Today I want to talk to you about the recently popular @MorphoLabs
#Morph What makes this thing awesome? It's that it plays with Aave and Compound in a brilliant way, doing P2P precise matching, capital efficiency is maximized, and the borrowing rates are much more attractive than traditional pools! Recently, it has taken off:
At the end of October, #Stable directly dropped 775 million USD in pre-deposits, and the Ethereum Foundation also personally got involved, depositing 9.6 million USD of ETH + stablecoins, with TVL already reaching 1.86 billion USD. In July, deposits once exceeded 9 billion, definitely a new DeFi darling!
The price is also incredible: it peaked at 4.17 USD in January, dropped to a floor price of 0.64 USD in October, and has now rebounded to around 2 USD, recently increasing by over 3% in the last 24 hours, with a market cap of 715 million. The community is constantly flooding the screens, shouting to get back to 4 USD or even to multiply by 10 times! In short: Is now the best time to get on board with Morpho, or not?