As of October 2026, Monad held about USD 1 billion in TVL as its trading, lending, stablecoin, and RWA activity concentrated around emerging market leaders.
Morpho surpassed its previous TVL high while DeFi remained below its 2025 peak, supported by growth across Robinhood Chain, Arc, and real-world asset lending.
Circle’s Arc mainnet is scheduled for September 16, 2026, using USDC for gas and settlement while connecting stablecoin scale with institutional and programmable financial activity.
