$MORPHO 's USDC deposits have surpassed $4.1 billion, setting a new all-time high and growing by around 40% over the past three months.
A few figures are worth noting: deposits in the RWA lending market have exceeded $2 billion, with capital utilization in the core market approaching 90%; since the Arc network launched, deposits have also quickly topped $500 million.
These figures say more than a simple story: Morpho is attracting real capital and borrowing demand. In the next phase of DeFi, the projects that can consistently attract capital and improve capital efficiency will have the best chance of building a lasting competitive edge.
$MORPHO is worth keeping an eye on.
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