A small DeFi app can trend for a week, but $MORPHO sitting at $11.9B TVL says something deeper Aave still owns the top spot with $25.6B, while Spark, Maple, Fluid, Kamino, Venus, Compound, Dolomite, and HyperLend fill out the lending stack The lesson is not to crown one winner. It is to study where collateral gathers and how lending markets compete for trust At XFinanceBull Academy, TVL is paired with risk, revenue, utilization, and liquidity quality Big deposits are useful Only strong design keeps them there #XFB #Macro Insights# #Altcoin Season#