Ask about MorphoTotal Value Locked$7.795b
TVL by Chain
Ethereum$3.698b
Base$3.191b
Robinhood Chain$256.87m
Hyperliquid L1$233.47m
Monad$150.31m
Katana$64.52m
Flare$46.29m
Stable$35.61m
World Chain$25.08m
Arbitrum$23.15m
Tempo$20.64m
Sei$18.61m
Pharos$6.75m
Plume Mainnet$6.61m
Citrea$4.14m
Etherlink$3.64m
Polygon$3.27m
OP Mainnet$1.82m
Unichain$1.14m
Celo$807,893
MegaETH$596,138
TAC$529,110
XDC$453,917
Abstract$283,334
Kaia$233,581
Soneium$24,389
Scroll$10,857
Lisk$9,372
Hemi$1,518
Fraxtal$297
BSC$96
Sonic$83
0G$31
Ink$13
Corn$0
Botanix$0
Linea$0
Mode$0
Bitlayer$0
Gnosis$0
Zircuit$0
Key Metrics
Fees (Annualized)$223.06m
Fees 30d$25.51m
Ethereum$16.4m
Base$6.25m
Hyperliquid L1$1.96m
Robinhood Chain$351,383
Monad$277,717
Flare$101,397
Katana$52,026
Arbitrum$45,226
Stable$28,015.34
Plume Mainnet$20,130
OP Mainnet$10,298
Unichain$8,992.63
Polygon$5,146.24
Citrea$2,235.45
Pharos$1,205.54
Etherlink$1,187.13
Abstract$606.42
World Chain$175.23
Celo$29
Tempo$8.84
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$3.99m
Ethereum$1.63m
Base$1.59m
Hyperliquid L1$438,294
Robinhood Chain$159,167
Monad$115,105
Flare$19,509
Katana$13,474
Arbitrum$10,818
Plume Mainnet$5,159
Polygon$1,413.24
OP Mainnet$1,191
Unichain$1,099.63
Pharos$929.54
Citrea$409.45
Stable$118.34
Abstract$113.42
Etherlink$49.13
Tempo$5.84
World Chain$5.23
Celo$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 24h$575,070.59
Ethereum$292,090
Base$220,521.59
Robinhood Chain$20,703
Hyperliquid L1$19,727
Monad$14,434
Flare$2,404
Katana$1,886
Arbitrum$1,641
Plume Mainnet$854
Pharos$355
Polygon$234
OP Mainnet$201
Unichain$9.35
Abstract$7.97
Stable$1.49
Tempo$1.41
World Chain$0.69
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Cumulative Fees$332.82m
Ethereum$210.82m
Base$93.78m
Hyperliquid L1$15.79m
Arbitrum$4.64m
Katana$2.79m
Monad$1.51m
Polygon$1.27m
Unichain$1.05m
Robinhood Chain$351,383
OP Mainnet$301,264
Flare$216,139
Soneium$90,226
Stable$64,374.34
Plume Mainnet$62,327
Corn$40,518
World Chain$36,489.23
Citrea$5,386.45
Hemi$3,644
Abstract$2,562.42
Etherlink$1,513.13
Pharos$1,205.54
Celo$676
Tempo$9.84
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
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
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$15.85m
$307,203.85
$60,480.97
$10,140.41
$45.09m
Earnings (30d Run Rate)-$3.75m
-$307,203.85
-$60,480.97
-$10,140.41
-$45.09m
Collateral Liquidated 30d$6.17m
Collateral Liquidated 30d by chain
Ethereum$4.17m
Hyperliquid L1$1.88m
Base$102,604
Flare$9,176
Polygon$3,469.08
Arbitrum$2,961
Plume Mainnet$2,022.06
Abstract$1,098
Katana$253.9
World Chain$18.11
Robinhood Chain$15.76
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$2.03m
Ethereum$1.71m
Hyperliquid L1$216,808
Base$90,667
Polygon$3,468.08
Flare$3,349
Arbitrum$2,797
Abstract$122
Plume Mainnet$117.06
Katana$97.9
Robinhood Chain$6.76
World Chain$1.11
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 24h$1.74m
Ethereum$1.68m
Hyperliquid L1$58,794
Polygon$3,468
Base$23
Plume Mainnet$6.27
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
OP Mainnet$0
Pharos$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Cumulative Collateral Liquidated$45.14m
Ethereum$43.14m
Hyperliquid L1$1.88m
Base$102,604
Flare$9,176
Polygon$3,469.08
Arbitrum$2,961
Plume Mainnet$2,022.06
Abstract$1,098
Katana$253.9
World Chain$18.11
Robinhood Chain$15.76
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$1.318b
$MORPHO Price$2.01
$2.01b
$2.01b
$MORPHO Volume 24h$10.9m
CEX Volume$7.77m
DEX Volume$4.94m(45.31% of total)
Active Loans$4.181b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$27.26m
$57.39
Stablecoins$99.9
Own Tokens$27.26m
Others$1,934.18
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 Tracked232
Average Supply APY4.12%
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 $7.795b in total value locked. TVL has increased 17.6% 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 47.4%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $25.51m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $223.06m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.01. Its circulating market capitalization is $1.318b, ranking it #70. Its fully diluted valuation is $2.01b. Supply currently stands at 655.52m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is up 3.2% over the past 7 days and up 6% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 51.8% 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 $40.661b across 466 protocols, and Morpho accounts for 19.1% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $4.181b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $27.26m. Its holdings include $99.9 in stablecoins, $57.39 in major assets, $27.26m in its own tokens, $1,934.18 in other assets.
