Arbitrum’s USDG lending on Morpho reaches $143 million, ARB faces key support test

Arbitrum is seeing notable growth in its decentralized finance (DeFi) ecosystem as USDG lending on the Morpho protocol has surged to approximately $143 million in total value locked (TVL) within less than one month. The milestone reflects increased stablecoin activity on the leading Ethereum Layer 2 network, highlighting growing demand for decentralized financial services and on-chain liquidity solutions. Arbitrum, a blockchain that processes transactions atop Ethereum with lower fees and faster speeds, has reported a significant uptick in USDG stablecoin lending through Morpho, a decentralized lending protocol.