Lending · Alternatives
The best Morpho alternatives in 2026
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers. If Morpho is not the right fit, these 12 reviewed Lending options are the closest matches, ranked by DappsAtlas score. Read our full Morpho review
At a glance
Morpho vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Morpho(this one) | Score 8.0 out of 10 | — | 2 |
| Score 8.0 out of 10 | $10.9B | 44 | |
| Score 8.6 out of 10 | $15.1B | 21 | |
| Score 7.8 out of 10 | $132M | 7 | |
| Score 8.0 out of 10 | $1.25B | 10 | |
| Score 8.0 out of 10 | $5.21B | 2 | |
| Score 7.6 out of 10 | $1.07B | 8 | |
| Score 8.0 out of 10 | $264M | 16 | |
| Score 7.9 out of 10 | — | 1 | |
| Score 7.8 out of 10 | $765M | 4 | |
| Score 7.6 out of 10 | — | 1 | |
| Score 7.6 out of 10 | — | 1 | |
| Score 7.5 out of 10 | $611M | 5 |
Ranked
Top Morpho alternatives
- 1
Morpho Blue
Lending · Ethereum, Base, Robinhood Chain +41
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults. It suits users who can assess curator and smart-contract risk themselves.
ScoreScore 8.0 out of 10TVL $10.9B+4.0% - 2
Aave V3
Lending · Ethereum, Base, Arbitrum +18
Aave V3 is a non-custodial lending protocol where users earn interest on deposits or borrow against collateral, live on 21 chains with about $16B in TVL. It is a long-running, widely used venue, but borrowing carries liquidation and smart-contract risk.
ScoreScore 8.6 out of 10TVL $15.1B+1.9% - 3
Dolomite
Lending · Ethereum, Arbitrum, Berachain +4
Dolomite is a DeFi money market that lets users lend, borrow and run leveraged strategies across a very wide range of assets. It holds about $185 million in TVL and lists six audits, but leveraged features carry real liquidation risk.
ScoreScore 7.8 out of 10TVL $132M−23.8% - 4
Compound V3
Lending · Ethereum, Arbitrum, Base +7
Compound V3 is an on-chain lending protocol where users supply a base asset to earn yield or post collateral to borrow it. It has about $1.34B in TVL across ten chains, but borrowers face liquidation risk.
ScoreScore 8.0 out of 10TVL $1.25B−3.3% - 5
SparkLend
Lending · Ethereum, xDai
SparkLend is a large stablecoin lending market on Ethereum and Gnosis that uses governance-set rates backed by Sky's Liquidity Layer. Its scale is the main draw, though rates and risk depend on governance and the wider Sky system.
ScoreScore 8.0 out of 10TVL $5.21B+1.9% - 6
Venus Core Pool
Lending · BNB Chain, Ethereum, Arbitrum +5
Venus Core Pool is a decentralized money market where users supply crypto to earn interest or borrow against collateral, with about $1.18 billion in TVL across eight networks. It is established and widely used, but it carries normal DeFi lending risks.
ScoreScore 7.6 out of 10TVL $1.07B−8.5% - 7
Euler V2
Lending · Monad, Ethereum, Base +13
Euler V2 is a modular lending protocol where anyone can launch a lending market, listed on DefiLlama with about $268 million in TVL across 16 chains. Its strengths are its security work and flexibility. Risk varies by market.
ScoreScore 8.0 out of 10TVL $264M−1.8% - 8
Kamino Finance
Lending · Solana
Kamino Finance is a Solana DeFi protocol that combines lending markets, automated concentrated-liquidity vaults and leverage tools. It suits users who want several yield strategies in one place, but leverage and smart-contract risk are real.
ScoreScore 7.9 out of 10TVL — - 9
Aave V4
Lending · Ethereum, Arc, Avalanche +1
Aave V4 is a modular lending protocol built on a hub-and-spoke design, with about $808M in TVL on DefiLlama. It extends a long-running lending brand, but V4 itself is new.
ScoreScore 7.8 out of 10TVL $765M+16.5% - 10
Kamino
Lending · Solana
Kamino is a Solana DeFi protocol that combines a lending market with automated concentrated liquidity vaults and an intents-based swap. It suits users comfortable with on-chain risk who want yield tools in one place.
ScoreScore 7.6 out of 10TVL — - 11
Benqi
Lending · Avalanche
Benqi is an Avalanche-native DeFi platform that combines non-custodial lending and borrowing with liquid staking through the sAVAX token. It suits Avalanche users who want yield on AVAX, with the usual smart-contract and market risks.
ScoreScore 7.6 out of 10TVL — - 12
Fluid Lending
Lending · Ethereum, Arbitrum, Plasma +2
Fluid, built by Instadapp, combines lending and a DEX on one liquidity layer and holds about $634 million in TVL across five chains. Its design is distinctive, but audit details and rates need checking on the site.
ScoreScore 7.5 out of 10TVL $611M−0.4%