In the crowded DeFi lending arena, Morpho stands out with its non-zero-sum competitive strategy. Instead of directly replacing Aave or Compound, it chooses to become a "smart intermediary layer" above them. This is similar to how DEX aggregators transformed the trading market: they don't create new liquidity pools, but rather optimize the efficiency of existing ones. This positioning allows it to leverage, rather than disperse, the massive liquidity of existing protocols, thereby creating incremental value for the entire ecosystem, rather than getting bogged down in a cutthroat battle for TVL (Total Value Limit). @MorphoLabs #Morpho $MORPHO