Total Value Locked$9.58b
TVL by Chain
Ethereum$4.347b
Base$3.914b
Robinhood Chain$515.29m
Hyperliquid L1$267.23m
Monad$172.75m
Morph$71.1m
Flare$53.77m
Katana$47.29m
Tempo$44.42m
Stable$31.93m
World Chain$31.67m
Pharos$27.39m
Arbitrum$21.81m
Sei$8.12m
Plume Mainnet$6.1m
Citrea$4.81m
Polygon$3.87m
Etherlink$3.64m
OP Mainnet$3.55m
Unichain$1.3m
MegaETH$988,141
Celo$799,793
TAC$510,100
XDC$480,215
Kaia$254,249
Abstract$237,966
Soneium$27,800
Lisk$12,189
Hemi$2,115
Fraxtal$372
BSC$84
Sonic$83
Scroll$37
0G$34
Ink$13
Corn$0
Botanix$0
Bitlayer$0
Zircuit$0
Linea$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$18.66m
Fees 30d by chain
Ethereum$8.79m
Base$7.14m
Robinhood Chain$1.26m
Hyperliquid L1$572,200
Monad$501,278
Stable$116,689
Flare$101,020
Katana$56,371
Arbitrum$40,483
Plume Mainnet$26,756
Pharos$25,730
Tempo$6,042.51
OP Mainnet$5,166
Unichain$5,000.84
Polygon$4,733.53
Abstract$4,463.48
Citrea$1,774.84
Etherlink$299.93
World Chain$33.73
Celo$18.39
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.32m
Ethereum$1.96m
Base$1.68m
Robinhood Chain$343,280
Monad$126,429
Hyperliquid L1$118,766
Flare$35,871
Katana$19,045
Arbitrum$9,877
Pharos$7,689
Plume Mainnet$6,578
Abstract$3,539.09
Tempo$2,791
Unichain$2,206.07
OP Mainnet$1,036
Polygon$837.76
Citrea$343
Etherlink$220.95
Celo$18.38
World Chain$9.49
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$607,014.16
Ethereum$276,512
Base$238,183.16
Robinhood Chain$48,344
Monad$19,087
Hyperliquid L1$14,825
Flare$4,179
Katana$1,830
Arbitrum$1,634
Plume Mainnet$686
Abstract$569
Tempo$485
Pharos$347
OP Mainnet$129
Unichain$105
Polygon$69.88
Celo$18.38
Etherlink$9.95
World Chain$0.45
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$344.9m
Ethereum$210.66m
Base$103.89m
Hyperliquid L1$15.18m
Arbitrum$4.67m
Katana$2.85m
Monad$2.14m
Robinhood Chain$2m
Polygon$1.27m
Unichain$1.06m
Flare$352,956
OP Mainnet$308,494
Stable$188,714.44
Plume Mainnet$99,283
Soneium$90,232.01
Corn$40,518
World Chain$36,173.98
Pharos$32,718.45
Abstract$7,781.26
Citrea$7,720.2
Tempo$6,582.43
Hemi$3,640
Etherlink$3,340.75
Celo$673.08
Fraxtal$1
Ink$0
Mode$0
Morph$0
Scroll$0
Sonic$0
Zircuit$0
Revenue 30d$0
Revenue 30d by chain
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
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
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 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
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
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
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
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 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
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
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$12.52m
$624,516.84
$100,940.92
$2,572.41
$45.75m
Earnings (30d Run Rate)-$7.62m
-$624,516.84
-$100,940.92
-$2,572.41
-$45.75m
Collateral Liquidated 30d$40.06m
Collateral Liquidated 30d by chain
Ethereum$37.74m
Base$1.54m
Hyperliquid L1$676,248.57
Robinhood Chain$74,395.11
Flare$30,474
Abstract$1,303
Plume Mainnet$806.37
World Chain$338.29
Katana$266.49
Arbitrum$72.62
Polygon$72.18
Pharos$1.39
Sonic$0.04
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$130,656.94
Robinhood Chain$74,366
Hyperliquid L1$19,004.42
Ethereum$15,845.94
Flare$12,014
Base$7,766.11
Abstract$1,303
Katana$162.01
World Chain$121.28
Arbitrum$41
Plume Mainnet$33.83
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$22,410
Hyperliquid L1$12,591
Base$7,131
Abstract$1,303
Flare$1,002
Robinhood Chain$271
Ethereum$107
Plume Mainnet$4.52
World Chain$0.26
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Collateral Liquidated$86.1m
Ethereum$81.4m
Hyperliquid L1$2.57m
Base$1.95m
Robinhood Chain$74,695.04
Flare$69,675
Celo$22,905
Polygon$5,303.84
Abstract$3,718.82
Arbitrum$3,059.04
Plume Mainnet$2,981.1
Katana$528.76
World Chain$452.23
OP Mainnet$18
Pharos$1.39
Sonic$0.04
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.57b
$MORPHO Price$2.28
$2.28b
$2.28b
$MORPHO Volume 24h$19.54m
CEX Volume$13.49m
DEX Volume$7.97m(40.8% of total)
Active Loans$4.91b
Treasury$30.91m
$73.46
Stablecoins$99.97
Own Tokens$30.9m
Others$3,000.63
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
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.
- Morpho BlueLending
- Morpho MidnightLending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
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 Tracked242
Average Supply APY4.32%
User Activity
Active Addresses (24h)3,521
Transactions (24h)50,006
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $9.58b in total value locked. TVL has increased 21.3% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 42 chains: Ethereum, Base, Robinhood Chain, Hyperliquid L1, and Monad and 37 others. Ethereum holds the largest share at 45.4%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $18.66m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $207.36m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.28. Its circulating market capitalization is $1.57b, ranking it #68. Its fully diluted valuation is $2.28b. Supply currently stands at 688.91m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 8% over the past 7 days and up 14.8% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 45.3% 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 $50.088b across 521 protocols, and Morpho accounts for 19.1% of that total. Other leading protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, Compound V3, LayerBank, Teller, and Tarot.
How much has been borrowed through Morpho?
Morpho currently has $4.91b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $30.91m. Its holdings include $99.97 in stablecoins, $73.46 in major assets, $30.9m in its own tokens, $3,000.63 in other assets.