X @Ignas | DeFi

Performance Comparison - Aave's price increased by 267% since last year, while Morpho's price increased by 8% [1] - Aave's Fully Diluted Valuation (FDV) is 350% higher than Morpho's [1] - Aave has 95% of its token supply circulating, compared to 32% for Morpho [1] - Aave has 100% of its tokens unlocked, compared to 17% for Morpho [1] Capital Efficiency - Each $1 of Aave's FDV supports approximately $370% of active loans, while for Morpho it supports approximately $170% [1] - Aave is nearly twice as capital efficient as Morpho when considering FDV relative to active loans [1] Tokenomics and Strategy - Aave is buying back $AAVE with real revenue [2] - Morpho is acquiring users through MORPHO emissions [2]