Thanks to @TokenTerminal and @OurNetwork__ for sharing this data. This doesn't count our Morpho vaults which supply USDC to the @Coinbase Borrow product. We actually reached over $1 billion total market size in late 2024 and are currently at $512m despite macro headwinds. 🌜📈🌛
Moonwell’s TVL grew by a multiple of 14 in 2024—from $38.75M to $554.7M—driven by deep liquidity and rising demand for Base-native markets like $cbBTC, $MORPHO, $AERO, and $VVV. Get full coverage on @MoonwellDeFi from @MAJllIN: Data via: @tokenterminal
When you support the best collateral assets like cbBTC, VIRTUAL, MORPHO, AERO, and tBTC, holders can borrow to shop with the Moonwell card without selling, and USDC suppliers earn real yield from longs that don't have to sell to get leverage... 🌜💳🌛
Time for another bite at the apple? 🍎
One of the ways contributors have increased protocol revenue is through curating @MorphoLabs vaults. The Moonwell Flagship vaults generate performance fees which contribute to revenue, although the lender earnings are captured in Morpho's numbers. 🌜🦋🌛
All 3 of these revenue drivers have landed in the last 9 months, during extreme market volatility: 🏪 New markets for @Base native assets like AERO, WELL, MORPHO, VIRTUAL, and cbBTC 🦋 Moonwell Flagship and Frontier Morpho Vaults 🔮 Oracle Extracted Value
Bitcoin-backed loans are here. Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by @MorphoLabs and built on @Base. The future of finance is onchain. Learn more:
To complete the circle, Moonwell contributors at @SolidityLab also implemented another industry first: excess reserves (revenue) now get auctioned off for WELL to bolster the ecosystem reserve which rewards WELL stakers for providing shortfall insurance.
I wanted to point out something really incredible about @MoonwellDeFi - governance recently implemented auctions of excess protocol revenue to buy-back WELL and over $178,000 WELL (at current price) will be used to boost staking rewards to 21.84% if this proposal passes! 🌜🥩🌛
I hope you can see the vision @MoonwellDeFi contributors are building. We're all building it together, with dozens of devs across many countries, companies, and timezones. Follow me for more high quality content on @Base and Moonwell, and please repost:
Thanks to @TokenTerminal and @OurNetwork__ for sharing this data. This doesn't count our Morpho vaults which supply USDC to the @Coinbase Borrow product. We actually reached over $1 billion total market size in late 2024 and are currently at $512m despite macro headwinds. 🌜📈🌛
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