Size and Money Locked

Morpho has about $11.6 billion locked across its supported networks, while Sky holds roughly $5 billion. This makes Morpho the larger platform in terms of capital at rest.

Activity and Fees

Both apps generate close to $900 k in fees each day, with Morpho at about $932 k and Sky at about $914 k. The fee figures suggest a comparable level of user activity on both platforms.

Networks and Reach

Morpho operates on 45 chains, spanning Ethereum, Base, Arbitrum and many others, giving it broad cross‑chain accessibility. Sky is limited to Ethereum only, focusing on a single network.

Who Each Platform Suits

Morpho appeals to users and developers who want a permissionless, multi‑chain lending environment with customizable risk‑reward options. Sky is suited for users who prefer a simple, non‑custodial saving experience on Ethereum, earning rewards in USDS.