X @BSCN

MORPHO QUIETLY PASSED $7B TVL TO BECOME THE NUMBER TWO DEFI LENDERMorpho (@MorphoLabs) sits at $7.2B in TVL this week per DefiLlama, second only to @aave. The protocol triples its ETH-denominated TVL year over year to 2.9M ETH, with $174.6M in annualized fees and a $1.4B market cap on $MORPHO at $2.28.During the April 18 KelpDAO exploit that stuck Aave with roughly $200M in bad debt, Morpho's exposure was $1M across two isolated markets. @Coinbase has now originated $2.17B in USDC loans through Morpho rails ...