Morpho RWA Deposits Cross $2.14B as Utilization Hits 42%

Morpho RWA deposits crossed $2.14 billion, with institutions borrowing $894 million against that collateral for a 42% utilization rate. DeFi RWA pools average 14%, so the protocol drives roughly four times more utility, ahead of Kamino Lend at $433 million. CEO Paul Frambot calls productive tokenized assets the second phase of adoption. MORPHO recovered 12% in three days.