DeFiNeutralBlockonomi · 5h ago6/10
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Morpho Borrowers Generate $170M in Interest as DeFi Lending Competition With Aave Heats Up
Morpho protocol generated $170M in borrower interest over the past year, with the DAO earning approximately $17M in annual revenue at a 10% take rate against a $1.7B valuation. This reveals a significant valuation gap compared to Aave, which generates $140M in annualized revenue against a $1.5B valuation, highlighting competitive dynamics in the DeFi lending market.
$AAVE