# Morpho Accounts for $3 Billion of $4.8 Billion DeFi Stablecoin TVL Rise By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/39389 Published: 2026-10-23T22:26:58.000Z Updated: 2026-10-23T22:26:58.000Z Section: Investing > 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. ## Links in this article - [limits of the measure](https://www.tokenpost.com/news/investing/33307) - [quarterly comparison](https://www.tokenpost.com/news/investing/25664)