Vaults, the firms that run them, the venues they run on, or the networks underneath. Nothing here is marked as the winner: a comparison with a winner is a leaderboard, and the leaderboard is what this site exists to argue with.
Up to 6 at once.
Everything the venue has ever run. Narrow the period and the vault counts follow it; the capital figures stay as of now, because there is no per-platform history behind them.
Venue
None of these venues publishes a closure. That is not evidence that nothing has failed. A lending vault goes quiet rather than being shut, so every panel above and below describes the survivors.
Not computable where closures are not reported.
Each panel has its own scale: a count and a sum of dollars share no axis, and forcing them onto one would draw the smaller measure as nothing. Compare across a panel, never between them.
| Measure | Morpho Vaults V2 | Morpho | Concrete |
|---|---|---|---|
| Kind | lending vault | lending vault | strategy vault |
| Networks | 12 | 10 | 5 |
| Open vaults | 204 | 159 | 30 |
| Closed vaults | 0 not reported | 0 not reported | 0 not reported |
| Mortality | — | — | — |
| Capital held | $4.76B | $2.02B | $1.30B |
| Agent-managed vaults | 85 | 73 | 0 |
| Agent-managed share | 77% | 51% | 0% |
| Lent out | 76% | 88% | — |
Nothing above is ranked. The venues differ in what they are, so the same row means different things across columns. A lending venue’s lent-out share and a perpetuals venue’s dash are not two values of one measure, they are a measure and its absence.