Add as a preferred source on GoogleMorpho Accounts for $3 Billion of $4.8 Billion DeFi Stablecoin TVL Rise
Morpho made up 62.5% of the reported gain. Total stablecoin supply rose $2 billion to $311.6 billion in the third quarter, a broader measure over a different period.
The dollar value of stablecoins locked in DeFi protocols climbed $4.8 billion over 90 days. Morpho contributed $3 billion, equal to 62.5% of the increase.
Total value locked (TVL) measures the dollar value of assets held in DeFi contracts. A change in TVL does not by itself show net deposits, withdrawals or trading activity; the limits of the measure also matter when interpreting the increase.
Total stablecoin supply rose $2 billion in the third quarter to $311.6 billion. That quarterly comparison covers a broader measure and a different period than the 90-day DeFi TVL figure, so the amounts are not directly comparable.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.