Markets
1,655 active markets across 14 chains · $5.08B active loans · $283.38M borrow interest annualized
Markets as lending products · Source: Morpho GraphQL · market_state_daily · as of 2026-09-10
Top 10 markets by active loans
Bars colored by collateral asset class · hover for utilization.
Utilization × borrow APY
Each dot a market. Bubble size = supply USD, color = collateral asset class. APY clamped at 100% (degenerate IRMs excluded).
LLTV distribution
Supply-USD-weighted. Where Morpho's risk concentrates. Bars colored by the bracket's dominant collateral class.
Market directory: 2,145 matches
Click a header to sort, a row to copy its unique key. Supply/Borrow APY clamped at 100% (degenerate IRMs show "N/A").
| Chain· | Loan· | Collateral· | LLTV· | Supply↑ | Active Loans· | Util· | Supply APY· | Borrow APY· | Borrow Int.· | Age· |
|---|---|---|---|---|---|---|---|---|---|---|
| Robinhood Chain | USDG | MDLP | 86% | $100.01 | $20.3 | 20.3% | 0.06% | 0.30% | $0.06 | 18d |
| Robinhood Chain | USDG | MDLP | 77% | $100.02 | $0 | 0.0% | 0.00% | 0.36% | N/A | 17d |
| Base | USDC | USDz | 86% | $100.02 | $0 | 0.0% | 0.00% | 0.03% | N/A | 689d |
| Robinhood Chain | USDG | MDLP | 77% | $100.02 | $58.28 | 58.3% | 0.54% | 0.93% | $0.54 | 17d |
| Monad | USDC | YZM | 92% | $100.14 | $7.23 | 7.2% | 0.35% | 4.89% | $0.35 | 154d |
| Ethereum | msETH | weETH | 92% | $100.42 | $33.45 | 33.3% | 0.12% | 0.35% | $0.12 | 133d |
| Robinhood Chain | USDG | AMD | 63% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | MU | 63% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | INTC | 63% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | SNDK | 63% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | SPCX | 39% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 48d |
| Robinhood Chain | USDG | META | 63% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | USAR | 39% | $100.68 | $0 | 0.0% | 0.00% | 0.03% | N/A | 44d |
| Robinhood Chain | USDG | SPY | 86% | $100.97 | $0 | 0.0% | 0.00% | 0.19% | N/A | 40d |
| Robinhood Chain | USDG | wsNET | 39% | $101.08 | $101.08 | 100.0% | 7.38% | 7.38% | $7.46 | 13d |
Morpho markets are isolated lending positions: one loan asset, one collateral asset, one fixed LLTV, one IRM. Each market is independent. No shared liquidity, no cross-market contagion. Supply USD is what lenders have deposited; Active Loans is what borrowers have drawn. Utilization is loans ÷ supply. LLTV is the maximum loan-to-value at which a position can be opened without liquidation risk. Borrow interest = active loans × borrow APY (clamped at 100%).
Supply/borrow APY ≥ 100% are saturated-utilization IRM blow-ups (BONDUSD/USR, K/USDC on Arbitrum, the HERMES family on Base). Those rows show ". " and are excluded from weighted KPIs, the histogram and the scatter. Bad debt is Morpho's stored unrealized figure.
Datum Labs. (2026). Morpho Research Terminal: Market directory. Retrieved September 10, 2026 from /markets.