Arbitrum

Optimistic Rollup

Live since MAR 2025

#4 of 5 lending protocols

Active Loans

$10.76M

30d -19.0%

Borrow Interest

$722.77K

annualized

Net Interest Margin

71 bps

weighted spread

Utilization

32.7%

loans ÷ deposits

Active Loans 30d Δ

-19.0%

vs 30 days ago

TVL

$23.13M

share 3.0%

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

Dolomite

Top Markets on Arbitrum

Market	Total Supply	Active Loans	Utilization	Supply APY	Borrow APY	Borrow Interest
PT-USDai-15OCT2026 / USDC92% LLTV	$2.37M	$2.09M	87.9%	4.92%	5.62%	$117.17K
WBTC / USDC86% LLTV	$1.81M	$1.62M	89.7%	3.80%	4.24%	$68.9K
weETH / USDT086% LLTV	$1.64M	$1.57M	95.7%	9.34%	9.78%	$153.5K
weETH / USDC86% LLTV	$1.57M	$1.42M	90.1%	3.83%	4.26%	$60.28K
wstETH / USDC86% LLTV	$1.24M	$1.12M	90.8%	4.85%	5.35%	$60.17K
WBTC / USDT086% LLTV	$849.34K	$816.51K	96.1%	9.41%	9.81%	$80.07K
wstETH / USDT086% LLTV	$679.23K	$652.09K	96.0%	9.33%	9.73%	$63.48K
WETH / USDT086% LLTV	$504.43K	$487.17K	96.6%	9.67%	10.03%	$48.86K
wsrUSD / USDT092% LLTV	$242.91K	$234.17K	96.4%	9.31%	9.67%	$22.65K
sUSDS / USDT095% LLTV	$156.66K	$150.98K	96.4%	9.31%	9.68%	$14.61K

Top Vaults on Arbitrum

Name	Curator	Asset	TVL	Net APY	Fee	Curator Fees 30d	30d Δ TVL
Not Gauntlet	unattributed	USDC	$5.75M	297995.77%	0.0%	N/A	+$1.56M
Steakhouse High Yield USDC	Steakhouse Financial	USDC	$2.37M	4.42%	10.0%	$958.05	+$320.07K
frobUSDC	unattributed	USDC	$926.53K	297945.29%	0.0%	N/A	+$369.73K
Gauntlet USDC Core	Gauntlet	USDC	$908.82K	3.66%	10.0%	$304	+$77.53K
MEV Capital USDC	MEV Capital	USDC	$652.05K	0.00%	0.0%	$0	+$169.16
Gauntlet USDC Prime	Gauntlet	USDC	$581.85K	3.69%	10.0%	$196.36	+$68.66K
Hyperithm USDC Apex	Hyperithm	USDC	$409.72K	3.08%	10.0%	$115.27	-$37.64K
Vaultik USDC	unattributed	USDC	$193.46K	297995.80%	0.0%	N/A	+$52.34K
MS-sUSDe	unattributed	sUSDe	$106.74K	0.00%	0.0%	$0	+$467.1
MS-sUSDC	unattributed	sUSDC	$103.8K	0.00%	0.0%	$0	+$322.79

Curator Presence on Arbitrum

Curator	Vaults Here	TVL on Chain	Curator Fees (Ann.)	Weighted Net APY	Global TVL
Steakhouse Financial	5	$2.4M	$11.66K	4.36%	$520.58M
Gauntlet	4	$1.49M	$6.09K	3.67%	$593.42M
MEV Capital	2	$652.17K	$0.01	0.00%	$9.72M
Hyperithm	1	$409.72K	$1.4K	3.08%	$2.57M
KPK	1	$23.69K	$0	4.56%	$41.47K
Yearn	3	$11.34K	$3.06	0.51%	$38.55M
Clearstar	2	$4.06K	$29.45	2.89%	$6.39M
UltraYield	1	$2.42K	$0	2.49%	$707.2K
Avantgarde	2	$78.59	$0.36	4.15%	$343.25K
RE7 Labs	1	$13.65	$0	0.00%	$1.13M

Loan Asset Mix. What Morpho Lends on Arbitrum

Stablecoins· top USDC
$12M100.0%
ETH· top WETH
$1K0.0%

Stablecoins make up 100.0% of Morpho supply on this chain. Top stable: USDC ($7.6M).

Collateral Mix. What Backs Loans on Arbitrum

LSTs· top weETH
$10.6M50.8%
BTC-pegged· top WBTC
$5.5M26.1%
Stablecoins· top PT-USDai-15OCT2026
$3.3M15.8%
ETH· top WETH
$1.3M6.0%
Other· top XAUt0
$252.7K1.2%
LRTs / PTs· top PT-thBILL-18JUN2026
$8.10.0%

Stablecoins make up 15.8% of Morpho supply on this chain. Top stable: PT-USDai-15OCT2026 ($2.4M).

Interest Flow Attribution

Annualized borrow interest paid by borrowers on Arbitrum: $722.77K

97%

To Lenders · via vaults$703.55K 97%
To Lenders · direct supply$0 0%
To Curators$19.22K 3%
To Morpho DAO (fee switch off)$0 0%

Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (100.0%)

Supply Rates vs Competitors on Arbitrum

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

USDC

Morpho 4.36%

Aave V3 2.43%

+193 bps

WETH

Morpho 0.09%

Aave V3 1.33%

-125 bps

As of 2026-09-07 · loan-book metrics from Morpho market/vault state