MORPHO has achieved a Total Value Locked (TVL) of $11.78 billion, positioning itself as the second-largest lender in the DeFi sector. This milestone comes amid a challenging period for many DeFi protocols following a significant hack at KelpDAO, which left Aave Protocol with $200 million in bad debt. In contrast, MORPHO's exposure was limited to $1 million, prompting users to migrate to perceived safer alternatives like SparkLend. Despite Aave's leading position with a TVL of $27 billion, MORPHO's ETH-denominated TVL has tripled year-over-year to approximately 2.9 million ETH, capturing a 16.82% market share. MORPHO's active loans have grown to $4 billion, and its annualized fees stand at $175 million. Institutional interest is also rising, with Coinbase-originated loans totaling $2.17 billion in USDC and Apollo Global committing to acquire 90 million MORPHO tokens over the next 48 months, signaling increased capital inflow into the altcoin.