Logo of Morpho MidnightMorpho Midnight(MORPHO)
Total Value Locked$4.31m

TVL by Chain

Base$4.31m

Key Metrics

Fees (Annualized)$65,748.95
Fees 30d$6,708.67

Base$6,708.67

Fees 7d$89.45

Base$89.45

Fees 24h$38.01

Base$38.01

Cumulative Fees$7,025.23

Base$7,025.23

Revenue (30d Run Rate)$0
Revenue 30d$0

Base$0

Revenue 7d$0

Base$0

Revenue 24h$0

Base$0

Cumulative Revenue$0

Base$0

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Base$0

Holders Revenue 7d$0

Base$0

Holders Revenue 24h$0

Base$0

Cumulative Holders Revenue$0

Base$0

Active Loans$2.95m

Protocol Information

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

Category:Lending
WebsiteTwitter

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 ($16.96b)Morpho Blue ($9.328b)Compound V3 ($1.374b)Venus Core Pool ($1.248b)Fluid Lending ($724.24m)Euler V2 ($363.56m)Moonwell Lending ($52.21m)TermMax ($30.95m)40 Acres ($29.3m)Native Credit Pool ($24.5m)

Frequently Asked Questions

What is Morpho Midnight?

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

What is Morpho Midnight's TVL?

Morpho Midnight currently has $4.31m in total value locked. TVL has increased 372.2% 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 $6,708.67 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $65,748.95 in fees.

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

Among Lending protocols tracked by DefiLlama, Morpho Midnight ranks #87 by TVL. The category holds $48.975b across 514 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, Moonwell Lending, TermMax, 40 Acres, and Native Credit Pool.

How much has been borrowed through Morpho Midnight?

Morpho Midnight currently has $2.95m in active loans.