Monad's DeFi ecosystem just delivered quite the performance this week. Morpho broke through a major milestone by becoming the first protocol to cross $100 million in deposits—a significant validation for the platform. Over at PancakeSwap, the launchpad event for Leverup drew insane demand with 680x oversubscription, showing just how hungry the market is for new opportunities right now.

The momentum spread across the board too. Several major protocols including Curvance and Neverland Money are pushing their TVL (Total Value Locked) to fresh all-time highs, which signals genuine confidence in the ecosystem rather than just hype. When you see this kind of synchronized growth across multiple protocols—from deposit milestones to launchpad fever to TVL records—it usually means the underlying infrastructure and user adoption are genuinely strengthening. The DeFi space on Monad is clearly heating up.