Base lending hits record $2.75 billion as Morpho and Aave drive growth

Crypto Insight Summary: According to Artemis’ reports, outstanding loans on Base peaked at an unprecedented $2.75 billion on September 10 after an increase in lending activity in late August. This record reflects the rapid growth of credit on Coinbase’s Layer 2 network and the share of Morpho and Aave in it. Artemis writes on September 11: Lending on... Crypto Insight Analysis: Direction: Bullish COIN / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Base network's lending growth signals increased institutional adoption of Coinbase's L2 solutions.