Ask about Morpho · freeTotal Value Locked$10.603b
TVL by Chain
Ethereum$4.698b
Base$4.264b
Robinhood Chain$592.72m
Arc$277.42m
Arbitrum$170.4m
Monad$162.76m
Hyperliquid L1$147.19m
Pharos$66.07m
Tempo$65.88m
Flare$44.92m
World Chain$34.07m
Stable$26.13m
Katana$25.89m
Citrea$8.44m
Etherlink$4.38m
OP Mainnet$3.76m
Polygon$3.02m
Morph$2.39m
Plume Mainnet$1.62m
Sei$1.23m
Unichain$1.01m
MegaETH$927,440
XDC$527,181
Celo$519,913
TAC$221,034
Kaia$107,975
Abstract$32,973
Soneium$25,879
Lisk$3,772
Avalanche$523
Sonic$103
RISE$92
BSC$82
0G$36
Ink$13
Gnosis$0
Linea$0
Fraxtal$0
Scroll$0
Mode$0
Corn$0
Hemi$0
Zircuit$0
Bitlayer$0
Botanix$0
Key Metrics
Fees 30d$23.69m
Fees 30d by chain
Ethereum$10.19m
Base$9.89m
Robinhood Chain$1.77m
Monad$622,685
Arc$382,869
Hyperliquid L1$347,460
Stable$135,141
Arbitrum$122,036
Flare$94,533
Pharos$50,313
Katana$43,106
Plume Mainnet$13,319
Polygon$7,534
OP Mainnet$5,248
Unichain$3,720
Abstract$2,903
Citrea$2,853
Tempo$526.56
World Chain$76.39
Celo$47.27
Hemi$0.01
Fraxtal$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$6.09m
Base$2.61m
Ethereum$2.6m
Robinhood Chain$413,103
Monad$154,032
Arc$138,891
Arbitrum$66,473
Hyperliquid L1$47,775
Flare$20,179
Pharos$12,770
Katana$9,835
Plume Mainnet$3,038
Polygon$1,654
OP Mainnet$1,163
Citrea$1,072
Unichain$713.01
Tempo$109.26
Celo$9.92
Abstract$0.13
World Chain$0.11
Hemi$0.01
Fraxtal$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$1.16m
Base$627,411
Ethereum$401,433
Robinhood Chain$58,073
Monad$26,735
Arc$21,068
Arbitrum$13,437
Hyperliquid L1$7,025
Flare$3,189
Katana$1,912
Pharos$1,059
Plume Mainnet$510
Polygon$233
OP Mainnet$166
Unichain$108
Tempo$16.56
Celo$0.69
Abstract$0.07
Hemi$0.01
World Chain$0.01
Citrea$0
Fraxtal$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$380.77m
Ethereum$226.42m
Base$118.54m
Hyperliquid L1$15.75m
Arbitrum$4.81m
Robinhood Chain$4.78m
Monad$3.13m
Katana$2.94m
Polygon$1.28m
Unichain$1.06m
Flare$512,498
Arc$390,290
Stable$386,420
OP Mainnet$317,292
Plume Mainnet$126,568
Pharos$107,522
Soneium$90,232
Corn$40,518
World Chain$36,266
Tempo$13,421
Abstract$12,428
Citrea$12,233
Hemi$3,640
Etherlink$3,354
Celo$713.99
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$9.7m
Incentives 30d$518,630
Incentives 7d$98,628
Incentives 24h$4,267
Cumulative Incentives$46.64m
Earnings (30d Run Rate)-$6.33m
Earnings 30d-$518,630
Earnings 7d-$98,628
Earnings 24h-$4,267
Cumulative Earnings-$46.64m
Collateral Liquidated 30d$10.35m
Collateral Liquidated 30d by chain
Base$7.71m
Hyperliquid L1$1.26m
Ethereum$712,020
Robinhood Chain$468,720
Abstract$69,502
Flare$49,900
World Chain$28,606
Arc$26,689
Polygon$14,176
Arbitrum$1,845
Plume Mainnet$1,009
Katana$239.88
Monad$9.18
Unichain$3.43
OP Mainnet$0.01
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$5.63m
Base$4.83m
Ethereum$483,725
Robinhood Chain$261,083
Arc$26,193
World Chain$13,360
Polygon$6,182
Flare$1,902
Hyperliquid L1$1,220
Arbitrum$1,006
Plume Mainnet$10.27
Katana$5.92
Monad$1.89
Unichain$1.59
Abstract$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
Zircuit$0
Collateral Liquidated 24h$4.67m
Base$4.41m
Ethereum$220,759
Arc$26,193
World Chain$9,284
Robinhood Chain$2,054
Flare$602
Arbitrum$30
Katana$5.92
Plume Mainnet$2.54
Unichain$1.59
Abstract$0
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Mode$0
Monad$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$97.07m
Ethereum$82.19m
Base$9.77m
Hyperliquid L1$3.84m
Robinhood Chain$957,434
Flare$134,324
Abstract$76,746
World Chain$29,066
Arc$26,689
Celo$22,905
Polygon$19,480
Arbitrum$4,913
Plume Mainnet$4,054
Katana$777.34
OP Mainnet$18.01
Monad$9.18
Morph$5.48
Unichain$3.43
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$1.412b
$MORPHO Price$2.01
Fully Diluted Valuation$2.008b
Outstanding FDV$2.01b
$MORPHO Volume 24h$43.85m
CEX Volume$27.43m
DEX Volume$22.8m(52% of total)
Active Loans$5.542b
Treasury$27.14m
Majors$67.32
Stablecoins$99.86
Own Tokens$27.14m
Others$1,760
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
Morpho bad debt or exploit in October 2026?
Quotes fetched just now.
Market details
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 Tracked254
Average Supply APY6.4%
User Activity
Active Addresses (24h)3,500
Transactions (24h)66,744
Competitors
Morpho history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 19, 2022 to Oct 30, 2026.
All-time high TVL: $11.482b on Oct 6, 2026. All-time low TVL: $25.13m on Sep 15, 2022.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 27, 2026 | $11.45b |
| Oct 28, 2026 | $11.402b |
| Oct 29, 2026 | $11.34b |
| Oct 30, 2026 | $10.602b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| 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 30, 2026 (latest) | $10.602b |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| 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
| Month | Fees | Revenue | Holders 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) | $24.62m | $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 30, 2026, Morpho has $10.603b in total value locked. TVL has decreased 3.8% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Arbitrum and 40 others. Ethereum holds the largest share at 44.3%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $23.69m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $205.81m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.08. Its circulating market capitalization is $1.459b, ranking it #79. Its fully diluted valuation is $2.075b. Supply currently stands at 703.21m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 12% over the past 7 days and down 22.2% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 50.1% 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 $49.178b across 517 protocols, and Morpho accounts for 21.5% of that total. Similar protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, LayerBank, Impermax V2, Tarot, and Compound V3.
How much has been borrowed through Morpho?
As of Oct 30, 2026, Morpho has $5.542b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $27.14m. Its holdings include $99.86 in stablecoins, $67.32 in major assets, $27.14m in its own tokens, $1,760 in other assets.