Logo of Morpho MidnightMorpho Midnight(MORPHO)
Total Value Locked$3.98m

TVL by Chain

Base$3.98m

Key Metrics

Fees 30d$4,206.3
Fees 30d by chain

Base$4,206.3

Fees 7d$1,134.51

Base$1,134.51

Fees 24h$110

Base$110

Cumulative Fees$11,250.26

Base$11,250.26

Revenue 30d$0
Revenue 30d by chain

Base$0

Revenue 7d$0

Base$0

Revenue 24h$0

Base$0

Cumulative Revenue$0

Base$0

Holders Revenue 30d$0
Holders Revenue 30d by chain

Base$0

Holders Revenue 7d$0

Base$0

Holders Revenue 24h$0

Base$0

Cumulative Holders Revenue$0

Base$0

Active Loans$2.77m

Protocol Information

Morpho Midnight, Morpho's fixed-rate, fixed-term lending protocol, deployed on Base

WebsiteTwitter
Category:Lending

Methodology

TVL: Every Midnight market is enumerated on-chain from MarketCreated events. TVL is the collateral held in the Midnight contract. Borrowed is outstanding debt read per-market from totalUnits.View code on GitHubFees: Total borrow interest paid by borrowers: for every trade, the face value of the debt (units) minus the loan tokens the borrower received (sellerAssets), i.e. the fixed-rate discount locked in at execution.View code on GitHubRevenue: Protocol fees kept by Morpho: the settlement fee (taker-paid spread on each trade) plus the continuous fee accrued on new lender credit. Both are disabled at launch, so Revenue is currently 0.View code on GitHubHolders Revenue: View code on GitHub

Competitors

Aave V3 ($17.615b)Morpho Blue ($9.743b)Compound V3 ($1.449b)Venus Core Pool ($1.275b)Fluid Lending ($770.03m)Euler V2 ($343.66m)40 Acres ($36.3m)TermMax ($30.49m)Native Credit Pool ($23.48m)Moonwell Lending ($16.17m)

Frequently Asked Questions

What is Morpho Midnight's TVL?

Morpho Midnight currently has $3.98m in total value locked. TVL has increased 18.7% over the past 30 days.

What chains does Morpho Midnight operate on?

Morpho Midnight operates on Base. Base holds the largest share at 100%.

How much has Morpho Midnight generated in fees and revenue?

Over the past 30 days, Morpho Midnight generated $4,206.3 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $68,918.56 in fees.

How does Morpho Midnight's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Morpho Midnight ranks #92 by TVL. The category holds $51.038b across 523 protocols, and Morpho Midnight accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Fluid Lending, Euler V2, 40 Acres, TermMax, Native Credit Pool, and Moonwell Lending.

How much has been borrowed through Morpho Midnight?

Morpho Midnight currently has $2.77m in active loans.