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Morpho(MORPHO)

Total Value Locked$11.339b

TVL by Chain

Ethereum$5.229b

Base$4.385b

Robinhood Chain$616.97m

Arc$297.45m

Monad$174.26m

Arbitrum$142.99m

Hyperliquid L1$130.04m

Morph$66.85m

Tempo$66.05m

Pharos$65.72m

Flare$44.09m

World Chain$37.13m

Stable$26.88m

Katana$26.61m

Citrea$8.59m

OP Mainnet$4.49m

Etherlink$4.36m

Polygon$3.23m

Sei$3.1m

Plume Mainnet$2.17m

Unichain$1.05m

MegaETH$927,374

Celo$540,867

XDC$536,600

TAC$331,207

Kaia$179,341

Abstract$33,730

Soneium$26,753

Lisk$3,780

Hemi$1,559

Avalanche$539

Fraxtal$353

Sonic$103

RISE$94

BSC$82

Scroll$36

0G$35

Ink$13

Mode$0

Corn$0

Zircuit$0

Bitlayer$0

Gnosis$0

Botanix$0

Linea$0

Key Metrics

Fees 30d$22.71m
Fees 30d by chain

Ethereum$9.91m

Base$9.29m

Robinhood Chain$1.78m

Monad$622,122

Hyperliquid L1$363,372

Arc$303,041

Stable$135,141

Flare$95,992

Arbitrum$84,588

Pharos$49,776

Katana$43,752

Plume Mainnet$13,507

Polygon$7,553

OP Mainnet$5,247

Unichain$3,759

Abstract$3,697

Citrea$1,889

Tempo$621.59

World Chain$81.61

Celo$46.87

Morph$0.38

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$5.24m

Ethereum$2.28m

Base$2.15m

Robinhood Chain$412,381

Monad$139,878

Arc$104,015

Hyperliquid L1$46,511

Arbitrum$46,468

Flare$22,339

Stable$14,995

Pharos$10,494

Katana$7,305

Plume Mainnet$2,206

Polygon$1,478

OP Mainnet$1,347

Unichain$423.01

Tempo$108.89

Celo$7.23

Abstract$0.38

World Chain$0.19

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$738,974

Ethereum$326,122

Base$297,228

Robinhood Chain$54,047

Monad$22,543

Arc$18,435

Arbitrum$8,524

Hyperliquid L1$7,909

Flare$2,693

Katana$858

Plume Mainnet$261

OP Mainnet$192

Polygon$139

Tempo$15.22

Unichain$7.77

Celo$0.70

World Chain$0.02

Abstract$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Zircuit$0

Cumulative Fees$377.68m

Ethereum$225.11m

Base$117.16m

Hyperliquid L1$15.73m

Arbitrum$4.78m

Robinhood Chain$4.59m

Monad$3.06m

Katana$2.93m

Polygon$1.28m

Unichain$1.06m

Flare$503,360

Stable$386,420

Arc$322,189

OP Mainnet$316,762

Plume Mainnet$125,013

Pharos$99,029

Soneium$90,232

Corn$40,518

World Chain$36,266

Tempo$13,373

Abstract$12,428

Citrea$11,161

Hemi$3,640

Etherlink$3,354

Celo$712

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

Incentives 1y$9.93m

Incentives 30d$534,716

Incentives 7d$103,626

Incentives 24h$4,134

Cumulative Incentives$46.57m

Earnings (30d Run Rate)-$6.52m

Earnings 30d-$534,716

Earnings 7d-$103,626

Earnings 24h-$4,134

Cumulative Earnings-$46.57m

Collateral Liquidated 30d$6.04m
Collateral Liquidated 30d by chain

Base$3.35m

Hyperliquid L1$1.27m

Robinhood Chain$766,677

Ethereum$484,922

Abstract$69,502

Flare$64,884

World Chain$19,300

Polygon$7,994

Arbitrum$1,622

Plume Mainnet$1,036

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$966,944

Base$450,021

Robinhood Chain$259,059

Ethereum$248,830

World Chain$6,304

Flare$1,308

Arbitrum$1,042

Hyperliquid L1$352.04

Plume Mainnet$28.81

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

Unichain$0

Zircuit$0

Collateral Liquidated 24h$6,939

Ethereum$5,710

Arbitrum$781

Base$275

Robinhood Chain$109

World Chain$64

Abstract$0

Arc$0

Celo$0

Citrea$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

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$92.38m

Ethereum$81.95m

Base$5.36m

Hyperliquid L1$3.84m

Robinhood Chain$955,053

Flare$133,722

Abstract$76,746

Celo$22,905

World Chain$19,820

Polygon$13,298

Arbitrum$4,690

Plume Mainnet$4,047

Katana$771.42

Arc$496.39

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

Market Cap$1.409b

$MORPHO Price$2

All Time High$4.17

All Time Low$0.71

View $MORPHO token page

Fully Diluted Valuation$2.005b

Outstanding FDV$2b

$MORPHO Volume 24h$16.69m

CEX Volume$9.75m

DEX Volume$7.43m(44.53% of total)

Active Loans$5.791b

Treasury$27.41m

Majors$69.53

Stablecoins$99.94

Own Tokens$27.41m

Others$1,121

Total Raised$243m

Jul 13, 2022$18mRound: StrategicInvestors: a16z, Variant

Feb 28, 2024Round: PrivateInvestors: Pantera Capital

Aug 1, 2024$50mRound: StrategicInvestors: 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

Loading chart...
TradingCrypto Hacks · DefiLlama

Morpho bad debt or exploit in October 2026?

Incidents on record1last Oct 14, 2024
DeFi exploits of $1m+ this year75
Since this market opened0
Jan 5, 2026Shaded: this market's window · log scaleNov 1, 2026
Activity
12.4K TYD
Liquidity
15.7K TYD
Rules & activity

This market will resolve to "Yes" if the Morpho protocol suffers a qualifying bad debt event or exploit at any time after the creation of this market and before November 1, 2026 - 00:00 UTC. Otherwise, this market will resolve to "No." For the purposes of this market: • "Exploit" is defined as a hack, smart contract vulnerability exploit, oracle manipulation, or compromised key attack on any official Morpho deployment resulting in a verifiable loss of $1,000,000 or more in a single incident. • "Bad debt" is defined as unrecoverable debt on any official Morpho deployment, where liquidated or undercollateralized positions leave the protocol with unpaid debt of $1,000,000 or more in a single incident, as confirmed by onchain data. • Only incidents occurring after market creation are eligible. Incidents that began before market creation do not qualify. • Losses must be realized and not covered in full by the protocol's own mechanisms within the same incident (recovery of exploited funds does not negate an exploit that has already occurred). • Exploits of third-party protocols that merely integrate Morpho, bridged or wrapped asset depegs without resulting protocol bad debt, and temporary price volatility or normal liquidations do not qualify.

Market activity includes traded volume and minted collateral.

Quotes are in TYD; Yes and No pools are priced independently. 100% = 1 TYD.

Resolution source: • Onchain data • DefiLlama hacks dashboard

Earliest possible resolution: Nov 1, 2026, 12:00 AM UTC. This is not the event deadline or a trading cutoff.

Resolution history

  1. CreatedOct 20, 2026, 5:15 AM UTC

Recent activity

  1. No trade · 46.72 TYD at 89.1%Oct 24, 2026, 5:27 PM UTC
  2. Yes trade · 6.11 TYD at 11.7%Oct 24, 2026, 5:27 PM UTC
  3. Market activityOct 24, 2026, 5:27 PM UTC
  4. No trade · 47.8 TYD at 89.5%Oct 24, 2026, 5:27 PM UTC
  5. Market activityOct 24, 2026, 7:33 AM UTC

Quotes fetched just now.

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
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Holders Revenue: View code on GitHub

Collateral Liquidated: USD value of collateral seized during protocol liquidations

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 Tracked253

Average Supply APY4.87%

User Activity

Active Addresses (24h)2,833

Transactions (24h)59,709

Competitors

Morpho history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 19, 2022 to Oct 26, 2026.

All-time high TVL: $11.482b on Oct 6, 2026. All-time low TVL: $25.13m on Sep 15, 2022.

Daily TVL, Sep 27, 2026 to Oct 26, 2026

DateTVL
Sep 27, 2026$11.053b
Sep 28, 2026$11.056b
Sep 29, 2026$10.982b
Sep 30, 2026$11.021b
Oct 1, 2026$10.984b
Oct 2, 2026$11.197b
Oct 3, 2026$11.302b
Oct 4, 2026$11.326b
Oct 5, 2026$11.472b
Oct 6, 2026$11.482b
Oct 7, 2026$11.466b
Oct 8, 2026$11.268b
Oct 9, 2026$11.082b
Oct 10, 2026$11.219b
Oct 11, 2026$11.293b
Oct 12, 2026$11.369b
Oct 13, 2026$11.123b
Oct 14, 2026$11.264b
Oct 15, 2026$11.011b
Oct 16, 2026$11.096b
Oct 17, 2026$11.054b
Oct 18, 2026$11.038b
Oct 19, 2026$11.101b
Oct 20, 2026$11.101b
Oct 21, 2026$11.284b
Oct 22, 2026$11.371b
Oct 23, 2026$11.197b
Oct 24, 2026$11.266b
Oct 25, 2026$11.319b
Oct 26, 2026$11.324b

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$2.474b
Dec 31, 2024$3.252b
Jan 31, 2025$4.084b
Feb 28, 2025$3.275b
Mar 31, 2025$2.89b
Apr 30, 2025$2.8b
May 31, 2025$3.71b
Jun 30, 2025$4.2b
Jul 31, 2025$5.996b
Aug 31, 2025$7.403b
Sep 30, 2025$7.211b
Oct 31, 2025$8.518b
Nov 30, 2025$6.181b
Dec 31, 2025$5.803b
Jan 31, 2026$6.581b
Feb 28, 2026$5.703b
Mar 31, 2026$6.982b
Apr 30, 2026$7.008b
May 31, 2026$7.408b
Jun 30, 2026$6.644b
Jul 31, 2026$7.795b
Aug 31, 2026$9.517b
Sep 30, 2026$11.021b
Oct 26, 2026 (latest)$11.324b

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$181.66m
Dec 31, 2023$598.61m
Dec 31, 2024$3.252b
Dec 31, 2025$5.803b

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

MonthFeesRevenueHolders 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$18.43m$0$0
Sep 2026$19.59m$0$0
Oct 2026 (to date)$19.88m$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

Frequently asked questions

What is Morpho's TVL?

As of Oct 26, 2026, Morpho has $11.339b in total value locked. TVL has increased 2.8% over the past 30 days.

What chains does Morpho operate on?

Morpho operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Monad and 40 others. Ethereum holds the largest share at 46.1%.

How much has Morpho generated in fees and revenue?

Over the past 30 days, Morpho generated $22.71m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $204.79m in fees.

What is the MORPHO token price and valuation?

MORPHO is currently trading at $2. Its circulating market capitalization is $1.409b, ranking it #81. Its fully diluted valuation is $2.005b. Supply currently stands at 703m circulating, 1b total supply, 1b maximum supply.

How has MORPHO performed recently?

MORPHO is down 17.9% over the past 7 days and down 26.5% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 52% 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 $52.003b across 517 protocols, and Morpho accounts for 21.8% 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?

As of Oct 26, 2026, Morpho has $5.791b in active loans.

Does Morpho have a treasury?

Morpho has a tracked treasury currently valued at $27.41m. Its holdings include $99.94 in stablecoins, $69.53 in major assets, $27.41m in its own tokens, $1,121 in other assets.