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Morpho Blue(MORPHO)

Total Value Locked$11.2b

TVL by Chain

Ethereum$5.082b

Base$4.408b

Robinhood Chain$617.38m

Arc$298.52m

Monad$172.58m

Hyperliquid L1$128.48m

Arbitrum$127.95m

Morph$67.21m

Pharos$66.03m

Tempo$65.78m

Flare$44.11m

World Chain$38.36m

Katana$27.59m

Stable$26.88m

Citrea$8.64m

OP Mainnet$4.4m

Etherlink$4.36m

Polygon$3.26m

Sei$3.03m

Plume Mainnet$2.16m

Unichain$1.06m

MegaETH$928,443

XDC$550,103

Celo$536,408

TAC$331,648

Kaia$298,360

Abstract$33,833

Soneium$26,662

Lisk$3,785

Hemi$1,585

Avalanche$540.32

Fraxtal$360.61

Sonic$103.50

RISE$94.55

BSC$82.88

Scroll$37.03

0G$36.29

Ink$13.83

Mode$0

Corn$0

Zircuit$0

Bitlayer$0

Gnosis$0

Botanix$0

Linea$0

Key Metrics

Fees 30d$22.63m

Fees 30d by chain

Ethereum$9.9m

Base$9.23m

Robinhood Chain$1.78m

Monad$620,769

Hyperliquid L1$366,645

Arc$284,919

Stable$135,141

Flare$96,237

Arbitrum$76,794

Pharos$49,798

Katana$45,613

Plume Mainnet$13,760

Polygon$7,741

OP Mainnet$5,282

Unichain$4,068

Abstract$3,724

Citrea$2,110

Tempo$644.69

World Chain$82.36

Celo$47.14

Morph$0.38

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$5.32m

Ethereum$2.28m

Base$2.17m

Robinhood Chain$414,293

Monad$137,618

Hyperliquid L1$122,197

Arc$96,151

Arbitrum$41,053

Flare$22,470

Stable$14,995

Pharos$10,494

Katana$7,150

Plume Mainnet$2,341

Polygon$1,537

OP Mainnet$1,300

Unichain$798.24

Tempo$109.49

Celo$6.53

Abstract$0.38

World Chain$0.21

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$775,898

Ethereum$331,368

Base$324,798

Robinhood Chain$64,948

Monad$17,761

Arc$17,447

Arbitrum$7,948

Hyperliquid L1$7,511

Flare$2,351

Katana$609

Pharos$421

Plume Mainnet$315

Polygon$246

OP Mainnet$158

Tempo$15.29

Celo$0.69

Abstract$0.02

World Chain$0.02

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Unichain$0

Zircuit$0

Cumulative Fees$376.92m

Ethereum$224.78m

Base$116.85m

Hyperliquid L1$15.72m

Arbitrum$4.77m

Robinhood Chain$4.55m

Monad$3.03m

Katana$2.93m

Polygon$1.28m

Unichain$1.06m

Flare$500,170

Stable$386,420

OP Mainnet$316,584

Arc$302,951

Plume Mainnet$124,769

Pharos$97,742

Soneium$90,232

Corn$40,518

World Chain$36,266

Tempo$13,358

Abstract$12,428

Citrea$11,161

Hemi$3,640

Etherlink$3,354

Celo$711.29

Fraxtal$1

Morph$0.38

Ink$0

Mode$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

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

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

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

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

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

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

Collateral Liquidated 30d$6m

Collateral Liquidated 30d by chain

Base$3.35m

Hyperliquid L1$1.27m

Robinhood Chain$766,581

Ethereum$444,774

Abstract$69,502

Flare$64,918

World Chain$19,238

Polygon$7,994

Plume Mainnet$1,036

Arbitrum$840.90

Arc$496.39

Katana$242.66

Monad$7.29

Morph$5.48

Unichain$1.84

OP Mainnet$0.01

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Zircuit$0

Collateral Liquidated 7d$1.93m

Base$709,083

Hyperliquid L1$707,851

Robinhood Chain$262,834

Ethereum$242,495

World Chain$6,266

Flare$1,902

Arbitrum$260.52

Plume Mainnet$30.23

Unichain$0.94

Arc$0.39

OP Mainnet$0.01

Abstract$0

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Katana$0

Mode$0

Monad$0

Morph$0

Pharos$0

Polygon$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Zircuit$0

Collateral Liquidated 24h$796,322

Base$414,433

Robinhood Chain$256,975

Ethereum$120,158

World Chain$2,740

Flare$1,181

Arbitrum$782

Hyperliquid L1$50

Plume Mainnet$2.76

Arc$0.38

Abstract$0

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Katana$0

Mode$0

Monad$0

Morph$0

OP Mainnet$0

Pharos$0

Polygon$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$54.11m

Ethereum$43.02m

Base$5.77m

Hyperliquid L1$3.83m

Robinhood Chain$1.21m

Flare$134,903

Abstract$76,746

Celo$22,905

World Chain$22,433

Polygon$13,298

Arbitrum$4,691

Plume Mainnet$4,050

Katana$771.42

Arc$496.77

OP Mainnet$18.01

Monad$7.29

Morph$5.48

Unichain$1.84

Pharos$1.39

Sonic$0.04

Citrea$0

Etherlink$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Stable$0

Tempo$0

Zircuit$0

Active Loans$5.726b

Protocol Information

Morpho Blue is a trustless and efficient lending primitive with permissionless market creation

Website X/Twitter

Category:Lending

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol Fees: Total borrow interest paid by borrowers + liquidation bonues earned by liquidators.Revenue: No revenue for Morpho protocol.Holders Revenue: Collateral Liquidated: Total USD value of collateral seized in Morpho Blue Liquidate events.

Yields

Pools Tracked253

Average Supply APY4.69%

User Activity

Active Addresses (24h)2,833

Transactions (24h)59,709

Competitors

Aave V3 ($16.618b)Avalon Finance ($1.23m)Euler V2 ($280.66m)Ajna V2 ($44,790)PWN ($21,662)Gearbox ($22.98m)LayerBank ($3.9m)Tarot ($550,229)Impermax V2 ($530,368)Compound V3 ($1.371b)

Income statement for Morpho Blue

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024
Gross Protocol Revenue	$19.16M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$18.29M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$873.31K	$1.59M	$6.49M	$10.88M	$9.4M	$1.05M	$738.75K	$1.32M	$216.94K	$1.7M	$1.08M	$127.4K
Cost of Revenue	$19.16M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$18.29M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$873.31K	$1.59M	$6.49M	$10.88M	$9.4M	$1.05M	$738.75K	$1.32M	$216.94K	$1.7M	$1.08M	$127.4K
Gross Profit	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Earnings	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Token Holder Net Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Morpho Blue history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 14, 2024 to Oct 25, 2026.

All-time high TVL: $11.476b on Oct 6, 2026. All-time low TVL: $11.11m on Jan 15, 2024.

Daily TVL, Sep 26, 2026 to Oct 25, 2026

Date	TVL
Sep 26, 2026	$11.025b
Sep 27, 2026	$11.048b
Sep 28, 2026	$11.051b
Sep 29, 2026	$10.978b
Sep 30, 2026	$11.017b
Oct 1, 2026	$10.979b
Oct 2, 2026	$11.192b
Oct 3, 2026	$11.297b
Oct 4, 2026	$11.321b
Oct 5, 2026	$11.467b
Oct 6, 2026	$11.476b
Oct 7, 2026	$11.46b
Oct 8, 2026	$11.262b
Oct 9, 2026	$11.077b
Oct 10, 2026	$11.211b
Oct 11, 2026	$11.286b
Oct 12, 2026	$11.362b
Oct 13, 2026	$11.115b
Oct 14, 2026	$11.257b
Oct 15, 2026	$11.004b
Oct 16, 2026	$11.088b
Oct 17, 2026	$11.044b
Oct 18, 2026	$11.028b
Oct 19, 2026	$11.091b
Oct 20, 2026	$11.09b
Oct 21, 2026	$11.27b
Oct 22, 2026	$11.355b
Oct 23, 2026	$11.14b
Oct 24, 2026	$11.152b
Oct 25, 2026	$11.205b

TVL at each month end, Nov 2024 to Oct 2026

Date	TVL
Nov 30, 2024	$1.988b
Dec 31, 2024	$2.854b
Jan 31, 2025	$3.698b
Feb 28, 2025	$3.006b
Mar 31, 2025	$2.751b
Apr 30, 2025	$2.732b
May 31, 2025	$3.614b
Jun 30, 2025	$4.108b
Jul 31, 2025	$5.856b
Aug 31, 2025	$7.239b
Sep 30, 2025	$7.054b
Oct 31, 2025	$8.361b
Nov 30, 2025	$6.058b
Dec 31, 2025	$5.803b
Jan 31, 2026	$6.581b
Feb 28, 2026	$5.703b
Mar 31, 2026	$6.982b
Apr 30, 2026	$7.007b
May 31, 2026	$7.407b
Jun 30, 2026	$6.644b
Jul 31, 2026	$7.792b
Aug 31, 2026	$9.514b
Sep 30, 2026	$11.017b
Oct 25, 2026 (latest)	$11.205b

TVL at each year end, Dec 31, 2024 to Dec 31, 2025

Date	TVL
Dec 31, 2024	$2.854b
Dec 31, 2025	$5.803b

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

Month	Fees	Revenue	Holders revenue
Nov 2024	$5.93m	$0	$0
Dec 2024	$11.81m	$0	$0
Jan 2025	$10.93m	$0	$0
Feb 2025	$10.04m	$0	$0
Mar 2025	$7.09m	$0	$0
Apr 2025	$5.62m	$0	$0
May 2025	$6.35m	$0	$0
Jun 2025	$8.12m	$0	$0
Jul 2025	$12.16m	$0	$0
Aug 2025	$19.06m	$0	$0
Sep 2025	$22.81m	$0	$0
Oct 2025	$24.15m	$0	$0
Nov 2025	$22.93m	$0	$0
Dec 2025	$12.25m	$0	$0
Jan 2026	$15.65m	$0	$0
Feb 2026	$17.74m	$0	$0
Mar 2026	$11.34m	$0	$0
Apr 2026	$14.55m	$0	$0
May 2026	$15.28m	$0	$0
Jun 2026	$18.77m	$0	$0
Jul 2026	$14.89m	$0	$0
Aug 2026	$18.42m	$0	$0
Sep 2026	$19.57m	$0	$0
Oct 2026 (to date)	$19.16m	$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/morpho-blue

Frequently asked questions

What is Morpho Blue's TVL?

As of Oct 25, 2026, Morpho Blue has $11.2b in total value locked. TVL has increased 3% over the past 30 days.

What chains does Morpho Blue operate on?

Morpho Blue operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Monad and 40 others. Ethereum holds the largest share at 45.4%.

How much has Morpho Blue generated in fees and revenue?

Over the past 30 days, Morpho Blue generated $22.63m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $204.64m in fees.

How does Morpho Blue's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Morpho Blue ranks #2 by TVL. The category holds $52.201b across 518 protocols, and Morpho Blue accounts for 21.4% of that total. Similar 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 Blue?

As of Oct 25, 2026, Morpho Blue has $5.726b in active loans.