DeFi's total TVL fell 42% over the past year, USDC deposits on Morpho bucked the trend and grew 86%

TokenTerminal data shows that although DeFi's overall total locked value (TVL) has dropped by approximately 42% in the past 365 days, the USDC deposits on the loan agreement Morpho have bucked the trend by approximately 86%, reaching approximately US$2.8 billion. Data shows that in the context of the overall slowdown in DeFi's growth, funds are continuing to flow to online lending agreements represented by Morpho, reflecting that market demand for USDC income-based lending products continues to grow.