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 26,046,327 · every market’s state read from the Morpho Blue singleton · roster censused at block 26,011,527
- Markets
- 704
- Supplied
- 16.12B USDC
- Borrowed
- 16.00B USDC
- Utilisation
- 99%
554 hold supply · 430 have borrowing50.13B 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
538 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 538 marketsHide them
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
Created, never funded
150 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 150 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% ×2USCC / 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%HOME / USDC · 96.5%aptUSD / 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%PT-sUSDS-26NOV2026 / USDC · 91.5%USDh / USDC · 91.5%wmGLO / 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%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%UNI / 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%