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Morphex(MPX)

Total Value Locked$4

TVL by Chain

Fantom$2

BSC$2

Key Metrics

Cumulative Fees$2.49m
Cumulative Fees by chain

Fantom$2.37m

BSC$122,565

Cumulative Revenue$746,996
Cumulative Revenue by chain

Fantom$710,221

BSC$36,775

Cumulative Holders Revenue$746,996
Cumulative Holders Revenue by chain

Fantom$710,221

BSC$36,775

Cumulative DEX Volume$395.76m
Cumulative DEX Volume by chain

Fantom$333.94m

BSC$61.82m

Cumulative Perp Volume$497.21m
Cumulative Perp Volume by chain

Fantom$481.41m

BSC$15.8m

Staked$0

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Protocol Information

Decentralized perpetual exchange on Fantom and BNB Chain

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Categories:DerivativesDexs
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Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Fees from open/close position (0.1%), liquidations, swap (0.2% to 0.8%), mint and burn (based on tokens balance in the pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)View code on GitHubRevenue: Governance revenue is 30% of all collected fees, which are distributed to MPX stakersView code on GitHubHolders Revenue: 30% of all collected fees are distributed to MPX stakersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Morphex history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Mar 13, 2023 to Nov 6, 2026.

All-time high TVL: $3.98m on May 24, 2023. All-time low TVL: $4 on Jun 3, 2026.

Daily TVL, Oct 8, 2026 to Nov 6, 2026

DateTVL
Oct 8, 2026$5
Oct 9, 2026$5
Oct 10, 2026$5
Oct 11, 2026$5
Oct 12, 2026$5
Oct 13, 2026$5
Oct 14, 2026$5
Oct 15, 2026$5
Oct 16, 2026$5
Oct 17, 2026$5
Oct 18, 2026$5
Oct 19, 2026$5
Oct 20, 2026$5
Oct 21, 2026$5
Oct 22, 2026$5
Oct 23, 2026$5
Oct 24, 2026$5
Oct 25, 2026$5
Oct 26, 2026$5
Oct 27, 2026$5
Oct 28, 2026$5
Oct 29, 2026$5
Oct 30, 2026$4
Oct 31, 2026$4
Nov 1, 2026$4
Nov 2, 2026$4
Nov 3, 2026$4
Nov 4, 2026$4
Nov 5, 2026$5
Nov 6, 2026$4

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
Dec 31, 2024$1.39m
Jan 31, 2025$80,285
Feb 28, 2025$30,862
Mar 31, 2025$11,988
Apr 30, 2025$11,717
May 31, 2025$9,409
Jun 30, 2025$9,555
Jul 31, 2025$11,249
Aug 31, 2025$11,395
Sep 30, 2025$29,326
Oct 31, 2025$27,756
Nov 30, 2025$23,006
Dec 31, 2025$22,474
Jan 31, 2026$21,245
Feb 28, 2026$16,574
Mar 31, 2026$5
Apr 30, 2026$5
May 31, 2026$5
Jun 30, 2026$4
Jul 31, 2026$4
Aug 31, 2026$4
Sep 30, 2026$5
Oct 31, 2026$4
Nov 6, 2026 (latest)$4

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

DateTVL
Dec 31, 2023$1.05m
Dec 31, 2024$1.39m
Dec 31, 2025$22,474

Fees, revenue and holders revenue by UTC calendar month, May 2023 to Apr 2025

MonthFeesRevenueHolders revenue
May 2023$359,869$107,959$107,959
Jun 2023$266,516$79,954$79,954
Jul 2023$117,467$35,238$35,238
Aug 2023$38,861$11,651$11,651
Sep 2023$24,934$7,482$7,482
Oct 2023$93,371$28,011$28,011
Nov 2023$138,840$41,654$41,654
Dec 2023$154,459$46,337$46,337
Jan 2024$87,382$26,218$26,218
Feb 2024$47,010$14,102$14,102
Mar 2024$208,423$62,519$62,519
Apr 2024$99,594$29,881$29,881
May 2024$11,812$3,543$3,543
Jun 2024$1,362$409$409
Jul 2024$1,940$582$582
Aug 2024$0$0$0
Sep 2024$1$0$0
Oct 2024$616$184$184
Nov 2024$16$4$4
Dec 2024$0$0$0
Jan 2025$0$0$0
Feb 2025$0$0$0
Mar 2025$0$0$0
Apr 2025$0$0$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/morphex

Frequently asked questions

What is Morphex's TVL?

As of Nov 6, 2026, Morphex has $4 in total value locked. TVL has decreased 20% over the past 30 days.

What chains does Morphex operate on?

Morphex operates on 2 chains: BSC and Fantom. BSC holds the largest share at 50%.

Which protocols are included in Morphex?

Morphex is a parent protocol whose tracked products include Morphex V2, Morphex V1 Perps, Morphex V2 AMM, and Morphex V1 AMM.