Base is becoming the go-to chain for $BTC-backed loans.
Morpho markets on Base now sitting at $1.6B in dollar loans against bitcoin — up 55% YTD. Borrowing rates dropped from ~7.5% to 5% over the past year.
The kicker? Over $1.4B of that came from Coinbase customers in September alone.
They're using DeFi without even knowing it. Coinbase abstracted the entire experience.
This is what crypto adoption actually looks like — no wallets, no seed phrases, just utility. Base + Coinbase creating the rails for normies to leverage their $BTC stack seamlessly.
Bullish on invisible DeFi infrastructure.
Morpho markets on Base now sitting at $1.6B in dollar loans against bitcoin — up 55% YTD. Borrowing rates dropped from ~7.5% to 5% over the past year.
The kicker? Over $1.4B of that came from Coinbase customers in September alone.
They're using DeFi without even knowing it. Coinbase abstracted the entire experience.
This is what crypto adoption actually looks like — no wallets, no seed phrases, just utility. Base + Coinbase creating the rails for normies to leverage their $BTC stack seamlessly.
Bullish on invisible DeFi infrastructure.