According to @Kunallegendd, Wu Blockchain has learned that Morpho's activity is closely tied to Coinbase. USDC and cbBTC make up 53% of all deposits on Morpho, with Coinbase users contributing 83% of cbBTC deposits and 59% of USDC deposits on the platform. Additionally, out of the $2.3 billion in USDC loans on Morpho, approximately $1.2 billion comes from Coinbase users leveraging their cbBTC for collateralized loans. Coinbase is no longer just a distribution partner for Morpho—it has become the growth engine behind Morpho. https://(wublock123.com)/news/morpho-links-to-coinbase-usdc-cbbtc-53-percent-of-deposits-63232