Ask about Morpho
Morpho(MORPHO)
Total Value Locked$11.04b
TVL by Chain
Ethereum$5.067b
Base$4.438b
Robinhood Chain$558.97m
Hyperliquid L1$213.74m
Arc$198.34m
Monad$193.6m
Morph$78.48m
Flare$51.28m
Pharos$40.87m
Tempo$38.37m
World Chain$36.57m
Katana$36.18m
Stable$28.09m
Arbitrum$22.14m
Citrea$9.23m
Sei$8.12m
Plume Mainnet$4.33m
Polygon$4.33m
OP Mainnet$4.19m
Etherlink$3.65m
Unichain$1.52m
MegaETH$973,952
Celo$937,253
XDC$519,722
TAC$484,983
Abstract$286,485
Kaia$261,226
Soneium$32,753
Lisk$10,072
Scroll$7,383
Hemi$1,977
Avalanche$674
Fraxtal$415
Sonic$103
RISE$100
BSC$83
0G$38
Ink$13
Corn$0
Botanix$0
Linea$0
Mode$0
Bitlayer$0
Gnosis$0
Zircuit$0
Key Metrics
Fees 30d$13.75m
Fees 30d by chain
Ethereum$6.63m
Base$5.07m
Robinhood Chain$985,400
Hyperliquid L1$372,394
Monad$363,090
Stable$116,538
Flare$84,706
Katana$40,434
Arbitrum$29,563
Pharos$20,190
Plume Mainnet$20,084
Tempo$5,955
Abstract$5,082.27
Unichain$4,681.58
OP Mainnet$3,535
Polygon$3,285.57
Citrea$925.88
Etherlink$220.95
Arc$37.39
Celo$25.86
World Chain$19.23
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$704,685.78
Ethereum$342,765
Base$258,752.78
Robinhood Chain$56,853
Monad$23,607
Hyperliquid L1$11,650
Flare$3,838
Plume Mainnet$2,154
Katana$1,923
Arbitrum$1,343
Pharos$837
Unichain$323
Tempo$240
OP Mainnet$218
Polygon$104
Arc$37.39
Abstract$33.34
Celo$7.1
World Chain$1.17
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$704,123
Ethereum$342,765
Base$258,190
Robinhood Chain$56,853
Monad$23,607
Hyperliquid L1$11,650
Flare$3,838
Plume Mainnet$2,154
Katana$1,923
Arbitrum$1,343
Pharos$837
Unichain$323
Tempo$240
OP Mainnet$218
Polygon$104
Arc$37.39
Abstract$33.34
Celo$7.1
World Chain$1.17
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$346.32m
Ethereum$211.36m
Base$104.41m
Hyperliquid L1$15.2m
Arbitrum$4.67m
Katana$2.86m
Monad$2.18m
Robinhood Chain$2.12m
Polygon$1.27m
Unichain$1.06m
Flare$360,436
OP Mainnet$309,099
Stable$188,714.44
Plume Mainnet$103,478
Soneium$90,232.01
Corn$40,518
World Chain$36,176.13
Pharos$33,208.45
Abstract$8,298.6
Citrea$7,720.2
Tempo$7,033.43
Hemi$3,640
Etherlink$3,353.75
Celo$669.28
Arc$87.27
Fraxtal$1
Ink$0
Mode$0
Morph$0
Scroll$0
Sonic$0
Zircuit$0
Revenue 30d$0
Revenue 30d by chain
Abstract$0
Arbitrum$0
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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$0
Holders Revenue 30d by chain
Abstract$0
Arbitrum$0
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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
Arc$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
Morph$0
OP Mainnet$0
Pharos$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$11.77m
$492,932.79
$107,675.01
$13,324.18
$45.93m
Earnings (30d Run Rate)-$6.01m
-$492,932.79
-$107,675.01
-$13,324.18
-$45.93m
Collateral Liquidated 30d$38.68m
Collateral Liquidated 30d by chain
Ethereum$37.53m
Base$748,151.11
Hyperliquid L1$243,471.97
Robinhood Chain$124,507
Flare$27,028.09
Abstract$6,121
Plume Mainnet$728.05
Katana$263.1
World Chain$129.38
Arbitrum$54.12
Polygon$1.18
Arc$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$49,222.68
Ethereum$48,391.68
Base$535
Abstract$280
Flare$16
Arbitrum$0
Arc$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Collateral Liquidated 24h$49,082
Ethereum$48,251
Base$535
Abstract$280
Flare$16
Arbitrum$0
Arc$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Cumulative Collateral Liquidated$86.25m
Ethereum$81.5m
Hyperliquid L1$2.57m
Base$1.94m
Robinhood Chain$127,729.04
Flare$68,694.8
Celo$22,905
Abstract$7,243.82
Polygon$5,303.84
Arbitrum$3,059.04
Plume Mainnet$2,987.58
Katana$528.76
World Chain$452.1
OP Mainnet$18
Pharos$1.39
Sonic$0.04
Arc$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.828b
$MORPHO Price$2.61
$2.615b
$2.61b
$MORPHO Volume 24h$33.49m
CEX Volume$22.29m
DEX Volume$12.45m(37.16% of total)
Active Loans$5.257b
Treasury$35.75m
$82.78
Stablecoins$99.99
Own Tokens$35.75m
Others$1,743.54
Total Raised$243m
Jul 13, 2022$18mRound: StrategicInvestors: a16z, Variant
Feb 28, 2024Round: PrivateInvestors: Pantera Capital
Aug 1, 2024$50mRound: StrategicInvestors: 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.
- Morpho BlueLending
- Morpho MidnightLending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Collateral Liquidated: USD value of collateral seized during protocol liquidations
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 Tracked248
Average Supply APY4.72%
User Activity
Active Addresses (24h)4,167
Transactions (24h)66,703
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $11.04b in total value locked. TVL has increased 17.9% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 45 chains: Ethereum, Base, Robinhood Chain, Hyperliquid L1, and Arc and 40 others. Ethereum holds the largest share at 45.9%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $13.75m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $199.66m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.58. Its circulating market capitalization is $1.805b, ranking it #71. Its fully diluted valuation is $2.582b. Supply currently stands at 699.29m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is up 23.5% over the past 7 days and down 2.4% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 38.1% 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 $55.725b across 515 protocols, and Morpho accounts for 19.8% of that total. Other leading protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, LayerBank, Tarot, Impermax V2, and Compound V3.
How much has been borrowed through Morpho?
Morpho currently has $5.257b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $35.75m. Its holdings include $99.99 in stablecoins, $82.78 in major assets, $35.75m in its own tokens, $1,743.54 in other assets.