Morpho Hits $130 Million in Active Loan Volume, Partners with Coinbase and World App for Enhanced Crypto Lending

According to the latest Morpho Monthly Report released on May 5th, the active loan volume through its collaboration with Coinbase has surpassed $130 million. This impressive figure is underpinned by a collateral scale exceeding $270 million. Furthermore, leading non-custodial software wallet Trust Wallet and hardware wallet Ledger have now appointed Morpho as their primary yield generation option.

In a significant development, Apollo’s ACRED has launched its leveraged Real World Asset (RWA) strategy on Morpho. This marks a pivotal moment as it is the first instance where a private credit fund employs on-chain structured products to amplify yields. Concurrently, the World App has integrated Morpho, providing its 25 million users with seamless access to lending services.

Notably, on the Base chain, a remarkable 45% of cbBTC is retained as collateral and lending assets within the Morpho protocol, underscoring its growing significance within the crypto lending landscape.