Blue Morpho is $0.4B overtaking Aave V3 in stablecoins supplied: $7.5B vs $7.9B. A year ago Aave V3 led $18.3 billion to $3.8 billion. The total for Aave V3, Aave V4, Blue Morpho and SparkLend is $18.0 billion, down from a record $27.1 billion in October 2025.