Base: Credit Markets Loans Rise 31% to $2.3B

Base credit markets expanded sharply over the past year, with outstanding loans climbing from $1.7B to $2.3B and utilization rising from 58% to 75%. MorphoLabs more than doubled supplied capital to $2.1B while Aave added $200M in deposits since July. USDC borrowing doubled to $2.0B at 90% utilization, delivering 4.5% yields to lenders, and new collateral products such as cbXRP and mGLO posted rapid early traction on the network.