Markets
1,275 active markets across 12 chains · $3.42B active loans · $159.05M borrow interest annualized
Markets as lending products · Source: Morpho GraphQL · market_state_daily · as of 2026-06-11
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: 1,780 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Tempo | pathUSD | cbBTC | 77% | $2.09M | $1.93K | 0.1% | 0.00% | 0.05% | $0.97 | 30d |
| Monad | cbBTC | aHyperBTC | 77% | $2.06M | $442 | 0.0% | 0.00% | 0.03% | $0.11 | 55d |
| Arbitrum | USDT0 | syrupUSDC | 92% | $2.05M | $1.8M | 87.9% | 2.90% | 3.31% | $59.63K | 170d |
| Monad | cbBTC | triBTC | 86% | $2.03M | $1.83M | 90.3% | 1.41% | 1.56% | $28.61K | 87d |
| Base | USDC | cbDOGE | 63% | $2.02M | $1.75M | 86.5% | 5.10% | 5.92% | $103.62K | 243d |
| Base | WETH | cbETH | 95% | $2.02M | $1.75M | 86.7% | 1.58% | 1.83% | $32K | 739d |
| Ethereum | USDC | PT-apyUSD-5NOV2026 | 86% | $2M | $213.71K | 10.7% | 0.17% | 1.62% | $3.46K | 14d |
| Ethereum | USDC | syzUSD | 92% | $1.98M | $1.78M | 90.1% | 6.19% | 6.90% | $122.72K | 155d |
| Ethereum | WETH | ETH+ | 95% | $1.95M | $1.03M | 53.0% | 0.15% | 0.29% | $2.99K | 633d |
| HyperEVM | USDC | WHYPE | 63% | $1.89M | $1.74M | 92.2% | 10.75% | 11.72% | $204.1K | 271d |
| Katana | vbUSDC | yvvbUSDT | 86% | $1.86M | $1.58M | 84.7% | 3.88% | 4.60% | $72.57K | 318d |
| Monad | USDC | YZM | 92% | $1.79M | $1.61M | 90.0% | 5.57% | 6.21% | $100.27K | 62d |
| Arbitrum | USDT0 | weETH | 86% | $1.76M | $1.57M | 89.4% | 2.90% | 3.25% | $51.11K | 162d |
| Katana | vbUSDT | yvvbUSDC | 86% | $1.74M | $1.5M | 86.0% | 2.29% | 2.67% | $40.03K | 318d |
| Ethereum | EURCV | wstETH | 86% | $1.74M | $1.57M | 90.0% | 0.82% | 0.91% | $14.24K | 709d |
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 June 11, 2026 from /markets.