Key Takeaways:
- Morpho TVL on Robinhood Chain surpassed $360 million as of July 21
- The DeFi lending protocol surged 60% in the past week
- Morpho is now the dominant lending protocol on Robinhood Chain
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Morpho TVL on Robinhood Chain tops $360M after 60% weekly surge
Morpho's total value locked on Robinhood Chain surpassed $360 million, rising 60% in a week to become the chain's dominant DeFi protocol.
DefiLlama data shows Morpho's TVL on Robinhood Chain climbed to $360 million as of July 21, up from roughly $225 million seven days earlier. The protocol now accounts for the largest share of DeFi activity on the Robinhood Chain, a Layer 1 blockchain launched by the trading platform in 2025. The 60% weekly gain outpaces broader DeFi TVL growth across major chains during the same period.
Morpho is a non-custodial lending protocol that matches borrowers and lenders through peer-to-peer pools, competing with platforms such as Aave and Compound on Ethereum. Unlike traditional lending protocols that rely on a single interest rate model, Morpho uses an algorithm that optimizes rates between peer-to-peer matches and a pooled fallback, a design that has attracted yield-seeking depositors. Its expansion onto Robinhood Chain, which began earlier this year, has accelerated as users seek lending markets on alternative L1 networks.
The milestone shows growing DeFi adoption within the Robinhood Chain ecosystem and could attract further capital inflows to both the MORPHO governance token and the broader chain. The surge also raises the competitive stakes for other lending protocols considering deployment on Robinhood Chain, as Morpho's first-mover advantage in TVL creates a liquidity moat that rivals may find difficult to overcome. With Robinhood Chain still in its early growth phase, the race to capture TVL on the platform is likely to intensify in the coming months.
This article is for informational purposes only and does not constitute investment advice.
