⌘K

Morpho Blue(MORPHO)

Total Value Locked$10.273b

TVL by Chain

Ethereum$4.596b

Base$3.958b

Robinhood Chain$601.21m

Arc$295.1m

Arbitrum$176.74m

Monad$168.82m

Hyperliquid L1$124.08m

Pharos$108.72m

Tempo$68.99m

Stable$64.09m

Flare$36.97m

World Chain$26.97m

Katana$20.89m

Citrea$7.74m

Etherlink$4.38m

OP Mainnet$3.32m

Morph$3m

Polygon$2.75m

Plume Mainnet$996,909

MegaETH$916,858

Unichain$748,632

Sei$741,011

Celo$501,315

XDC$481,722

TAC$211,730

Kaia$104,163

Abstract$28,433

Soneium$21,051

Avalanche$488.05

Sonic$103.29

RISE$82.43

BSC$81.66

0G$35.01

Ink$13.54

Lisk$0

Gnosis$0

Linea$0

Fraxtal$0

Scroll$0

Mode$0

Corn$0

Hemi$0

Zircuit$0

Bitlayer$0

Botanix$0

Key Metrics

Fees 30d$29.84m

Fees 30d by chain

Base$14.49m

Ethereum$11.24m

Robinhood Chain$1.85m

Monad$660,176

Arc$494,081

Hyperliquid L1$468,880

Arbitrum$283,716

Flare$117,043

Stable$96,878

Pharos$76,695

Katana$34,260

Plume Mainnet$11,146

Polygon$9,960

OP Mainnet$5,922

Unichain$3,107

Citrea$2,702

Tempo$254.11

Celo$19.63

Abstract$6.27

World Chain$4.93

Hemi$0.01

Fraxtal$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$9.33m

Base$5.55m

Ethereum$2.73m

Robinhood Chain$458,055

Monad$148,793

Arc$130,243

Hyperliquid L1$121,710

Arbitrum$91,421

Flare$40,453

Pharos$26,923

Stable$17,523

Katana$6,617

Polygon$3,063

Plume Mainnet$2,081

OP Mainnet$1,343

Unichain$736.33

Citrea$635

Tempo$10.66

Abstract$5.75

Celo$3.92

World Chain$0.08

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$1.52m

Base$1.01m

Ethereum$309,503

Robinhood Chain$55,800

Hyperliquid L1$52,121

Flare$25,100

Monad$22,347

Arc$18,457

Arbitrum$12,144

Stable$9,608

Katana$913

Plume Mainnet$615

Pharos$313

Polygon$231

OP Mainnet$135

Unichain$84.16

Citrea$49

Tempo$2.39

World Chain$0.10

Abstract$0

Celo$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Cumulative Fees$398.26m

Ethereum$232.43m

Base$127.83m

Hyperliquid L1$15.99m

Robinhood Chain$5.73m

Arbitrum$5m

Monad$3.48m

Katana$2.95m

Polygon$1.29m

Unichain$1.06m

Arc$637,190

Flare$580,941

Stable$456,175

OP Mainnet$320,543

Pharos$158,621

Plume Mainnet$132,339

Soneium$90,232

Corn$40,518

World Chain$36,267

Citrea$13,766

Tempo$13,444

Abstract$12,434

Hemi$3,640

Etherlink$3,354

Celo$723.70

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$101.64m

Collateral Liquidated 30d by chain

Base$81.73m

Ethereum$16.28m

Hyperliquid L1$2.48m

Robinhood Chain$596,654

Flare$379,868

World Chain$105,258

Arc$30,142

Arbitrum$17,123

Monad$10,897

Polygon$6,186

Katana$3,726

Plume Mainnet$143.75

Abstract$38

Unichain$7.14

Tempo$4.56

Pharos$0.12

OP Mainnet$0.01

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Zircuit$0

Collateral Liquidated 7d$71.26m

Base$63.64m

Ethereum$6.1m

Hyperliquid L1$852,684

Flare$312,537

Robinhood Chain$305,857

World Chain$42,759

Arbitrum$14,459

Arc$3,373

Katana$200

Plume Mainnet$40.17

Abstract$38

Tempo$4.56

Unichain$3.71

Monad$3.42

Polygon$1.10

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

OP Mainnet$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Zircuit$0

Collateral Liquidated 24h$16.13m

Base$15.13m

Hyperliquid L1$460,722

Flare$326,134

Ethereum$199,286

World Chain$6,951

Arbitrum$6,648

Robinhood Chain$10

Plume Mainnet$5.69

Tempo$4.47

Abstract$0

Arc$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

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$151.18m

Base$85.12m

Ethereum$58.85m

Hyperliquid L1$5.1m

Robinhood Chain$1.29m

Flare$510,868

World Chain$117,549

Abstract$76,784

Arc$30,142

Celo$22,905

Arbitrum$20,246

Polygon$19,484

Monad$10,898

Katana$4,372

Plume Mainnet$4,142

OP Mainnet$18.01

Unichain$7.14

Morph$5.48

Tempo$4.56

Pharos$1.51

Sonic$0.04

Citrea$0

Etherlink$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Stable$0

Zircuit$0

Active Loans$5.545b

Protocol Information

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

Website X/Twitter

Morpho Blue forks

Part of Morpho

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 Tracked272

Average Supply APY5.24%

Largest Pools by TVL

steakUSDGRobinhood Chain$537.18m

grove-steakUSDCBase$520.85m

sxsRLUSDEthereum$499.96m

sirloinUSDCBase$452.5m

sparkUSDCBase$398.89m

All pools above $1m (174)

View all Yields

User Activity

Active Addresses (24h)4,317

Transactions (24h)95,160

Competitors

Aave V3 ($14.166b)Avalon Finance ($890,520)Euler V2 ($245.25m)Ajna V2 ($40,602)PWN ($19,660)Gearbox ($19.38m)LayerBank ($5.04m)Impermax V2 ($476,464)Tarot ($453,800)Compound V3 ($1.105b)

Closest by TVL

SparkLend ($4.371b)JustLend V1 ($3.182b)

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	$42.02M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$35.54M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$6.48M	$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	$42.02M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$35.54M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$6.48M	$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 Nov 14, 2026.

All-time high TVL: $11.479b on Nov 5, 2026. All-time low TVL: $11.11m on Jan 15, 2024.

Daily TVL, Oct 16, 2026 to Nov 14, 2026

Date	TVL
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
Oct 26, 2026	$11.21b
Oct 27, 2026	$11.335b
Oct 28, 2026	$11.284b
Oct 29, 2026	$11.217b
Oct 30, 2026	$10.48b
Oct 31, 2026	$10.92b
Nov 1, 2026	$11.01b
Nov 2, 2026	$11.151b
Nov 3, 2026	$10.964b
Nov 4, 2026	$11.094b
Nov 5, 2026	$11.479b
Nov 6, 2026	$10.964b
Nov 7, 2026	$10.835b
Nov 8, 2026	$10.935b
Nov 9, 2026	$10.798b
Nov 10, 2026	$10.888b
Nov 11, 2026	$10.825b
Nov 12, 2026	$10.906b
Nov 13, 2026	$10.7b
Nov 14, 2026	$10.422b

TVL at each month end, Dec 2024 to Nov 2026

Date	TVL
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 31, 2026	$10.92b
Nov 14, 2026 (latest)	$10.422b

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, Dec 2024 to Nov 2026

Month	Fees	Revenue	Holders revenue
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	$25.39m	$0	$0
Nov 2026 (to date)	$16.63m	$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 Nov 14, 2026, Morpho Blue has $10.273b in total value locked. TVL has decreased 6.6% over the past 30 days.

What chains does Morpho Blue operate on?

Morpho Blue operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Arbitrum and 40 others. Ethereum holds the largest share at 44.7%.

How much has Morpho Blue generated in fees and revenue?

Over the past 30 days, Morpho Blue generated $29.84m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $211.42m 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 $45.987b across 520 protocols, and Morpho Blue accounts for 22.3% of that total. Similar protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, LayerBank, Impermax V2, Tarot, and Compound V3.

How much has been borrowed through Morpho Blue?

As of Nov 14, 2026, Morpho Blue has $5.545b in active loans.