTCOutstanding Loans$5,297,791,517
| Network | Loan | Collateral | LLTV | Trusted by | Outstanding Loans▼ | Total Liquidity | Borrow Rate (6h) | Lend Rate (6h) | Utilization |
|---|---|---|---|---|---|---|---|---|---|
 Base |  USDC |  cbBTC | 86.00% |   | 1.53B USDC $1.53B | 173.43M USDC $173.41M | 4.92% | 4.42% | 90.03% |
| Base | USDC |  USDe | 91.50% |   | 351.54M USDC $351.48M | 38.89M USDC $38.88M | 4.15% | 3.72% | 90.04% |
 Robinhood Chain |  USDG | USDe | 91.50% |   | 317.53M USDG $317.52M | 35.11M USDG $35.10M | 4.11% | 3.68% | 90.04% |
 Ethereum | USDC | cbBTC | 86.00% |   | 303.56M USDC $303.52M | 38.55M USDC $38.54M | 4.80% | 4.29% | 88.81% |
| Ethereum |  RLUSD |  kBTC | 86.00% |  | 212.72M RLUSD $212.71M | 22.36M RLUSD $22.36M | 4.02% | 3.63% | 90.49% |
| Ethereum |  PYUSD |  PRIME | 86.00% | | 186.45M PYUSD $186.36M | 23.66M PYUSD $23.65M | 4.99% | 4.41% | 88.74% |
| Ethereum | PYUSD | kBTC | 86.00% | | 144.47M PYUSD $144.41M | 15.97M PYUSD $15.96M | 4.20% | 3.77% | 90.05% |
| Ethereum |  USDT |  wstETH | 86.00% |   | 123.97M USDT $123.94M | 33.89M USDT $33.89M | 3.20% | 2.50% | 78.53% |
| Robinhood Chain | USDG |  syrupUSDG | 91.50% | | 118.32M USDG $118.32M | 14.79M USDG $14.79M | 4.04% | 3.58% | 88.89% |
| Ethereum | USDC |  WBTC | 86.00% | | 116.02M USDC $116.00M | 13.89M USDC $13.88M | 5.11% | 4.54% | 89.31% |
| Ethereum | USDC |  PT-reUSD-10DEC2026 | 91.50% | | 101.00M USDC $100.98M | 8.80M USDC $8.80M | 9.29% | 8.28% | 91.98% |
| Ethereum | RLUSD |  weETH | 86.00% | | 94.11M RLUSD $94.11M | 12.95M RLUSD $12.95M | 4.23% | 3.71% | 87.91% |
| Base | USDC |  WETH | 86.00% | | 94.03M USDC $94.02M | 183.34M USDC $183.32M | 4.94% | 4.43% | 90.01% |
| Ethereum | PYUSD |  sUSDe | 91.50% | | 93.43M PYUSD $93.39M | 11.13M PYUSD $11.12M | 4.20% | 3.74% | 89.36% |
| Ethereum | USDT | WBTC | 86.00% | | 78.75M USDT $78.73M | 21.65M USDT $21.64M | 3.20% | 2.50% | 78.44% |
| Ethereum | WETH | wstETH | 96.50% |  | 28.13K WETH $72.23M | 12.08K WETH $31.02M | 1.95% | 1.59% | 72.33% |
| Ethereum | PYUSD |  PST | 86.00% | | 58.93M PYUSD $58.91M | 6.09M PYUSD $6.09M | 7.85% | 7.09% | 90.63% |
| Base | USDC |  cbXRP | 62.50% | | 57.41M USDC $57.40M | 7.04M USDC $7.04M | 6.23% | 5.59% | 90.03% |
| Ethereum | PYUSD |  syrupUSDC | 91.50% | | 55.93M PYUSD $55.91M | 8.99M PYUSD $8.99M | 4.46% | 3.83% | 86.15% |
| Ethereum | USDT |  sUSDS | 96.50% |  | 54.89M USDT $54.88M | 6.20M USDT $6.19M | 3.06% | 2.75% | 89.86% |
| Ethereum | RLUSD | USDe | 91.50% | | 46.25M RLUSD $46.25M | 3.75M RLUSD $3.75M | 5.32% | 4.89% | 92.50% |
| Ethereum | USDC | weETH | 86.00% | | 39.19M USDC $39.18M | 6.99M USDC $6.99M | 4.88% | 4.36% | 88.28% |
| Base | USDC |  mGLO | 91.50% |  | 34.79M USDC $34.78M | 4.00M USDC $4.00M | 5.55% | 4.98% | 89.87% |
 Monad | USDC |  aHYPER | 77.00% | | 34.48M USDC $34.47M | 5.75M USDC $5.75M | 8.67% | 9.56% | 85.71% |
| Ethereum | USDC | PST | 86.00% |   | 33.01M USDC $33.01M | 4.69M USDC $4.69M | 6.56% | 5.71% | 87.56% |
669 markets · Page 1 of 27
Morpho Blue is the fixed-spread lending marketplace underlying Morpho. This page tracks 669 variable rate markets — supply and borrow sizes, collateral, utilization, supply/borrow APY and liquidation-to-loan value (LLTV) — updated every 15 minutes. How DeFi lending works