Ask about MorphoTotal Value Locked$7.584b
TVL by Chain
Ethereum$3.62b
Base$3.128b
Hyperliquid L1$243.87m
Robinhood Chain$202.68m
Monad$112.44m
Katana$72.34m
Flare$48.34m
Stable$33.96m
World Chain$28.73m
Arbitrum$25.22m
Sei$19.18m
Tempo$18.93m
Plume Mainnet$6.57m
Pharos$5.86m
Citrea$4.22m
Etherlink$3.73m
Polygon$3.52m
OP Mainnet$2.09m
Unichain$1.66m
Celo$887,512
TAC$527,372
XDC$480,112
Kaia$450,268
Abstract$326,496
Soneium$25,712
Lisk$15,791
Scroll$11,006
Hemi$1,653
MegaETH$467
Fraxtal$299
BSC$105
Sonic$83
0G$34
Ink$13
Corn$0
Botanix$0
Bitlayer$0
Linea$0
Mode$0
Zircuit$0
Gnosis$0
Key Metrics
Fees (Annualized)$234.34m
Fees 30d$38.46m
Ethereum$29.22m
Base$6.81m
Hyperliquid L1$1.72m
Monad$199,738
Robinhood Chain$170,833
Flare$107,263
Katana$75,676
Stable$64,256
Arbitrum$48,129
Plume Mainnet$20,899
OP Mainnet$13,474
Unichain$10,133
Polygon$5,157
Citrea$2,199
Etherlink$1,347
Abstract$608
World Chain$398
Celo$92
Tempo$4
Corn$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$16.36m
Ethereum$14.26m
Base$1.43m
Hyperliquid L1$470,611
Robinhood Chain$89,556
Monad$55,537
Flare$20,402
Katana$10,425
Arbitrum$10,329
Plume Mainnet$4,558
Unichain$1,878
OP Mainnet$1,529
Polygon$892
Etherlink$398
Citrea$305
Abstract$124
World Chain$85
Celo$9
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Fees 24h$6.44m
Ethereum$6.13m
Base$214,903
Hyperliquid L1$58,866
Robinhood Chain$15,610
Monad$10,838
Flare$2,629
Katana$1,550
Arbitrum$1,048
Plume Mainnet$656
Unichain$117
OP Mainnet$115
Polygon$96
Etherlink$59
World Chain$40
Abstract$21
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Fees$340.13m
Ethereum$220.81m
Base$91.98m
Hyperliquid L1$15.28m
Arbitrum$4.62m
Katana$2.77m
Monad$1.38m
Polygon$1.27m
Unichain$1.05m
OP Mainnet$299,946
Flare$193,572
Robinhood Chain$170,833
Soneium$90,226
Stable$64,256
Plume Mainnet$56,636
Corn$40,518
World Chain$36,525
Citrea$4,705
Hemi$3,644
Abstract$2,435
Etherlink$1,347
Celo$676
Tempo$4
Fraxtal$1
Ink$0
Mode$0
Scroll$0
Sonic$0
Zircuit$0
Revenue (30d Run Rate)$0
Revenue 30d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Revenue 7d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Revenue 24h$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Cumulative Revenue$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue 7d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue 24h$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Cumulative Holders Revenue$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
OP Mainnet$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Incentives 1y$16.26m
$289,080
$63,700
$17,649
$45m
Earnings (30d Run Rate)-$3.53m
-$289,080
-$63,700
-$17,649
-$45m
Collateral Liquidated 30d$4.06m
Collateral Liquidated 30d by chain
Ethereum$2.41m
Hyperliquid L1$1.63m
Flare$5,161
Base$3,723
Plume Mainnet$1,827
Abstract$976
Arbitrum$164
Katana$156
World Chain$17
Robinhood Chain$9
Polygon$1
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
OP Mainnet$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$871,223
Hyperliquid L1$524,452
Ethereum$345,067
Plume Mainnet$957
Base$533
Arbitrum$164
Katana$38
Robinhood Chain$9
World Chain$2
Abstract$0
Celo$0
Citrea$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$126,493
Ethereum$74,861
Hyperliquid L1$51,448
Base$173
Plume Mainnet$9
World Chain$2
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Collateral Liquidated$43m
Ethereum$41.36m
Hyperliquid L1$1.63m
Flare$5,161
Base$3,723
Plume Mainnet$1,827
Abstract$976
Arbitrum$164
Katana$156
World Chain$17
Robinhood Chain$9
Polygon$1
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
OP Mainnet$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.257b
$MORPHO Price$1.92
$1.918b
$1.92b
$MORPHO Volume 24h$25.58m
CEX Volume$21.32m
DEX Volume$9.06m(35.43% of total)
Active Loans$3.993b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.28m
$58.09
Stablecoins$99.94
Own Tokens$26.28m
Others$2,121
Total Raised$243m
Jul 13, 2022$18mRound: Strategic Investors: a16z, Variant
Feb 28, 2024Round: PrivateInvestors: Pantera Capital
Aug 1, 2024$50mRound: Strategic Investors: Ribbit Capital, a16z crypto, Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard, BlockTower Capital, Kraken Ventures, Hack VC, IOSG, RockawayX, L1D, Mirana Ventures, Cherry Crypto, Semantic, Fenbushi Capital, LeadBlock Partners, Robot Ventures
Jun 9, 2026$175mRound: Investors: Paradigm, a16z crypto, Ribbit Capital, VanEck, Apollo Global Management, Circle Ventures, Ledger Cathay Capital, Variant Fund, Wintermute Ventures, IOSG Ventures, HashKey Capital, SBI Group, BPI France, Mirana Ventures
Protocol Information
Morpho is a permissionless decentralized lending platform that operates on two levels: it offers tailored solutions for users to earn and borrow on their terms and provides a flexible infrastructure stack that empowers developers and businesses to build custom applications. Morpho's unique value lies in offering users the ability to tailor their own risk-reward profile by selecting from curated vaults, markets, or products.
Category:Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Collateral Liquidated:
Incentives: 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
Yields
Pools Tracked261
Average Supply APY4.17%
Competitors
Frequently Asked Questions
What is Morpho?
Morpho is a permissionless decentralized lending platform that operates on two levels: it offers tailored solutions for users to earn and borrow on their terms and provides a flexible infrastructure stack that empowers developers and businesses to build custom applications. Morpho's unique value lies in offering users the ability to tailor their own risk-reward profile by selecting from curated vaults, markets, or products.
What is Morpho's TVL?
Morpho currently has $7.584b in total value locked. TVL has increased 9.8% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 41 chains: Ethereum, Base, Hyperliquid L1, Robinhood Chain, and Monad and 36 others. Ethereum holds the largest share at 47.7%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $38.46m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $234.34m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $1.92. Its circulating market capitalization is $1.257b, ranking it #73. Its fully diluted valuation is $1.918b. Supply currently stands at 655.11m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 5% over the past 7 days and up 7% over the past 30 days. Its all-time high is $4.17, reached on January 17, 2025. The token is currently 54% below that level.
How does Morpho's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Morpho ranks #2 by TVL. The category holds $40.651b across 463 protocols, and Morpho accounts for 18.5% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $3.993b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $26.28m. Its holdings include $99.94 in stablecoins, $58.09 in major assets, $26.28m in its own tokens, $2,121 in other assets.
