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![Token_Logic Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1615046383962099713.png) TokenLogic [@Token_Logic](/creator/twitter/Token_Logic) on x 1917 followers
Created: 2025-07-09 18:00:27 UTC

$AAVE continues to outperform $MORPHO on all fronts.

Since last year:
▪️ $AAVE +267%
▪️ $MORPHO +8%

Aave’s FDV is 3.5x higher than Morpho’s, with XX% of its supply circulating versus XX% for Morpho, and XXX% unlocked versus only 17%.

If you look at the FDV relative to active loans, Aave is nearly twice as capital efficient as Morpho.

Each $X of Aave’s FDV supports ~$3.70 of active loans, while for Morpho it’s only ~$1.70.

Even more, Aave is buying back $AAVE with real revenue, while Morpho is buying users through MORPHO emissions — all supported by a low float and high FDV.

And the deeper you look, the more Bullish $AAVE you become 👻👇

1/

![](https://pbs.twimg.com/media/Gvby5D1a4AACdyt.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943007355664543751/c:line.svg)

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[Post Link](https://x.com/Token_Logic/status/1943007355664543751)