According to Wu Blockchain, data from Token Terminal shows that Morpho borrowers have paid approximately $170 million in interest over the past year. Based on a 10% commission rate, Morpho DAO's annualized revenue is around $17 million, corresponding to a valuation of approximately $1.7 billion. In comparison, Aave's current annualized revenue is about $140 million, with a corresponding valuation of approximately $1.5 billion.