Ask about MorpheusAI · freeTotal Value Locked$16.79m
TVL by Chain
Ethereum$16.79m
Arbitrum$0
Base$0
Key Metrics
Fees 30d$42,144
Fees 30d by chain
Ethereum$42,144
Arbitrum$0
Fees 7d$9,151
Ethereum$9,151
Arbitrum$0
Fees 24h$108
Ethereum$108
Arbitrum$0
Cumulative Fees$9.97m
Ethereum$9.97m
Arbitrum$0
Revenue 30d$42,144
Revenue 30d by chain
Ethereum$42,144
Arbitrum$0
Revenue 7d$9,151
Ethereum$9,151
Arbitrum$0
Revenue 24h$108
Ethereum$108
Arbitrum$0
Cumulative Revenue$9.97m
Ethereum$9.97m
Arbitrum$0
Holders Revenue 30d$38,758
Holders Revenue 30d by chain
Arbitrum$38,758
Ethereum$0
Holders Revenue 7d$8,186
Arbitrum$8,186
Ethereum$0
Holders Revenue 24h$1,117
Arbitrum$1,117
Ethereum$0
Cumulative Holders Revenue$7.31m
Arbitrum$7.31m
Ethereum$0
Incentives 1y$7.18m
Incentives 30d$371,953
Incentives 7d$72,646
Incentives 24h$10,264
Cumulative Incentives$125.28m
Earnings (Annualized)-$6.69m
Earnings 30d-$329,809
Earnings 7d-$63,495
Earnings 24h-$10,156
Cumulative Earnings-$115.31m
Market Cap$7.81m
$MOR Price$0.86
Fully Diluted Valuation$8.08m
Outstanding FDV$36.23m
$MOR Volume 24h$15,170
CEX Volume$0
DEX Volume$21,217(139.86% of total)
Staked$2.86m(36.59% of mcap)
Protocol Information
Morpheus is the decentralized infrastructure layer where anyone can build, deploy, and scale AI without gatekeepers. It combines yield-powered tokenomics, decentralized compute, and open-source code into a permissionless network — with the native token MOR aligning incentives through daily emissions to four contributor groups: Capital, Compute, Code, and Builders.
Audits:
Methodology
TVL: Ethereum TVL counts stETH and Aave aToken deposits held by the Morpheus capital contracts. Arbitrum and Base staking count the MOR balance held by their respective Morpheus Builders contracts; reported under staking because the deposit asset is the protocol token.View code on GitHubFees: Yield captured from deposits: stETH rebasing (Lido) + Aave V3 interest on wETH, USDC, USDT, wBTC.View code on GitHubRevenue: All captured yield (100%).View code on GitHubHolders Revenue: MOR buybacks funded by yield (75%): buy & burn, buy & lock, buy & add to PoL.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Competitors
MorpheusAI history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 9, 2024 to Oct 30, 2026.
All-time high TVL: $579.33m on May 28, 2024. All-time low TVL: $10.31m on Feb 6, 2026.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| Oct 1, 2026 | $23.56m |
| Oct 2, 2026 | $23.61m |
| Oct 3, 2026 | $23.41m |
| Oct 4, 2026 | $23.3m |
| Oct 5, 2026 | $21.71m |
| Oct 6, 2026 | $21.46m |
| Oct 7, 2026 | $21.35m |
| Oct 8, 2026 | $20.41m |
| Oct 9, 2026 | $19.71m |
| Oct 10, 2026 | $19.77m |
| Oct 11, 2026 | $19.92m |
| Oct 12, 2026 | $20.02m |
| Oct 13, 2026 | $19.12m |
| Oct 14, 2026 | $19.72m |
| Oct 15, 2026 | $19.11m |
| Oct 16, 2026 | $19.26m |
| Oct 17, 2026 | $18.57m |
| Oct 18, 2026 | $18.41m |
| Oct 19, 2026 | $18.43m |
| Oct 20, 2026 | $18.37m |
| Oct 21, 2026 | $18.74m |
| Oct 22, 2026 | $18.97m |
| Oct 23, 2026 | $18.25m |
| Oct 24, 2026 | $18.19m |
| Oct 25, 2026 | $18.07m |
| Oct 26, 2026 | $17.8m |
| Oct 27, 2026 | $17.83m |
| Oct 28, 2026 | $18m |
| Oct 29, 2026 | $18.04m |
| Oct 30, 2026 | $16.56m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $205.25m |
| Dec 31, 2024 | $145.51m |
| Jan 31, 2025 | $136.4m |
| Feb 28, 2025 | $85.08m |
| Mar 31, 2025 | $62.39m |
| Apr 30, 2025 | $50.58m |
| May 31, 2025 | $66.25m |
| Jun 30, 2025 | $63.46m |
| Jul 31, 2025 | $90.06m |
| Aug 31, 2025 | $93.19m |
| Sep 30, 2025 | $43.65m |
| Oct 31, 2025 | $33.57m |
| Nov 30, 2025 | $25.4m |
| Dec 31, 2025 | $24.44m |
| Jan 31, 2026 | $15.72m |
| Feb 28, 2026 | $11.14m |
| Mar 31, 2026 | $13.44m |
| Apr 30, 2026 | $14.15m |
| May 31, 2026 | $16.76m |
| Jun 30, 2026 | $11.87m |
| Jul 31, 2026 | $16.15m |
| Aug 31, 2026 | $20.29m |
| Sep 30, 2026 | $23.62m |
| Oct 30, 2026 (latest) | $16.56m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $145.51m |
| Dec 31, 2025 | $24.44m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $459,340 | $459,340 | $333,012 |
| Dec 2024 | $445,059 | $445,059 | $1.36m |
| Jan 2025 | $343,016 | $343,016 | $374,310 |
| Feb 2025 | $260,250 | $260,250 | $181,887 |
| Mar 2025 | $186,406 | $186,406 | $209,133 |
| Apr 2025 | $128,481 | $128,481 | $108,776 |
| May 2025 | $151,268 | $151,268 | $145,673 |
| Jun 2025 | $146,024 | $146,024 | $479,019 |
| Jul 2025 | $181,474 | $181,474 | $204,520 |
| Aug 2025 | $214,635 | $214,635 | $272,375 |
| Sep 2025 | $167,353 | $167,353 | $228,432 |
| Oct 2025 | $88,265 | $88,265 | $155,621 |
| Nov 2025 | $60,844 | $60,844 | $61,103 |
| Dec 2025 | $57,233 | $57,233 | $72,121 |
| Jan 2026 | $52,491 | $52,491 | $44,497 |
| Feb 2026 | $24,623 | $24,623 | $18,599 |
| Mar 2026 | $31,723 | $31,723 | $21,312 |
| Apr 2026 | $32,648 | $32,648 | $30,579 |
| May 2026 | $36,140 | $36,140 | $34,199 |
| Jun 2026 | $28,550 | $28,550 | $18,658 |
| Jul 2026 | $29,336 | $29,336 | $33,050 |
| Aug 2026 | $38,241 | $38,241 | $23,956 |
| Sep 2026 | $46,380 | $46,380 | $42,498 |
| Oct 2026 (to date) | $40,566 | $40,566 | $37,973 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/morpheusai
Frequently asked questions
What is MorpheusAI's TVL?
As of Oct 30, 2026, MorpheusAI has $16.79m in total value locked. TVL has decreased 28.9% over the past 30 days.
What chains does MorpheusAI operate on?
MorpheusAI operates on 3 chains: Ethereum, Arbitrum, and Base. Ethereum holds the largest share at 100%.
How much has MorpheusAI generated in fees and revenue?
Over the past 30 days, MorpheusAI generated $42,144 in fees. Of that, $42,144 was protocol revenue. Based on the trailing year, the annualized rate is $483,520 in fees and $483,520 in revenue.
What is the MOR token price and valuation?
MOR is currently trading at $0.86. Its circulating market capitalization is $7.8m, ranking it #1,723. Its fully diluted valuation is $8.07m. Supply currently stands at 9.07m circulating, 9.38m total supply, 42m maximum supply.
How has MOR performed recently?
MOR is down 3.1% over the past 7 days and down 34.3% over the past 30 days. Its all-time high is $138.99, reached on May 21, 2024. The token is currently 99.4% below that level.
How does MorpheusAI's TVL compare to similar protocols?
Among AI Agents protocols tracked by DefiLlama, MorpheusAI ranks #1 by TVL. The category holds $28.18m across 39 protocols, and MorpheusAI accounts for 59.6% of that total. Similar protocols include ZyFAI, Krystal Auto-Farm Vault, Infinite Trading Protocol, Giza, Vaultfire, Botto, Mind Network, TermiX, Glorb, and Vader AI.