Ask about Morphex · freeMorphex(MPX)
Total Value Locked$4
TVL by Chain
BSC$2
Fantom$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
Protocol Information
Decentralized perpetual exchange on Fantom and BNB Chain
- Morphex V2Derivatives
- Morphex V1 PerpsDerivatives
- Morphex V2 AMMDexs
- Morphex V1 AMMDexs
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 GitHubDEX 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 11, 2026.
All-time high TVL: $3.98m on May 24, 2023. All-time low TVL: $4 on Jun 3, 2026.
Daily TVL, Oct 13, 2026 to Nov 11, 2026
| Date | TVL |
|---|---|
| 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 |
| Nov 7, 2026 | $4 |
| Nov 8, 2026 | $4 |
| Nov 9, 2026 | $4 |
| Nov 10, 2026 | $4 |
| Nov 11, 2026 | $4 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 11, 2026 (latest) | $4 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| 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
| Month | Fees | Revenue | Holders 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 11, 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.