cryptonist

DeFi protocols

Morpho Blue

Data as of 3 October 2026 · Official site

Morpho Blue is a protocol DefiLlama files under Lending, deployed on 45 chains. On 3 October 2026 it held $11.3B in total value locked, up 19.6% over 30 days, placing it 5th of 225 protocols in this set. DefiLlama recorded $19.9M in fees over the previous 30 days. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $11.2M at the start of the series, $11.3B at the end. $0 $5.0B $10.0B $15.0B $20.0B Jan 24Sept 24May 25Jan 26Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol: top 25 of 225 tracked, Morpho Blue ranked 5. Source: DefiLlama, 3 October 2026.
#ProtocolTotal value locked
1 Lido $26.4B
2 Aave V3 $18.1B
3 SSV Network $14.0B
4 LayerZero V2 $11.7B
5 Morpho Blue $11.3B
6 Binance staked ETH $10.0B
7 WBTC $9.9B
8 Coinbase Bridge $8.4B
9 Hyperliquid Bridge $7.1B
10 EigenCloud $7.0B
11 Sky Lending $5.9B
12 Binance Bitcoin $5.8B
13 SparkLend $5.5B
14 ether.fi Stake $5.2B
15 Ethena USDe $4.9B
16 JustLend V1 $3.9B
17 Arbitrum Bridge $3.7B
18 Babylon Protocol $3.4B
19 USDT0 $3.4B
20 JustLend sTRX $3.3B
21 Base Bridge $3.2B
22 Maple $3.0B
23 Polygon Bridge $2.9B
24 JustCryptos $2.8B
25 Spark Liquidity Layer $2.7B

See all 225 protocols

TVL by chain, largest 20

TVL by chain, largest 20, Morpho Blue, 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $5.1B
Base $4.5B
Robinhood Chain $596.0M
Arc $314.0M
Monad $189.9M
Hyperliquid L1 $170.7M
Morph $75.0M
Pharos $70.2M
Flare $51.9M
World Chain $43.3M
Tempo $39.5M
Katana $32.1M
Stable $28.3M
Arbitrum $15.6M
Citrea $8.9M
Optimism $4.1M
Sei $3.9M
Etherlink $3.7M
Polygon $3.2M
Plume Mainnet $2.7M

Fees recorded by DefiLlama

Fees recorded by DefiLlama, Morpho Blue, 3 October 2026. Source: DefiLlama.
WindowUSD
24 hours $689K
30 days $19.9M
1 year $205.7M

About Morpho Blue

Category: Lending. Deployed on 45 chains. Listed by DefiLlama on 2024-01-14.

Morpho Blue is a trustless and efficient lending primitive with permissionless market creation (DefiLlama's listing text.)

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.