Morpho Optimizer AaveV2(MORPHO)Deprecated protocol
Total Value Locked$136,148
TVL by Chain
Ethereum$136,148
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$4,955
Protocol Information
Morpho AaveV2 is an on-chain peer-to-peer layer on top of lending pools. Rates are seamlessly improved for borrowers and lenders while preserving the same guarantees.
Audits:
Methodology
TVL: Collateral (supply minus borrows) in the balance of the Morpho contractsView code on GitHubMorpho Optimizer AaveV2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Oct 8, 2022 to Oct 19, 2026.
All-time high TVL: $574.7m on Mar 12, 2024. All-time low TVL: $113,142 on Jun 29, 2026.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $140,962 |
| Sep 21, 2026 | $143,073 |
| Sep 22, 2026 | $146,954 |
| Sep 23, 2026 | $146,717 |
| Sep 24, 2026 | $144,081 |
| Sep 25, 2026 | $144,341 |
| Sep 26, 2026 | $143,565 |
| Sep 27, 2026 | $144,031 |
| Sep 28, 2026 | $143,352 |
| Sep 29, 2026 | $142,707 |
| Sep 30, 2026 | $142,875 |
| Oct 1, 2026 | $143,246 |
| Oct 2, 2026 | $144,786 |
| Oct 3, 2026 | $143,667 |
| Oct 4, 2026 | $143,943 |
| Oct 5, 2026 | $145,447 |
| Oct 6, 2026 | $144,490 |
| Oct 7, 2026 | $143,894 |
| Oct 8, 2026 | $140,562 |
| Oct 9, 2026 | $137,748 |
| Oct 10, 2026 | $138,395 |
| Oct 11, 2026 | $138,845 |
| Oct 12, 2026 | $140,039 |
| Oct 13, 2026 | $138,207 |
| Oct 14, 2026 | $139,164 |
| Oct 15, 2026 | $134,626 |
| Oct 16, 2026 | $137,127 |
| Oct 17, 2026 | $136,308 |
| Oct 18, 2026 | $136,189 |
| Oct 19, 2026 | $136,765 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $129.71m |
| Dec 31, 2024 | $38.68m |
| Jan 31, 2025 | $37.11m |
| Feb 28, 2025 | $23.09m |
| Mar 31, 2025 | $17.46m |
| Apr 30, 2025 | $2.91m |
| May 31, 2025 | $2.57m |
| Jun 30, 2025 | $1.77m |
| Jul 31, 2025 | $1.76m |
| Aug 31, 2025 | $799,857 |
| Sep 30, 2025 | $418,560 |
| Oct 31, 2025 | $351,361 |
| Nov 30, 2025 | $235,821 |
| Dec 31, 2025 | $221,304 |
| Jan 31, 2026 | $208,043 |
| Feb 28, 2026 | $166,341 |
| Mar 31, 2026 | $167,349 |
| Apr 30, 2026 | $178,917 |
| May 31, 2026 | $133,587 |
| Jun 30, 2026 | $113,908 |
| Jul 31, 2026 | $120,259 |
| Aug 31, 2026 | $136,509 |
| Sep 30, 2026 | $142,875 |
| Oct 19, 2026 (latest) | $136,765 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $141.06m |
| Dec 31, 2023 | $359.29m |
| Dec 31, 2024 | $38.68m |
| Dec 31, 2025 | $221,304 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/morpho-optimizer-aavev2
Frequently asked questions
What is Morpho Optimizer AaveV2's TVL?
As of Oct 19, 2026, Morpho Optimizer AaveV2 has $136,148 in total value locked. TVL has decreased 3.5% over the past 30 days.
What chains does Morpho Optimizer AaveV2 operate on?
Morpho Optimizer AaveV2 operates on Ethereum. Ethereum holds the largest share at 100%.
How much has been borrowed through Morpho Optimizer AaveV2?
As of Oct 19, 2026, Morpho Optimizer AaveV2 has $4,955 in active loans.