Arbitrum

Optimistic Rollup

Live since MAR 2025

#4 of 6 lending protocols

Active Loans

$23.05M

30d -39.5%

Borrow Interest

$1.07M

annualized

Net Interest Margin

65 bps

weighted spread

Utilization

39.5%

loans ÷ deposits

Active Loans 30d Δ

-39.5%

vs 30 days ago

TVL

$40.31M

share 6.0%

Lending TVL on Arbitrum. Top 5 Protocols

Top 5 lending protocols on Arbitrum by TVL. 7-day moving average.

Aave V3

Fluid Lending

Compound V3

Morpho

Euler V2

Top Markets on Arbitrum

Market	Total Supply	Active Loans	Utilization	Supply APY	Borrow APY	Borrow Interest
PT-USDai-18JUN2026 / USDC92% LLTV	$7.45M	$6.35M	85.3%	3.92%	4.62%	$293.25K
wstETH / USDC86% LLTV	$5.27M	$4.8M	91.1%	4.80%	5.28%	$253.29K
sUSDS / USDT095% LLTV	$2.41M	$2.13M	88.5%	2.81%	3.18%	$67.72K
syrupUSDC / USDT092% LLTV	$2.13M	$1.8M	84.4%	2.72%	3.23%	$58.12K
weETH / USDT086% LLTV	$1.83M	$1.57M	86.1%	2.72%	3.17%	$49.76K
weETH / USDC86% LLTV	$1.65M	$1.4M	84.8%	3.89%	4.61%	$64.53K
WBTC / USDC86% LLTV	$1.62M	$1.36M	83.9%	3.64%	4.35%	$59.08K
WBTC / USDT086% LLTV	$860.64K	$741.24K	86.1%	2.72%	3.17%	$23.46K
WETH / USDT086% LLTV	$748.41K	$647.94K	86.6%	2.72%	3.15%	$20.4K
wstETH / USDT086% LLTV	$671.22K	$632.93K	94.3%	7.15%	7.60%	$48.09K

Top Vaults on Arbitrum

Name	Curator	Asset	TVL	Net APY	Fee	Curator Fees 30d	30d Δ TVL
Gauntlet USDC Core	Gauntlet	USDC	$3.37M	3.52%	10.0%	$1.08K	+$10.28K
Steakhouse High Yield USDC	Steakhouse Financial	USDC	$2.38M	6.09%	10.0%	$1.33K	-$480.68K
Not Gauntlet	unattributed	USDC	$2M	297995.72%	0.0%	N/A	+$718.34K
Gauntlet USDC Prime	Gauntlet	USDC	$1M	2.88%	10.0%	$264.56	-$1.85M
Hyperithm USDC Apex	Hyperithm	USDC	$707.92K	3.79%	10.0%	$245.41	-$350.77K
MEV Capital USDC	unattributed	USDC	$652.01K	0.00%	0.0%	$0	-$13.98
Steakhouse Prime USDC	Steakhouse Financial	USDC	$194.23K	3.54%	0.0%	$0	+$65.85K
frobUSDC	unattributed	USDC	$165.88K	297995.80%	0.0%	N/A	+$80.57K
Steakhouse High Yield USDT0	Steakhouse Financial	USDT0	$129.57K	2.86%	0.0%	$0	+$57.62K
MS-sUSDe	unattributed	sUSDe	$105.63K	0.00%	0.0%	$0	+$370.68

Curator Presence on Arbitrum

Curator	Vaults Here	TVL on Chain	Curator Fees (Ann.)	Weighted Net APY	Global TVL
Gauntlet	4	$4.37M	$16.42K	3.37%	$704.46M
Steakhouse Financial	5	$2.7M	$16.13K	5.75%	$1.07B
Hyperithm	1	$707.92K	$2.99K	3.79%	$3.78M
UltraYield	1	$102.18K	$0	3.09%	$870.51K
KPK	1	$92.72K	$0	3.28%	$110.64K
Clearstar	2	$64.41K	$189.26	2.62%	$13.81M
Yearn	3	$34.33K	$54.76	1.51%	$43.31M
Avantgarde	2	$101.23	$0.32	2.86%	$402.11K
RE7 Labs	1	$13.63	$0.09	2.52%	$1.24M

Loan Asset Mix. What Morpho Lends on Arbitrum

Stablecoins· top USDC
$26.7M100.0%
ETH· top WETH
$672.50.0%

Stablecoins make up 100.0% of Morpho supply on this chain. Top stable: USDC ($17.2M).

Collateral Mix. What Backs Loans on Arbitrum

Stablecoins· top PT-USDai-18JUN2026
$13.2M41.5%
LSTs· top wstETH
$12.4M39.1%
BTC-pegged· top WBTC
$4.1M13.0%
ETH· top WETH
$1.8M5.5%
Other· top thBILL
$226K0.7%
LRTs / PTs· top PT-thBILL-18JUN2026
$46K0.1%

Stablecoins make up 41.5% of Morpho supply on this chain. Top stable: PT-USDai-18JUN2026 ($7.2M).

Interest Flow Attribution

Annualized borrow interest paid by borrowers on Arbitrum: $1.07M

41%

56%

To Lenders · via vaults$435.49K 41%
To Lenders · direct supply$599.49K 56%
To Curators$35.93K 3%
To Morpho DAO (fee switch off)$0 0%

Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (42.1%)

Supply Rates vs Competitors on Arbitrum

Morpho supply APY against the best competing venue, per asset.

USDC

Morpho 4.41%

Aave V3 2.43%

+197 bps

WETH

Morpho 0.00%

Aave V3 1.33%

-133 bps

As of 2026-06-09 · loan-book metrics from Morpho market/vault state