Morpho Dominates $11.3B Curated DeFi Market

The curated DeFi market has reached an all-time high of $11.29 billion, according to a report by vaults.fyi published on August 24.

Out of this total, five curators control more than two-thirds (69%) of the market.

Morpho, in particular, dominates the space, holding nearly half (46.2%) of all curated capital across Ethereum-based chains and Solana.

This is largely due to its system with Morpho Blue and MetaMorpho, which splits lending functions from risk management, allowing outside managers to create separate markets and package them into single vaults.

As a result, big traditional finance companies like Bitwise Asset Management are taking notice. They've teamed up with Morpho to launch non-custodial vaults offering a 6% yearly return.