[Data: DeFi Total TVL Down 42% Over the Past Year, USDC Deposits on Morpho Surge 86% Against the Trend] BlockBeats News, July 13, Token Terminal data shows that despite a cumulative decline of approximately 42% in the total value locked (TVL) across DeFi over the past 365 days, the USDC deposit volume on the lending protocol Morpho has surged by about 86% against the trend, reaching approximately $2.8 billion. The data indicates that amidst the overall slowdown in DeFi growth, funds are continuously flowing into on-chain lending protocols represented by Morpho, reflecting sustained market demand for USDC yield-generating lending products. [Original Link]