According to analyst Jeff Kendrick, Morpho combines two businesses: Morpho Markets—a lending protocol that has grown to a quarter the size of Aave in terms of deposits—and Morpho Vaults—a infrastructure for on-chain banks and asset managers.
Standard Chartered forecasts a 37-fold increase in total assets in DeFi by 2030 and expects Morpho to grow at the same pace. The protocol is backed by a fresh round of $175 million funding from Paradigm, a16z, and Ribbit Capital. MORPHO rose by 13% over the past 24 hours following the release of the report.
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