According to the latest Morpho Monthly Report released on May 5th, the active loan volume through its collaboration with Coinbase has surpassed $130 million. This impressive figure is underpinned by a collateral scale exceeding $270 million. Furthermore, leading non-custodial software wallet Trust Wallet and hardware wallet Ledger have now appointed Morpho as their primary yield generation option.
In a significant development, Apollo’s ACRED has launched its leveraged Real World Asset (RWA) strategy on Morpho. This marks a pivotal moment as it is the first instance where a private credit fund employs on-chain structured products to amplify yields. Concurrently, the World App has integrated Morpho, providing its 25 million users with seamless access to lending services.
Notably, on the Base chain, a remarkable 45% of cbBTC is retained as collateral and lending assets within the Morpho protocol, underscoring its growing significance within the crypto lending landscape.
Source: https://en.coinotag.com/breakingnews/morpho-hits-130-million-in-active-loan-volume-partners-with-coinbase-and-world-app-for-enhanced-crypto-lending/