Morpho crypto rebounds 12% amid $2B RWA milestone – Is $2.26 next?
Photo: AMBCrypto
DeFi lending protocol Morpho's [MORPHO] RWA deposits have crossed the $2 billion milestone, underscoring that the tokenized assets have grown beyond a typical buy-and-hold strategy. Morpho allows institutions to deposit collateral and borrow against it. As such, the $2.14 billion milestone means institutions bought over $2 billion in tokenized real-world assets (RWA), such as BlackRock’s BUIDL or Ondo Finance’s USDY. In return, they’ve requested loans worth $894 million, using the $2.14 billion deposits as collateral. That translates to a 42% utilization rate, underscoring the utility and productive use of RWAs.
Source: AMBCrypto
