Morpho raises $175 million from Paradigm, a16z crypto, and Ribbit Capital as it closes gap on Aave

Morpho, a decentralized lending protocol and Aave’s closest competitor, successfully raised $175 million in a new funding round held yesterday, June 8, 2026. The round was co-led by notable investment companies, including Paradigm, a16z crypto, and Ribbit Capital, moving the project’s valuation up to $2 billion. According to cofounder Merlin Egalite’s post on X, this...