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Morpho Blue(MORPHO)

Total Value Locked$11.035b

TVL by Chain

Ethereum$5.013b

Base$4.399b

Robinhood Chain$599.44m

Arc$307.1m

Monad$169m

Hyperliquid L1$146.1m

Pharos$66.83m

Tempo$65.41m

Morph$60.81m

Flare$44.46m

Arbitrum$40.71m

World Chain$39.25m

Katana$28.51m

Stable$28.44m

Citrea$8.63m

OP Mainnet$3.66m

Etherlink$3.66m

Polygon$3.16m

Plume Mainnet$2.51m

Sei$1.56m

Unichain$1.09m

MegaETH$926,723

Celo$570,349

XDC$560,450

TAC$341,604

Kaia$320,490

Abstract$38,205

Soneium$27,805

Lisk$8,892

Hemi$1,735

Avalanche$606.79

Fraxtal$370.37

Sonic$103.63

RISE$95.61

BSC$82.79

0G$39.50

Scroll$37.20

Ink$13.87

Mode$0

Corn$0

Zircuit$0

Bitlayer$0

Gnosis$0

Botanix$0

Linea$0

Key Metrics

Fees 30d$21.55m

Fees 30d by chain

Ethereum$9.7m

Base$8.66m

Robinhood Chain$1.73m

Monad$625,950

Hyperliquid L1$305,608

Arc$126,765

Stable$111,411

Flare$102,563

Katana$54,734

Pharos$45,965

Arbitrum$38,286

Plume Mainnet$19,773

Polygon$6,710

OP Mainnet$5,568

Tempo$5,405

Unichain$4,901

Abstract$4,882

Citrea$2,852

World Chain$86.82

Celo$49.21

Etherlink$13

Morph$0.38

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$5.76m

Base$2.5m

Ethereum$2.37m

Robinhood Chain$423,740

Monad$145,957

Stable$107,579

Arc$85,361

Hyperliquid L1$50,351

Flare$20,183

Arbitrum$15,284

Katana$11,881

Pharos$11,445

Plume Mainnet$5,324

Polygon$1,852

Abstract$1,380

OP Mainnet$1,134

Unichain$821.85

Citrea$526

Tempo$89.22

Celo$16.93

World Chain$0.58

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$720,988

Base$303,625

Ethereum$300,695

Robinhood Chain$59,989

Monad$19,719

Arc$16,002

Stable$7,148

Hyperliquid L1$5,642

Flare$3,130

Arbitrum$2,917

Katana$895

Plume Mainnet$359

Citrea$258

Polygon$223

OP Mainnet$155

Unichain$133

Pharos$84

Tempo$13.49

Celo$1.02

Abstract$0.14

World Chain$0.06

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Cumulative Fees$368.39m

Ethereum$221.16m

Base$113.33m

Hyperliquid L1$15.52m

Arbitrum$4.72m

Robinhood Chain$3.89m

Katana$2.92m

Monad$2.82m

Polygon$1.28m

Unichain$1.06m

Flare$463,729

Stable$366,006

OP Mainnet$314,616

Arc$142,767

Plume Mainnet$121,198

Soneium$90,232

Pharos$78,420

Corn$40,518

World Chain$36,262

Tempo$13,189

Abstract$12,428

Citrea$11,064

Hemi$3,640

Etherlink$3,354

Celo$704.93

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

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

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

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

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$2.28m

Collateral Liquidated 30d by chain

Base$1.4m

Robinhood Chain$566,371

Ethereum$100,616

Abstract$69,797

Flare$62,289

Hyperliquid L1$57,931

World Chain$11,836

Polygon$7,994

Plume Mainnet$1,020

Katana$117.65

Arbitrum$64.74

Morph$5.48

Monad$0.40

Arc$0

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

Unichain$0

Zircuit$0

Collateral Liquidated 7d$1.46m

Base$1.29m

Abstract$64,128

Hyperliquid L1$45,901

Robinhood Chain$25,890

Ethereum$17,207

Flare$9,772

World Chain$9,731

Polygon$2,000

Plume Mainnet$396.79

Arbitrum$44.38

Katana$2.86

Arc$0

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Monad$0

Morph$0

OP Mainnet$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Collateral Liquidated 24h$97,565

Ethereum$64,278

Base$32,627

Robinhood Chain$632

Flare$25

World Chain$2.38

Plume Mainnet$1.01

Hyperliquid L1$0.11

Abstract$0

Arbitrum$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

Tempo$0

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$49.53m

Ethereum$42.57m

Base$3.38m

Hyperliquid L1$2.63m

Robinhood Chain$691,568

Flare$130,988

Abstract$76,746

Celo$22,905

Polygon$13,298

World Chain$12,291

Plume Mainnet$3,997

Arbitrum$3,124

Katana$646.41

OP Mainnet$18

Morph$5.48

Pharos$1.39

Monad$0.40

Sonic$0.04

Arc$0

Citrea$0

Etherlink$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Active Loans$5.623b

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 Tracked264

Average Supply APY5.14%

User Activity

Active Addresses (24h)3,191

Transactions (24h)57,311

Competitors

Aave V3 ($17.071b)Avalon Finance ($1.26m)Euler V2 ($293.21m)Ajna V2 ($46,627)PWN ($21,986)Gearbox ($23.16m)LayerBank ($2.47m)Tarot ($745,379)Impermax V2 ($575,735)Compound V3 ($1.409b)

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	$10.63M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$10.11M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$517.47K	$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	$10.63M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$10.11M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$517.47K	$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

Frequently asked questions

What is Morpho Blue's TVL?

Morpho Blue currently has $11.035b in total value locked. TVL has increased 13.2% 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 $21.55m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $204.39m 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 $51.957b across 516 protocols, and Morpho Blue accounts for 21.2% 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 Blue?

Morpho Blue currently has $5.623b in active loans.