The cryptocurrency lending market has been shrinking sharply since October 2025, with total deposits decreasing by 35% from its peak. However, three major protocols—Morpho, Maker, and Jupiter Exchange—are experiencing the opposite trend. According to data from Artemis, the total lending deposits on these platforms increased from $18.4 billion to $20.9 billion, a 13.6% rise.
Morpho maintains around $10.7 billion, holding the second-largest position in DeFi; Maker grew 25% to $8 billion thanks to the stablecoin platform DAI’s stability; Jupiter drew attention with a 69% increase in deposits to $2.2 billion, driven by the expansion of the Solana ecosystem. This trend indicates that despite the overall industry decline, capital continues to flow into protocols with strong foundations and high capital efficiency.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
