Morpho as a decentralized, non-custodial protocol has successfully landed on Ethereum and multiple EVM-compatible chains, with this year's total lock-up value ( TVL ) surpassing 12 billion USD. This achievement stems from its unique operational model: directly connecting borrowers and lenders through a peer-to-peer ( P2P ) matching system, and when a match cannot be made, seamlessly switching to liquidity pools such as Aave or Compound to ensure efficient use of funds.

Morpho is not just a technological innovation; it has also demonstrated immense value in practical applications. Earlier this year, Morpho partnered with Coinbase to launch USDC lending features within the Coinbase app. This initiative has enabled millions of users to easily access sustainable returns from global lending demand, rather than relying on short-term subsidies. This integration allows ordinary users to participate without needing to deeply understand the complexities of DeFi, greatly simplifying the user experience and paving the way for the mainstream adoption of DeFi.

Recently, the integration of Morpho with the high-speed public chain Sei Network has attracted attention. Morpho launched lending services on Sei through the Featherlend platform, equipped with $250,000 worth of SEI tokens. This move not only expands Morpho's ecosystem but also provides users with more choices and opportunities.

Morpho's success story demonstrates how DeFi projects can drive industry development through innovative technology and strategic partnerships. By simplifying the user experience and providing real value rather than just piling on features, Morpho is leading DeFi toward broader applications and acceptance. With more similar innovations and collaborations emerging, we can expect the DeFi industry to attract more participation from ordinary users in the future, truly realizing the decentralization and inclusiveness of finance.