According to CoinMeta, the stablecoin supply of Morpho Blue is 750 million US dollars, just 40 million US dollars short of surpassing AAVE V3's supply of 790 million US dollars. A year ago, the supply of AAVE V3 was 18.3 billion US dollars, while the supply of Morphos was 3.8 billion US dollars. Currently, the total supply of AAVE V3, AAVE V4, Morpho Blue, and Sparklend is 18 billion US dollars, which is a decrease from the peak of 27.1 billion US dollars in October 2025.