DeFi TVL Down 42% in Past Year, but Morpho USDC Deposits Surge 86% to $2.8B

MORPHO0.06%
USDC0.02%
According to Token Terminal data cited by ChainCatcher, over the past 365 days, DeFi's total locked value (TVL) declined approximately 42%, while USDC deposits on lending protocol Morpho surged about 86% to around $2.8 billion.
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