⌘K

Morpho Blue(MORPHO)

Total Value Locked$10.829b

TVL by Chain

Ethereum$4.855b

Base$4.266b

Robinhood Chain$599.53m

Arc$286.33m

Arbitrum$169.69m

Monad$164.62m

Hyperliquid L1$131.24m

Pharos$113.93m

Tempo$68.08m

Stable$49.84m

Flare$40.88m

World Chain$31.65m

Katana$23.11m

Citrea$8.21m

Etherlink$4.38m

OP Mainnet$4.03m

Morph$3.17m

Polygon$2.96m

Sei$1.99m

Plume Mainnet$1.13m

MegaETH$927,879

Unichain$808,759

Celo$566,098

XDC$502,123

TAC$217,137

Kaia$105,710

Abstract$30,761

Soneium$22,531

Avalanche$541.63

Sonic$103.28

RISE$89.69

BSC$81.71

0G$34.32

Ink$13.71

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$27.18m

Fees 30d by chain

Base$12.16m

Ethereum$11.07m

Robinhood Chain$1.81m

Monad$653,578

Arc$476,874

Hyperliquid L1$431,509

Arbitrum$233,198

Stable$98,873

Flare$96,544

Pharos$68,081

Katana$38,204

Plume Mainnet$11,429

Polygon$9,172

OP Mainnet$5,757

Unichain$3,319

Citrea$2,544

Tempo$313.33

Celo$27.73

Abstract$6.68

World Chain$5.24

Hemi$0.01

Fraxtal$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$7.87m

Base$3.79m

Ethereum$3.05m

Robinhood Chain$421,421

Monad$160,069

Hyperliquid L1$133,519

Arc$109,878

Arbitrum$89,787

Stable$52,232

Pharos$24,754

Flare$23,820

Katana$7,346

Polygon$3,099

Plume Mainnet$2,981

OP Mainnet$1,375

Unichain$797.25

Citrea$521

Tempo$10.79

Abstract$5.80

Celo$4.22

World Chain$0.11

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$1.97m

Base$1.27m

Ethereum$527,352

Robinhood Chain$65,261

Hyperliquid L1$41,393

Monad$23,170

Arc$19,860

Arbitrum$15,175

Pharos$8,787

Flare$3,415

Katana$1,758

Polygon$510

Plume Mainnet$297

Unichain$193

OP Mainnet$151

Abstract$5.73

Tempo$1.77

World Chain$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

Cumulative Fees$391.85m

Ethereum$230.62m

Base$123.97m

Hyperliquid L1$15.91m

Robinhood Chain$5.4m

Arbitrum$4.94m

Monad$3.37m

Katana$2.95m

Polygon$1.29m

Unichain$1.06m

Arc$546,849

Flare$546,071

Stable$438,652

OP Mainnet$319,554

Pharos$138,211

Plume Mainnet$130,942

Soneium$90,232

Corn$40,518

World Chain$36,267

Tempo$13,436

Citrea$13,131

Abstract$12,434

Hemi$3,640

Etherlink$3,354

Celo$719.78

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$51.62m

Collateral Liquidated 30d by chain

Base$35.03m

Ethereum$13.93m

Hyperliquid L1$2.15m

Robinhood Chain$303,185

World Chain$80,053

Flare$74,136

Arc$26,768

Monad$10,897

Polygon$6,187

Arbitrum$3,761

Katana$3,583

Plume Mainnet$429.06

Abstract$38

Unichain$3.43

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

Tempo$0

Zircuit$0

Collateral Liquidated 7d$35.81m

Base$22.17m

Ethereum$12.65m

Hyperliquid L1$900,171

Flare$57,417

World Chain$29,989

Katana$3,449

Arbitrum$1,948

Robinhood Chain$1,757

Plume Mainnet$42.56

Abstract$38

Polygon$4.18

Monad$3.42

Arc$0

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

Tempo$0

Unichain$0

Zircuit$0

Collateral Liquidated 24h$20.8m

Base$16.62m

Ethereum$3.65m

Hyperliquid L1$507,153

World Chain$14,287

Flare$5,300

Arbitrum$1,087

Robinhood Chain$340

Katana$54

Abstract$39

Plume Mainnet$5.14

Monad$3.69

Polygon$1.10

Arc$0

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

Tempo$0

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$100.55m

Ethereum$56.43m

Base$37.94m

Hyperliquid L1$4.74m

Robinhood Chain$983,090

Flare$198,509

World Chain$90,893

Abstract$76,784

Arc$26,768

Celo$22,905

Polygon$19,484

Monad$10,898

Arbitrum$6,879

Katana$4,226

Plume Mainnet$4,115

OP Mainnet$18.01

Morph$5.48

Unichain$3.43

Pharos$1.51

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$5.63b

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 Tracked267

Average Supply APY5.17%

User Activity

Active Addresses (24h)3,141

Transactions (24h)56,464

Competitors

Aave V3 ($15.291b)Avalon Finance ($1.07m)Euler V2 ($274.19m)Ajna V2 ($42,276)PWN ($20,576)Gearbox ($21.12m)LayerBank ($5.33m)Impermax V2 ($508,609)Tarot ($449,103)Compound V3 ($1.217b)

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	$36.06M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$31.68M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$4.38M	$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	$36.06M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$31.68M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$4.38M	$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 9, 2026.

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

Daily TVL, Oct 11, 2026 to Nov 9, 2026

Date	TVL
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
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

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 9, 2026 (latest)	$10.798b

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)	$10.66m	$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 9, 2026, Morpho Blue has $10.829b in total value locked. TVL has decreased 3.4% 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 44.8%.

How much has Morpho Blue generated in fees and revenue?

Over the past 30 days, Morpho Blue generated $27.18m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $208.37m 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 $48.882b across 518 protocols, and Morpho Blue accounts for 22.1% 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 9, 2026, Morpho Blue has $5.63b in active loans.