Ask about MorphoTotal Value Locked$7.499b
TVL by Chain
Ethereum$3.549b
Base$3.09b
Robinhood Chain$237.82m
Hyperliquid L1$222.55m
Monad$137.97m
Katana$67.72m
Flare$44.55m
Stable$34.6m
World Chain$25.24m
Arbitrum$22.34m
Sei$19.45m
Tempo$17.9m
Plume Mainnet$6.59m
Pharos$6.41m
Citrea$4.05m
Etherlink$3.64m
Polygon$3.25m
OP Mainnet$1.82m
Unichain$1.14m
Celo$825,641
TAC$527,190
XDC$466,049
Abstract$298,861
Kaia$225,750
Soneium$24,444
Scroll$10,639
Lisk$8,971
Hemi$1,559
MegaETH$511
Fraxtal$291
BSC$96
Sonic$83
0G$33
Ink$13
Corn$0
Botanix$0
Zircuit$0
Linea$0
Bitlayer$0
Mode$0
Gnosis$0
Key Metrics
Fees (Annualized)$222.82m
Fees 30d$26m
Ethereum$17.16m
Base$6.12m
Hyperliquid L1$1.89m
Robinhood Chain$288,969
Monad$245,440
Flare$101,792
Katana$52,622
Arbitrum$46,480
Stable$37,885.85
Plume Mainnet$20,148
OP Mainnet$11,555
Unichain$9,581.15
Polygon$5,281.5
Citrea$2,211
Etherlink$1,176.13
Pharos$597
Abstract$596.39
World Chain$355.04
Celo$29
Tempo$5.17
Corn$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$3.86m
Ethereum$1.58m
Base$1.52m
Hyperliquid L1$460,695
Robinhood Chain$148,904
Monad$97,422
Flare$18,945
Katana$12,591
Arbitrum$9,773
Plume Mainnet$4,786
Unichain$1,572.15
Polygon$1,209.5
OP Mainnet$1,093
Pharos$471
Citrea$381
Etherlink$266.13
Stable$106.85
Abstract$105.39
World Chain$44.04
Tempo$2.17
Celo$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 24h$577,616.32
Ethereum$247,816
Base$219,776.32
Hyperliquid L1$54,748
Robinhood Chain$26,383
Monad$21,044
Flare$2,563
Katana$2,223
Arbitrum$1,343
Plume Mainnet$917
Pharos$321
Unichain$194
OP Mainnet$155
Polygon$119
Abstract$9.47
Stable$2.85
Tempo$0.94
World Chain$0.75
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Cumulative Fees$331.66m
Ethereum$210.34m
Base$93.3m
Hyperliquid L1$15.67m
Arbitrum$4.63m
Katana$2.79m
Monad$1.48m
Polygon$1.27m
Unichain$1.05m
Robinhood Chain$314,628
OP Mainnet$300,903
Flare$210,349
Soneium$90,226
Stable$64,362.85
Plume Mainnet$60,739
Corn$40,518
World Chain$36,487.74
Citrea$5,086
Hemi$3,644
Abstract$2,506.4
Etherlink$1,489.13
Celo$676
Pharos$657.09
Tempo$7.05
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$16.02m
$306,826.77
$67,490.31
$10,025.84
$45.06m
Earnings (30d Run Rate)-$3.74m
-$306,826.77
-$67,490.31
-$10,025.84
-$45.06m
Collateral Liquidated 30d$4.26m
Collateral Liquidated 30d by chain
Ethereum$2.48m
Hyperliquid L1$1.68m
Base$85,253
Flare$6,615
Arbitrum$2,961
Plume Mainnet$2,000
Abstract$976
Katana$158.9
World Chain$18.11
Robinhood Chain$15.17
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$466,525.35
Ethereum$242,109.35
Hyperliquid L1$138,246
Base$81,704
Arbitrum$2,797
Flare$1,454
Plume Mainnet$203
Robinhood Chain$6.17
World Chain$3.11
Katana$2.9
Abstract$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$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$73,242.17
Base$69,587
Arbitrum$2,797
Flare$788
Hyperliquid L1$32
Plume Mainnet$18
Ethereum$17.17
Katana$2.9
Robinhood Chain$0.17
Abstract$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Cumulative Collateral Liquidated$43.24m
Ethereum$41.45m
Hyperliquid L1$1.68m
Base$88,007
Flare$9,796
Arbitrum$2,961
Plume Mainnet$2,019
Abstract$976
Katana$187.9
World Chain$18.11
Robinhood Chain$15.33
Polygon$1.08
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$1.291b
$MORPHO Price$1.97
$1.97b
$1.97b
$MORPHO Volume 24h$14.15m
CEX Volume$10.04m
DEX Volume$6.04m(42.68% of total)
Active Loans$4.11b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.92m
$56.15
Stablecoins$99.88
Own Tokens$26.91m
Others$2,435.69
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 Tracked258
Average Supply APY4.19%
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 $7.499b in total value locked. TVL has increased 13.7% 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 $26m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $222.82m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $1.97. Its circulating market capitalization is $1.291b, ranking it #71. Its fully diluted valuation is $1.97b. Supply currently stands at 655.39m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 0.9% over the past 7 days and up 12.5% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 52.8% 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 $39.74b across 464 protocols, and Morpho accounts for 18.8% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $4.11b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $26.92m. Its holdings include $99.88 in stablecoins, $56.15 in major assets, $26.91m in its own tokens, $2,435.69 in other assets.
