Coinbase has just taken a massive leap into decentralized finance (DeFi) with its new lending feature, and the numbers are already turning heads. According to a recent tweet from Merlin Egalite, co-founder of Morpho Labs, the platform has originated more than $100 million in loans in just two weeks—even before the full rollout. That's some serious momentum in the world of crypto lending.

The chart shared in the tweet shows a steep climb in cumulative supply originations, starting from near zero in mid-August and rocketing up to over $115 million by early October 2025. This data comes straight from Morpho, the underlying protocol powering Coinbase's DeFi lending. For those new to the term, "supply originations" basically refer to the total amount of assets users have lent out on the platform, in this case, USDC—a stablecoin pegged to the US dollar.

What's driving this rapid growth? Coinbase's offering lets users lend USDC and earn up to 10% yields, which is a pretty attractive rate in today's market. The feature is now live in all launch markets, as announced in the quoted post from Coinbase's official account. This integration makes DeFi more accessible to mainstream users, bridging the gap between traditional crypto exchanges and decentralized protocols like Morpho.

Morpho itself is an optimized lending protocol on Ethereum and other blockchains, designed to maximize efficiency and yields for lenders and borrowers. By partnering with Coinbase, Morpho is tapping into a huge user base, potentially accelerating adoption across the crypto ecosystem. Merlin's tweet optimistically points to the next milestone: $1 billion. If the current trajectory holds, that could happen sooner than expected.

In the replies, users are buzzing with questions and excitement. Some are asking about availability in specific regions like California or New York (spoiler: it's not yet in NY due to regulations), while others celebrate the milestone with "GMorpho" cheers. This kind of community engagement highlights how DeFi innovations like this are reshaping how people interact with their crypto assets.

For meme token enthusiasts, this development could indirectly boost liquidity in the broader market. Higher yields on stablecoins like USDC mean more capital flowing into DeFi, which often spills over into volatile assets like memes. Traders might borrow against their holdings to ape into the next big meme coin, amplifying market dynamics.

If you're looking to get involved, head over to the Coinbase app and check the cash tab for the lending option. Just remember, as with all DeFi, do your own research—yields can fluctuate, and there are risks involved like smart contract vulnerabilities.

Stay tuned to Meme Insider for more updates on how DeFi advancements are influencing the meme token space and beyond. For the full thread, check out the original post on X.