Wu said that, according to Token Terminal data, Morpho borrowers have paid approximately 170 million dollars in interest over the past year. Based on a 10% commission rate, Morpho DAO's annualized revenue is about 17 million dollars, corresponding to a valuation of approximately 1.7 billion dollars. At the same time, it was compared that Aave's current annualized revenue is about 140 million dollars, corresponding to a valuation of approximately 1.5 billion dollars.