Morpho Midnight(MORPHO)
Total Value Locked$5.45m
TVL by Chain
Base$4.9m
Ethereum$556,674
Key Metrics
Fees 30d$23,716
Fees 30d by chain
Base$23,716
Fees 7d$3,608
Base$3,608
Fees 24h$412
Base$412
Cumulative Fees$34,971
Base$34,971
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$3.64m
Protocol Information
Morpho Midnight, Morpho's fixed-rate, fixed-term lending protocol, deployed on Base
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 GitHubCompetitors
Frequently Asked Questions
What is Morpho Midnight's TVL?
Morpho Midnight currently has $5.45m in total value locked. TVL has increased 40.9% over the past 30 days.
What chains does Morpho Midnight operate on?
Morpho Midnight operates on 2 chains: Base and Ethereum. Base holds the largest share at 89.8%.
How much has Morpho Midnight generated in fees and revenue?
Over the past 30 days, Morpho Midnight generated $23,716 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $146,673 in fees.
How does Morpho Midnight's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Morpho Midnight ranks #81 by TVL. The category holds $52.955b across 519 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, TermMax, Native Credit Pool, Moonwell Lending, and Exactly.
How much has been borrowed through Morpho Midnight?
Morpho Midnight currently has $3.64m in active loans.