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Deposits on Base in decentralized lending protocol MORPHO have surpassed those on Ethereum, Blockworks co-founder Michael Ippolito said on X.
According to a chart Ippolito shared, deposits in the Base-based Morpho Blue market totaled about $6.19 billion from Aug. 31 to Sept. 6, exceeding Ethereum’s $6.09 billion. Ippolito added that while Base is facing heavy criticism, its direction appears different from Robinhood Chain.