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Morpho(MORPHO)
Total Value Locked$11.417b
TVL by Chain
Ethereum$5.216b
Base$4.541b
Robinhood Chain$604.62m
Arc$317.4m
Monad$187.28m
Hyperliquid L1$165.72m
Pharos$69.16m
Morph$67.78m
Flare$51.82m
World Chain$42.09m
Tempo$40.08m
Katana$32.26m
Stable$28.12m
Arbitrum$23.82m
Citrea$8.95m
OP Mainnet$4.04m
Sei$3.92m
Etherlink$3.66m
Polygon$3.21m
Plume Mainnet$2.6m
Unichain$1.35m
MegaETH$968,319
Celo$571,693
XDC$547,794
TAC$349,545
Kaia$342,017
Abstract$81,809
Soneium$32,717
Lisk$9,511
Hemi$1,829
Avalanche$706
Fraxtal$407
Sonic$103
RISE$98
BSC$83
0G$44
Scroll$37
Ink$13
Corn$0
Botanix$0
Bitlayer$0
Linea$0
Zircuit$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$20.14m
Fees 30d by chain
Ethereum$9.26m
Base$7.86m
Robinhood Chain$1.66m
Monad$608,426
Hyperliquid L1$353,282
Flare$112,069
Stable$62,565
Katana$61,455
Arc$41,404
Pharos$41,052
Arbitrum$33,245
Plume Mainnet$20,553
Tempo$8,751
Abstract$7,360
Unichain$6,486
OP Mainnet$5,584
Polygon$5,468
Citrea$2,745
Etherlink$233.95
World Chain$95
Celo$50.66
Morph$0.38
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.86m
Ethereum$2.26m
Base$1.91m
Robinhood Chain$397,363
Monad$149,775
Hyperliquid L1$55,800
Arc$33,983
Flare$22,451
Katana$11,549
Pharos$9,682
Arbitrum$5,302
Plume Mainnet$2,266
Polygon$1,860
Abstract$1,522
OP Mainnet$1,283
Unichain$1,174
Citrea$900
Tempo$192.63
World Chain$71.05
Celo$20.26
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$634,064
Base$275,875
Ethereum$254,109
Robinhood Chain$55,861
Monad$22,678
Hyperliquid L1$8,537
Arc$6,990
Flare$2,955
Pharos$2,591
Katana$1,442
Abstract$882
Arbitrum$721
Citrea$470
Plume Mainnet$447
Polygon$251
OP Mainnet$130
Unichain$107
Tempo$12.68
Celo$4.34
World Chain$0.12
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$361.95m
Ethereum$218.49m
Base$110.56m
Hyperliquid L1$15.46m
Arbitrum$4.7m
Robinhood Chain$3.4m
Katana$2.9m
Monad$2.65m
Polygon$1.28m
Unichain$1.06m
Flare$440,416
OP Mainnet$313,327
Stable$251,279
Plume Mainnet$115,515
Soneium$90,232
Pharos$66,891
Arc$41,404
Corn$40,518
World Chain$36,261
Tempo$13,087
Abstract$11,047
Citrea$10,280
Hemi$3,640
Etherlink$3,354
Celo$686.98
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
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
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
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
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$11.02m
$512,766
$121,231
$1,782
$46.21m
Earnings (30d Run Rate)-$6.26m
-$512,766
-$121,231
-$1,782
-$46.21m
Collateral Liquidated 30d$1m
Collateral Liquidated 30d by chain
Robinhood Chain$650,358
Base$130,248
Ethereum$99,531
Flare$63,859
Hyperliquid L1$39,193
Abstract$11,510
Polygon$5,994
World Chain$2,222
Plume Mainnet$629.35
Katana$114.79
Arbitrum$61.36
Morph$5.48
Monad$0.40
Arc$0
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
Unichain$0
Zircuit$0
Collateral Liquidated 7d$241,709
Robinhood Chain$176,332
Flare$36,767
Hyperliquid L1$7,800
Polygon$5,994
Abstract$5,374
Base$4,404
Ethereum$2,270
World Chain$2,096
Plume Mainnet$554.54
Katana$106.09
Arbitrum$11
Monad$0.40
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$7,302
Abstract$5,099
Flare$2,051
Ethereum$60.68
Plume Mainnet$32
World Chain$19
Robinhood Chain$18
Base$14
Katana$7.81
Monad$0.40
Arbitrum$0
Arc$0
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
Zircuit$0
Cumulative Collateral Liquidated$86.97m
Ethereum$81.48m
Hyperliquid L1$2.58m
Base$2.06m
Robinhood Chain$665,046
Flare$121,191
Celo$22,905
Abstract$12,618
Polygon$11,298
Plume Mainnet$3,600
Arbitrum$3,079
World Chain$2,557
Katana$643.55
OP Mainnet$18
Morph$5.48
Pharos$1.39
Monad$0.40
Sonic$0.04
Arc$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Unichain$0
Zircuit$0
Market Cap$1.802b
$MORPHO Price$2.57
$2.574b
$2.57b
$MORPHO Volume 24h$20.77m
CEX Volume$12.96m
DEX Volume$9.83m(47.35% of total)
Active Loans$5.616b
Treasury$36.48m
$80.85
Stablecoins$100
Own Tokens$36.48m
Others$1,427
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 Tracked256
Average Supply APY4.66%
User Activity
Active Addresses (24h)3,431
Transactions (24h)66,360
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $11.417b in total value locked. TVL has increased 15.7% 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 45.7%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $20.14m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $205.54m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.57. Its circulating market capitalization is $1.802b, ranking it #74. Its fully diluted valuation is $2.574b. Supply currently stands at 700.18m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is up 5.9% over the past 7 days and up 1.9% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 38.4% 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 $55.337b across 522 protocols, and Morpho accounts for 20.6% of that total. Other leading 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?
Morpho currently has $5.616b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $36.48m. Its holdings include $100 in stablecoins, $80.85 in major assets, $36.48m in its own tokens, $1,427 in other assets.