Morpho supported a $1 billion lending product for a major exchange, but its market cap is only a quarter of AAVE's. The story behind it is worth paying attention to. After Stream Finance's curator management error evaporated $285 million, the market plunged into panic. Interestingly, the exchange did not suspend Morpho integration; instead, it continued to strengthen product development. Behind this steadfast strategy during the crisis is either confidence in the protocol's fundamentals or a path dependency that has already formed in the product. Once the lending scale truly explodes, the revaluation space for token valuation may far exceed market expectations. The key is, when ecosystem expansion meets risk management, who can ultimately come out on top.