Ask about Morpho · freeTotal Value Locked$11.635b
TVL by Chain
Ethereum$5.322b
Base$4.571b
Robinhood Chain$593.89m
Arc$313.04m
Arbitrum$183.75m
Monad$169.55m
Hyperliquid L1$136.27m
Pharos$114.34m
Tempo$67.57m
Flare$46.89m
World Chain$36.51m
Stable$26.07m
Katana$24.66m
Citrea$8.78m
Etherlink$4.38m
OP Mainnet$3.92m
Polygon$3.25m
Morph$2.79m
Sei$2.27m
Plume Mainnet$1.47m
MegaETH$928,982
Unichain$891,267
Celo$589,326
XDC$535,567
TAC$222,094
Kaia$108,675
Abstract$33,928
Soneium$25,119
Avalanche$539
Sonic$103
RISE$95
BSC$82
0G$35
Ink$13
Lisk$0
Gnosis$0
Linea$0
Fraxtal$0
Scroll$0
Mode$0
Corn$0
Hemi$0
Zircuit$0
Bitlayer$0
Botanix$0
Key Metrics
Fees 30d$25.75m
Fees 30d by chain
Base$11.11m
Ethereum$10.84m
Robinhood Chain$1.81m
Monad$653,511
Arc$435,801
Hyperliquid L1$357,714
Arbitrum$185,258
Stable$135,141
Flare$93,351
Pharos$60,595
Katana$39,836
Plume Mainnet$14,766
Polygon$8,545
OP Mainnet$5,645
Unichain$3,245
Citrea$3,067
Abstract$2,263
Tempo$352.98
Celo$35.09
World Chain$5.57
Hemi$0.01
Fraxtal$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$7.11m
Base$3.48m
Ethereum$2.7m
Robinhood Chain$437,350
Monad$184,658
Arc$100,993
Arbitrum$81,240
Hyperliquid L1$64,542
Flare$21,503
Pharos$18,432
Katana$8,749
Plume Mainnet$3,776
Polygon$2,853
OP Mainnet$1,716
Unichain$699.31
Citrea$644
Tempo$22.93
Celo$4.43
Abstract$0.13
World Chain$0.12
Hemi$0.01
Fraxtal$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$950,165
Base$474,814
Ethereum$342,762
Robinhood Chain$57,920
Monad$27,414
Hyperliquid L1$15,216
Arbitrum$12,614
Arc$11,004
Pharos$3,390
Flare$2,997
Katana$848
Polygon$517
Plume Mainnet$344
OP Mainnet$228
Unichain$96.15
Tempo$0.62
Abstract$0.06
World Chain$0.03
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$387.07m
Ethereum$229.07m
Base$121.4m
Hyperliquid L1$15.81m
Robinhood Chain$5.16m
Arbitrum$4.88m
Monad$3.29m
Katana$2.94m
Polygon$1.29m
Unichain$1.06m
Flare$530,812
Arc$470,215
Stable$386,420
OP Mainnet$318,842
Plume Mainnet$129,834
Pharos$124,895
Soneium$90,232
Corn$40,518
World Chain$36,266
Tempo$13,427
Citrea$12,877
Abstract$12,428
Hemi$3,640
Etherlink$3,354
Celo$717.73
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$9.4m
Incentives 30d$492,771
Incentives 7d$97,858
Incentives 24h$2,443
Cumulative Incentives$46.73m
Earnings (30d Run Rate)-$6.01m
Earnings 30d-$492,771
Earnings 7d-$97,858
Earnings 24h-$2,443
Cumulative Earnings-$46.73m
Collateral Liquidated 30d$20.85m
Collateral Liquidated 30d by chain
Base$16.82m
Ethereum$2.19m
Hyperliquid L1$1.32m
Robinhood Chain$317,078
Abstract$69,227
World Chain$59,357
Arc$26,768
Flare$21,968
Monad$10,894
Polygon$8,182
Arbitrum$2,682
Katana$1,206
Plume Mainnet$527.30
Unichain$3.43
Pharos$0.12
OP Mainnet$0.01
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$15.41m
Base$13.53m
Ethereum$1.7m
Hyperliquid L1$68,897
World Chain$42,112
Robinhood Chain$26,726
Arc$26,272
Monad$10,885
Flare$7,386
Katana$1,070
Arbitrum$878.09
Plume Mainnet$43.13
Unichain$1.59
Pharos$0.12
Abstract$0
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$3.92m
Base$3.04m
Ethereum$815,430
Hyperliquid L1$68,467
World Chain$967
Arbitrum$777
Robinhood Chain$105
Plume Mainnet$16
Abstract$0
Arc$0
Celo$0
Citrea$0
Flare$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
Monad$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$107.81m
Ethereum$83.67m
Base$18.88m
Hyperliquid L1$3.9m
Robinhood Chain$982,106
Flare$141,108
Abstract$76,746
World Chain$61,895
Arc$26,768
Celo$22,905
Polygon$19,480
Monad$10,894
Arbitrum$5,761
Plume Mainnet$4,095
Katana$1,841
OP Mainnet$18.01
Morph$5.48
Unichain$3.43
Pharos$1.51
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$1.582b
$MORPHO Price$2.25
Fully Diluted Valuation$2.248b
Outstanding FDV$2.25b
$MORPHO Volume 24h$23.75m
CEX Volume$13.54m
DEX Volume$11.06m(46.57% of total)
Active Loans$5.79b
Treasury$30.67m
Majors$72.74
Stablecoins$99.90
Own Tokens$30.66m
Others$1,141
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 November 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 Tracked255
Average Supply APY5.25%
User Activity
Active Addresses (24h)3,425
Transactions (24h)63,839
Competitors
Morpho history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 19, 2022 to Nov 5, 2026.
All-time high TVL: $11.642b on Nov 5, 2026. All-time low TVL: $25.13m on Sep 15, 2022.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 31, 2026 | $11.049b |
| Nov 1, 2026 | $11.139b |
| Nov 2, 2026 | $11.281b |
| Nov 3, 2026 | $11.092b |
| Nov 4, 2026 | $11.226b |
| Nov 5, 2026 | $11.642b |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $11.049b |
| Nov 5, 2026 (latest) | $11.642b |
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, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| 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 | $25.82m | $0 | $0 |
| Nov 2026 (to date) | $4.39m | $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 Nov 5, 2026, Morpho has $11.635b in total value locked. TVL has increased 1.3% 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 45.7%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $25.75m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $206.59m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.26. Its circulating market capitalization is $1.589b, ranking it #73. Its fully diluted valuation is $2.259b. Supply currently stands at 703.55m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is up 2.3% over the past 7 days and down 19.7% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 45.8% 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 $52.494b across 520 protocols, and Morpho accounts for 22.1% 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 Nov 5, 2026, Morpho has $5.79b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $30.67m. Its holdings include $99.90 in stablecoins, $72.74 in major assets, $30.66m in its own tokens, $1,141 in other assets.