Arbitrum

Optimistic Rollup

Live since MAR 2025

#4 of 6 lending protocols

Active Loans

$23.01M

30d -39.6%

Borrow Interest

$1.14M

annualized

Net Interest Margin

66 bps

weighted spread

Utilization

39.5%

loans ÷ deposits

Active Loans 30d Δ

-39.6%

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	$6.97M	$6.35M	91.1%	5.84%	6.43%	$408.64K
wstETH / USDC86% LLTV	$5.65M	$4.82M	85.2%	3.24%	3.81%	$183.47K
sUSDS / USDT095% LLTV	$2.41M	$2.13M	88.4%	2.80%	3.17%	$67.6K
syrupUSDC / USDT092% LLTV	$2.03M	$1.8M	88.6%	2.95%	3.34%	$60.16K
weETH / USDT086% LLTV	$1.8M	$1.57M	87.5%	2.80%	3.21%	$50.35K
weETH / USDC86% LLTV	$1.76M	$1.4M	79.7%	3.51%	4.42%	$61.96K
WBTC / USDC86% LLTV	$1.46M	$1.36M	93.6%	9.08%	9.73%	$132.75K
WBTC / USDT086% LLTV	$846.23K	$616.55K	72.9%	2.03%	2.79%	$17.2K
WETH / USDT086% LLTV	$736.13K	$647.84K	88.0%	2.80%	3.19%	$20.64K
wstETH / USDT086% LLTV	$720.45K	$632.82K	87.8%	2.80%	3.19%	$20.21K

Top Vaults on Arbitrum

Name	Curator	Asset	TVL	Net APY	Fee	Curator Fees 30d	30d Δ TVL
Gauntlet USDC Core	Gauntlet	USDC	$3.26M	4.99%	10.0%	$1.49K	-$102.68K
Steakhouse High Yield USDC	Steakhouse Financial	USDC	$2.36M	3.60%	10.0%	$779.12	-$494.68K
Not Gauntlet	unattributed	USDC	$2M	297995.72%	0.0%	N/A	+$725.29K
Gauntlet USDC Prime	Gauntlet	USDC	$1.01M	3.30%	10.0%	$306.08	-$1.84M
Hyperithm USDC Apex	Hyperithm	USDC	$744.27K	5.06%	10.0%	$345.19	-$314.43K
MEV Capital USDC	unattributed	USDC	$652.03K	0.00%	0.0%	$0	+$9.6
Steakhouse Prime USDC	Steakhouse Financial	USDC	$215.86K	8.33%	0.0%	$0	+$87.48K
frobUSDC	unattributed	USDC	$166.78K	297995.80%	0.0%	N/A	+$81.48K
Steakhouse High Yield USDT0	Steakhouse Financial	USDT0	$129.54K	2.84%	0.0%	$0	+$57.6K
MS-sUSDe	unattributed	sUSDe	$105.61K	0.00%	0.0%	$0	+$351.98

Curator Presence on Arbitrum

Curator	Vaults Here	TVL on Chain	Curator Fees (Ann.)	Weighted Net APY	Global TVL
Gauntlet	4	$4.27M	$21.82K	4.59%	$704.12M
Steakhouse Financial	5	$2.71M	$9.48K	3.94%	$1.05B
Hyperithm	1	$744.27K	$4.2K	5.06%	$3.82M
UltraYield	1	$102.18K	$0	8.69%	$880.39K
KPK	1	$92.72K	$0	3.87%	$111.1K
Clearstar	2	$64.42K	$193.22	2.66%	$13.85M
Yearn	3	$34.33K	$54.61	1.51%	$45.98M
Avantgarde	2	$101.24	$0.69	6.15%	$401.99K
RE7 Labs	1	$13.63	$0.33	9.59%	$1.24M

Loan Asset Mix. What Morpho Lends on Arbitrum

Stablecoins· top USDC
$26.5M100.0%
ETH· top WETH
$675.60.0%

Stablecoins make up 100.0% of Morpho supply on this chain. Top stable: USDC ($17.1M).

Collateral Mix. What Backs Loans on Arbitrum

Stablecoins· top PT-USDai-18JUN2026
$13.2M41.6%
LSTs· top wstETH
$12.5M39.4%
BTC-pegged· top WBTC
$3.8M12.1%
ETH· top WETH
$1.9M6.0%
Other· top thBILL
$225.1K0.7%
LRTs / PTs· top PT-thBILL-18JUN2026
$45.9K0.1%

Stablecoins make up 41.6% of Morpho supply on this chain. Top stable: PT-USDai-18JUN2026 ($7.2M).

Interest Flow Attribution

Annualized borrow interest paid by borrowers on Arbitrum: $1.14M

41%

56%

To Lenders · via vaults$466K 41%
To Lenders · direct supply$637.65K 56%
To Curators$35.89K 3%
To Morpho DAO (fee switch off)$0 0%

Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (42.2%)

Supply Rates vs Competitors on Arbitrum

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

USDC

Morpho 5.15%

Aave V3 2.43%

+272 bps

WETH

Morpho 0.00%

Aave V3 1.33%

-133 bps

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