Morpho Deposits Surge Past $14 Billion Amid Stablecoin Dominance
Morpho has achieved a new milestone in its protocol deposits, reaching $14 billion. This significant increase has occurred since August, where stablecoins and blue-chip digital assets such as BTC and ETH made up a large share of deposits.
This puts Morpho at roughly 25% market share. Despite the impressive total deposits, the MORPHO price still faces challenges in meeting demand.