USDC
Every market here lends USDC and measures in it — every figure on this page is a quantity of USDC, never dollars. A market’s loan-to-value is its whole risk surface: the borrow limit and the liquidation line at once, fixed when the market was created. Sizes are the balance each market last settled, left as the contract stores them; the rates are live.
Chain snapshot · block 25,884,919 · every market’s state read from the Morpho Blue singleton · roster censused at block 25,540,377
635 markets · 492 hold supply · 376 have borrowing11.03B supplied · 10.92B borrowed, in USDC · 99% utilisation50.66B USDC exists0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
The markets that carry the book
Biggest book first. The bar is borrow ÷ supply, the one aggregate ratio Blue keeps; the lltv beside it is the market’s whole risk surface. Sizes are the balance each market last settled, never projected forward; the rates are live.
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
PAXG91.5%6.21Butil 100%800.00% borrow800.00% supplyfee 0%0x8eaf…06c9oracle sdeUSD91.5%3.72Butil 100%800.00% borrow800.00% supplyfee 0%0x0f95…b129oracle cbBTC86.0%339.08Mutil 89%4.26% borrow3.80% supplyfee 0%0x64d6…cc64oracle WBTC86.0%123.84Mutil 90%4.29% borrow3.85% supplyfee 0%0x3a85…ee49oracle PT-reUSD-10DEC202691.5%77.32Mutil 91%10.06% borrow9.16% supplyfee 0%0x1e9d…fc64oracle wstUSR91.5%69.33Mutil 100%800.00% borrow800.00% supplyfee 0%0xd9e3…28ccoracle msY86.0%57.93Mutil 100%800.00% borrow800.00% supplyfee 0%0x23a7…49c8oracle AA_FalconXUSDC77.0%38.31Mutil 87%5.57% borrow4.84% supplyfee 0%0xe83d…6f52oracle RLP86.0%32.73Mutil 100%800.00% borrow800.00% supplyfee 0%0xe1b6…9f33oracle mF-ONE91.5%27.02Mutil 87%5.91% borrow5.16% supplyfee 0%0xef2c…d0baoracle wstETH86.0%26.97Mutil 90%4.25% borrow3.82% supplyfee 0%0xb323…86ccoracle wFalconX91.5%22.67Mutil 81%5.60% borrow4.56% supplyfee 0%0x2a0b…2467oracle PST86.0%20.44Mutil 90%6.77% borrow6.11% supplyfee 0%0x0022…33eaoracle PT-USD3-17DEC202686.0%18.52Mutil 89%6.19% borrow5.50% supplyfee 0%0xf8c5…ba89oracle USD391.5%18.43Mutil 82%5.82% borrow4.78% supplyfee 0%0xe3df…26d7oracle apyUSD86.0%16.68Mutil 85%6.69% borrow5.72% supplyfee 0%0x9c28…3291oracle dCOMP62.5%14.78Mutil 87%9.76% borrow8.49% supplyfee 0%0x2485…0ea6oracle stUSDS86.0%14.52Mutil 90%5.60% borrow5.04% supplyfee 0%0xd570…f93doracle wsrUSD94.5%14.52Mutil 90%4.53% borrow4.07% supplyfee 0%0x1590…72fboracle reUSD91.5%11.81Mutil 89%6.05% borrow5.37% supplyfee 0%0x4565…eaedoracle steakEURCV91.5%11.63Mutil 89%4.37% borrow3.90% supplyfee 0%0xc498…e5b5oracle wstETH86.0%11.59Mutil 90%4.33% borrow3.90% supplyfee 0%0x7e58…b8b8oracle 470 more funded markets, each below 0.1% of the book
Funded, and real, and each holding less than a thousandth of what the markets above hold between them. Every figure on their rows carries the same receipt as the rows above.
Show 470 marketsHide them
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
Created, never funded
143 USDC markets hold no supply at this block. Creating a market on Blue is permissionless and costs only gas, so most of them were simply never used — they carry the parameters they were born with and nothing else. They are listed because the roster is the protocol’s, not ours; markets born with the same collateral and the same loan-to-value are one line with a count.
Show 143 empty marketsHide empty markets
wUTXO / USDC · 86.0% ×3ysUSDS / USDC · 98.0% ×2ysUSDS / USDC · 96.5% ×2ysUSDS / USDC · 94.5% ×2PT-USDG-28MAY2026 / USDC · 94.5% ×2USDf / USDC · 91.5% ×2PT-sUSDE-5FEB2026 / USDC · 91.5% ×2PT-USDe-5FEB2026 / USDC · 91.5% ×2splDXY-BULL / USDC · 91.5% ×2splDXY-BEAR / USDC · 91.5% ×2PT-srUSDe-25JUN2026 / USDC · 91.5% ×2PT-USDat-27AUG2026 / USDC · 91.5% ×2USDC / USDC · 86.0% ×2PAXG / USDC · 86.0% ×2WETH / USDC · 86.0% ×2JAB78 / USDC · 86.0% ×2cbBTC / USDC · 86.0% ×2PWrUSDC-stark / USDC · 98.0%PWrUSDC-swell / USDC · 98.0%PWrUSDC-tac / USDC · 98.0%USDС / USDC · 98.0%USDT / USDC · 98.0%mUSDC / USDC · 98.0%USCC / USDC · 96.5%sUSDz / USDC · 94.5%bravUSDC / USDC · 94.5%sd-cvcrvUSD-vault-wrapped-USDC / USDC · 94.5%sd-llamalend-sreusd-crvusd / USDC · 94.5%lfgETH / USDC · 94.5%cbBTC / USDC · 91.5%PT-sUSDE-27FEB2025 / USDC · 91.5%mTBILL / USDC · 91.5%sdeUSD / USDC · 91.5%USDC / USDC · 91.5%syrupUSDC / USDC · 91.5%ZCHF / USDC · 91.5%PT-wstUSR-1750896030 / USDC · 91.5%USDO / USDC · 91.5%PT-wstUSR-25SEP2025 / USDC · 91.5%cUSDO / USDC · 91.5%cUSDOUSDC / USDC · 91.5%PT-sw-RLP-1750896023 / USDC · 91.5%sUSDEsUSDS / USDC · 91.5%tacUSD / USDC · 91.5%MC_PTs / USDC · 91.5%PT-fxSAVE-30OCT2025 / USDC · 91.5%PT-AIDaUSDC-14AUG2025 / USDC · 91.5%PT-csUSDL-30OCT2025 / USDC · 91.5%PT-PendleInfiniFi-siUSD-9OCT2025 / USDC · 91.5%PT-tUSDe-18DEC2025 / USDC · 91.5%AA_RockawayXUSDC / USDC · 91.5%PT-mMEV-29JAN2026 / USDC · 91.5%PKZZZ / USDC · 91.5%syzUSD / USDC · 91.5%PT-srUSDe-2APR2026 / USDC · 91.5%bbqUSDCturbo / USDC · 91.5%splDXY-BEAR / USDC · 91.5%splDXY-BULL / USDC · 91.5%CHIM / USDC · 91.5%CHIM / USDC · 91.5%PT-reUSD-25JUN2026 / USDC · 91.5%PT-reUSD-10DEC2026 / USDC · 91.5%steakEURCV / USDC · 91.5%xstETH / USDC · 86.0%deUSD / USDC · 86.0%sFRAX / USDC · 86.0%bUSD0 / USDC · 86.0%fxSAVE / USDC · 86.0%USDe / USDC · 86.0%PT-sBOLD-1765325646 / USDC · 86.0%AIDaUSDT / USDC · 86.0%PT-RLP-4DEC2025 / USDC · 86.0%0x84b7…5a9b / USDC · 86.0%BGBTC / USDC · 86.0%mHYPER / USDC · 86.0%stUSDS / USDC · 86.0%PT-jrUSDe-2APR2026 / USDC · 86.0%PT-mAPOLLO-30APR2026 / USDC · 86.0%JAB78 / USDC · 86.0%JAB78 / USDC · 86.0%W-TEST / USDC · 86.0%SLC / USDC · 86.0%SL / USDC · 86.0%wstETH / USDC · 86.0%weETH / USDC · 86.0%cbETH / USDC · 86.0%rETH / USDC · 86.0%tBTC / USDC · 86.0%eBTC / USDC · 86.0%LBTC / USDC · 86.0%FBTC / USDC · 86.0%BTC.b / USDC · 86.0%AAVE / USDC · 86.0%PYUSD / USDC · 86.0%XAUt / USDC · 86.0%LINK / USDC · 86.0%USDY / USDC · 86.0%USTB / USDC · 86.0%USCC / USDC · 86.0%USYC / USDC · 86.0%JTRSY / USDC · 86.0%JAAA / USDC · 86.0%VBILL / USDC · 86.0%BUIDL / USDC · 86.0%syrupUSDT / USDC · 86.0%syrupUSDC / USDC · 86.0%USDCsUSDat / USDC · 86.0%WBTC / USDC · 86.0%yPrism / USDC · 86.0%v-wmtUSDC / USDC · 86.0%CTOKEN1 / USDC · 86.0%CTOKEN2 / USDC · 86.0%PT-USDat-27AUG2026 / USDC · 86.0%wUSDT / USDC · 86.0%MT / USDC · 77.0%weETH / USDC · 77.0%SKY / USDC · 77.0%RZR / USDC · 77.0%ACS / USDC · 77.0%JAB78 / USDC · 77.0%JAB78 / USDC · 77.0%IB01.bt / USDC · 62.5%CASH+ / USDC · 62.5%WETH / USDC · 38.5%CRNC / USDC · 38.5%