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Unichain
OP Stack L2
Live since MAY 2025
#2 of 3 lending protocols
Active Loans
$738.21K
30d +25.6%
Borrow Interest
$152.73K
annualized
Net Interest Margin
870 bps
weighted spread
Utilization
33.8%
loans ÷ deposits
Active Loans 30d Δ
+25.6%
vs 30 days ago
TVL
$1.35M
share 33.0%
Lending TVL on Unichain. Top 4 Protocols
Top 4 lending protocols on Unichain by TVL. 7-day moving average.
Euler V2
Morpho
Compound V3
Venus Core Pool
Top Markets on Unichain
| Market | Total Supply | Active Loans | Utilization | Supply APY | Borrow APY | Borrow Interest |
|---|---|---|---|---|---|---|
| wstETH / WETH97% LLTV | $665.67K | $633.78K | 95.2% | 21.75% | 22.96% | $145.55K |
| PT-cUSD-23JUL2026-(ETH) / USDC92% LLTV | $85.58K | $10.35 | 0.0% | 0.00% | 2.97% | $0.31 |
| WETH / USDC86% LLTV | $48.63K | $43.47K | 89.4% | 6.24% | 7.01% | $3.05K |
| WBTC / USDC86% LLTV | $44.78K | $32.72K | 73.1% | 6.77% | 9.38% | $3.07K |
| weETH / WETH95% LLTV | $21.75K | $20.55K | 94.5% | 1.20% | 1.27% | $260.42 |
| WETH / USDT086% LLTV | $8.47K | $4.37 | 0.1% | 0.00% | 0.55% | $0.02 |
| wstETH / USDT086% LLTV | $6.61K | $6.61K | 100.0% | 8.97% | 8.97% | $593.05 |
| weETH / USDC86% LLTV | $2.04K | $1.07K | 52.3% | 9.88% | 19.72% | $210.69 |
| UNI / USDC63% LLTV | $91.52 | $0.23 | 0.3% | 0.00% | 0.59% | $0 |
| PT-cUSD-29JAN2026-(ETH) / USDC92% LLTV | $45.8 | $0.48 | 1.1% | 0.01% | 1.28% | $0.01 |
Top Vaults on Unichain
| Name | Curator | Asset | TVL | Net APY | Fee | Curator Fees 30d | 30d Δ TVL |
|---|---|---|---|---|---|---|---|
| Gauntlet WETH | Gauntlet | WETH | $588.44K | 9.00% | 10.0% | $486.27 | +$71.75K |
| Gauntlet USDC | Gauntlet | USDC | $75.66K | 2.69% | 10.0% | $18.59 | -$8.04K |
| Re7 WETH | RE7 Labs | WETH | $27.5K | 0.00% | 10.0% | $0 | +$6.26K |
| K3 Capital ETH Maxi | K3 Capital | WETH | $21.75K | 1.23% | 10.0% | $2.45 | +$3.76K |
| Re7 USDT0 | RE7 Labs | USDT0 | $6.73K | 0.00% | 10.0% | $0 | -$34.41 |
| Gauntlet USDT0 | Gauntlet | USDT0 | $6.61K | 17.94% | 10.0% | $10.93 | -$57.09K |
| Steakhouse ETH | Steakhouse Financial | WETH | $5.27K | 0.00% | 0.0% | $0 | +$1.2K |
| Pangolins USDC | unattributed | USDC | $1.4K | 5.62% | 10.0% | $0.72 | +$8.49 |
| MEV Capital USDC | MEV Capital | USDC | $108.5 | 0.00% | 10.0% | $0 | -$0.07 |
| Kedao USDT Vault | unattributed | USDT0 | $29.81 | 0.43% | 0.0% | $0 | +$0.03 |
Curator Presence on Unichain
| Curator | Vaults Here | TVL on Chain | Curator Fees (Ann.) | Weighted Net APY | Global TVL |
|---|---|---|---|---|---|
| Gauntlet | 3 | $670.71K | $6.28K | 8.38% | $593.42M |
| RE7 Labs | 3 | $34.26K | $0 | 0.00% | $1.13M |
| K3 Capital | 1 | $21.75K | $29.79 | 1.23% | $22.87K |
| Steakhouse Financial | 2 | $5.28K | $0 | 0.00% | $520.58M |
| MEV Capital | 1 | $108.5 | $0 | 0.00% | $9.72M |
| Clearstar | 2 | $10.8 | $0 | 0.02% | $6.39M |
| 9Summits | 1 | $0.75 | $0 | 0.00% | $73.55K |
Loan Asset Mix. What Morpho Lends on Unichain
- ETH· top WETH$1M80.8%
- Stablecoins· top USDC$243.5K19.2%
- LSTs· top wstETH$3.80.0%
Stablecoins make up 19.2% of Morpho supply on this chain. Top stable: USDC ($221.7K).
Collateral Mix. What Backs Loans on Unichain
- LSTs· top wstETH$712.6K77.7%
- ETH· top WETH$123.4K13.5%
- BTC-pegged· top WBTC$76.2K8.3%
- Other· top UNI$5K0.5%
- Stablecoins· top PT-cUSD-23JUL2026-(ETH)$20.90.0%
Stablecoins make up 0.0% of Morpho supply on this chain. Top stable: PT-cUSD-23JUL2026-(ETH) ($13.3).
Interest Flow Attribution
Annualized borrow interest paid by borrowers on Unichain: $152.73K
56%
40%
- To Lenders · via vaults$84.79K 56%
- To Lenders · direct supply$61.62K 40%
- To Curators$6.31K 4%
- To Morpho DAO (fee switch off)$0 0%
Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (57.9%)
Supply Rates vs Competitors on Unichain
Morpho supply APY against the best competing venue, per asset.
No assets with both a Morpho market and a competitor market on this chain
As of 2026-09-07 · loan-book metrics from Morpho market/vault state