Ask about MorphoTotal Value Locked$7.668b
TVL by Chain
Ethereum$3.63b
Base$3.171b
Robinhood Chain$232.39m
Hyperliquid L1$230.45m
Monad$137.76m
Katana$70.77m
Flare$46.22m
Stable$32.02m
World Chain$26.41m
Arbitrum$24.24m
Sei$19.14m
Tempo$18.23m
Plume Mainnet$6.6m
Pharos$5.85m
Citrea$4.15m
Etherlink$3.64m
Polygon$3.34m
OP Mainnet$1.9m
Unichain$1.19m
Celo$832,267
TAC$530,531
XDC$471,097
Abstract$286,395
Kaia$233,707
Soneium$25,200
Lisk$9,184
Hemi$1,586
MegaETH$486
Fraxtal$301
BSC$96
Sonic$83
Scroll$36
0G$34
Ink$13
Corn$0
Botanix$0
Zircuit$0
Linea$0
Bitlayer$0
Mode$0
Gnosis$0
Key Metrics
Fees (Annualized)$222.74m
Fees 30d$25.89m
Ethereum$17.12m
Base$6.1m
Hyperliquid L1$1.88m
Robinhood Chain$262,586
Monad$231,247
Flare$101,905
Katana$55,433
Arbitrum$46,855
Stable$42,136
Plume Mainnet$19,974
OP Mainnet$11,927
Unichain$9,860.15
Polygon$5,316.5
Citrea$2,211
Etherlink$1,180.13
Abstract$604.92
World Chain$355.29
Pharos$276
Celo$29
Tempo$5.23
Corn$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$3.81m
Ethereum$1.55m
Base$1.51m
Hyperliquid L1$477,463
Robinhood Chain$133,167
Monad$85,035
Flare$20,370
Katana$12,179
Arbitrum$10,056
Plume Mainnet$4,589
Unichain$1,629.15
Polygon$1,203.5
OP Mainnet$1,160
Etherlink$403.13
Citrea$381
Pharos$276
Abstract$133.92
Stable$104
World Chain$43.29
Tempo$1.23
Celo$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 24h$557,073.37
Base$226,150.37
Ethereum$215,539
Hyperliquid L1$65,933
Robinhood Chain$26,395
Monad$15,406
Flare$2,790
Katana$2,153
Arbitrum$1,009
Plume Mainnet$691
Polygon$660
OP Mainnet$173
Stable$104
Unichain$26.15
Abstract$23.03
Etherlink$20
World Chain$0.67
Tempo$0.65
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Cumulative Fees$331.11m
Ethereum$210.11m
Base$93.08m
Hyperliquid L1$15.64m
Arbitrum$4.63m
Katana$2.78m
Monad$1.46m
Polygon$1.27m
Unichain$1.05m
OP Mainnet$300,754
Robinhood Chain$288,014
Flare$207,385
Soneium$90,226
Stable$64,362.85
Plume Mainnet$60,091
Corn$40,518
World Chain$36,487.06
Citrea$5,086
Hemi$3,644
Abstract$2,510.41
Etherlink$1,489.13
Celo$676
Pharos$597
Tempo$6.04
Fraxtal$1
Ink$0
Mode$0
Scroll$0
Sonic$0
Zircuit$0
Revenue (30d Run Rate)$0
Revenue 30d$0
Abstract$0
Arbitrum$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
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
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
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
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
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
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
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 Run Rate)$0
Holders Revenue 30d$0
Abstract$0
Arbitrum$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
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
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
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
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
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
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
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$16.23m
$314,333.79
$76,636.08
$20,179.72
$45.06m
Earnings (30d Run Rate)-$3.83m
-$314,333.79
-$76,636.08
-$20,179.72
-$45.06m
Collateral Liquidated 30d$4.19m
Collateral Liquidated 30d by chain
Ethereum$2.48m
Hyperliquid L1$1.68m
Base$15,666
Flare$5,827
Plume Mainnet$1,982
Abstract$976
Arbitrum$164
Katana$156
World Chain$18.11
Robinhood Chain$15
Polygon$1
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
Zircuit$0
Collateral Liquidated 7d$399,471.18
Ethereum$242,276.18
Hyperliquid L1$144,213
Base$12,118
Flare$666
Plume Mainnet$185
Robinhood Chain$6
World Chain$3.11
Arbitrum$3
Abstract$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$21,140.18
Ethereum$20,088.18
Base$1,013
Hyperliquid L1$20
Plume Mainnet$18
World Chain$1.11
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Collateral Liquidated$43.18m
Ethereum$41.47m
Hyperliquid L1$1.68m
Base$16,943
Flare$5,827
Arbitrum$2,960
Plume Mainnet$2,010
Abstract$976
Katana$156
World Chain$18.11
Robinhood Chain$15
Polygon$1
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
Zircuit$0
Market Cap$1.283b
$MORPHO Price$1.96
$1.958b
$1.96b
$MORPHO Volume 24h$18.41m
CEX Volume$12.09m
DEX Volume$6.43m(34.93% of total)
Active Loans$4.105b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.54m
$58.41
Stablecoins$99.9
Own Tokens$26.54m
Others$2,014.66
Total Raised$243m
Jul 13, 2022$18mRound: Strategic Investors: a16z, Variant
Feb 28, 2024Round: PrivateInvestors: Pantera Capital
Aug 1, 2024$50mRound: Strategic Investors: 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.
Category:Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Collateral Liquidated:
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 Tracked260
Average Supply APY4%
Competitors
Frequently Asked Questions
What is Morpho?
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.
What is Morpho's TVL?
Morpho currently has $7.668b in total value locked. TVL has increased 16.1% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 41 chains: Ethereum, Base, Robinhood Chain, Hyperliquid L1, and Monad and 36 others. Ethereum holds the largest share at 47.3%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $25.89m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $222.74m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $1.96. Its circulating market capitalization is $1.283b, ranking it #72. Its fully diluted valuation is $1.958b. Supply currently stands at 655.36m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 1.3% over the past 7 days and up 11.3% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 53% 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 $40.582b across 464 protocols, and Morpho accounts for 18.7% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $4.105b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $26.54m. Its holdings include $99.9 in stablecoins, $58.41 in major assets, $26.54m in its own tokens, $2,014.66 in other assets.
