Morpho Accounts for $3 Billion of $4.8 Billion DeFi Stablecoin TVL Rise

Morpho accounted for $3 billion of the $4.8 billion rise in DeFi stablecoin total value locked, representing 62.5% of the gain. Total stablecoin supply also rose $2 billion to $311.6 billion in the third quarter, a broader measure over a different period. The data highlights Morpho's growing dominance.