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<p>Morpho borrow interest just hit all-time highs

weekly borrow interest is now above both previous peaks (late 2024 and Nov 2025)

what stands out:

→ three waves of growth, and each cycle bottomed higher than the last
→ base has grown from a sliver to a major share of interest paid
→ new chains like robinhood are starting to contribute
→ ethereum still leads, but activity is spreading across chains

borrowers paid $6.5M in interest last week alone, which is a noteworthy demand signal

source: @Morpho</p>

Morpho borrow interest just hit all-time highs
weekly borrow interest is now above both previous peaks (late 2024 and Nov 2025)
what stands out:
→ three waves of growth, and each cycle bottomed higher than the last
→ base has grown from a sliver to a major share of interest paid
→ new chains like robinhood are starting to contribute
→ ethereum still leads, but activity is spreading across chains
borrowers paid $6.5M in interest last week alone, which is a noteworthy demand signal
source: @Morpho

Morpho borrow interest just hit all-time highs weekly borrow interest is now above both previous peaks (late 2024 and Nov 2025) what stands out: → three waves of growth, and each cycle bottomed higher than the last → base has grown from a sliver to a major share of interest paid → new chains like robinhood are starting to contribute → ethereum still leads, but activity is spreading across chains borrowers paid $6.5M in interest last week alone, which is a noteworthy demand signal source: @Morpho

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