Ask about MorphoTotal Value Locked$7.566b
TVL by Chain
Ethereum$3.592b
Base$3.111b
Hyperliquid L1$240.4m
Robinhood Chain$229.83m
Monad$124.9m
Katana$69.88m
Flare$46.5m
Stable$35.43m
World Chain$25.52m
Arbitrum$24.45m
Sei$19.12m
Tempo$18.34m
Plume Mainnet$6.59m
Pharos$5.85m
Citrea$4.13m
Etherlink$3.65m
Polygon$3.36m
OP Mainnet$1.9m
Unichain$1.41m
Celo$852,768
TAC$528,840
XDC$478,307
Abstract$295,387
Kaia$212,201
Soneium$25,219
Scroll$10,628
Lisk$9,112
Hemi$1,655
MegaETH$468
Fraxtal$292
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)$222.69m
Fees 30d$25.82m
Ethereum$17.14m
Base$6.07m
Hyperliquid L1$1.86m
Robinhood Chain$236,191
Monad$221,339
Flare$101,655
Katana$56,715
Arbitrum$47,692
Stable$42,032
Plume Mainnet$19,837
OP Mainnet$12,272
Unichain$10,380
Polygon$4,808.5
Citrea$2,211
Etherlink$1,400.13
Abstract$590.89
World Chain$355.62
Pharos$276
Celo$91
Tempo$4.58
Corn$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.01m
Ethereum$1.81m
Base$1.48m
Hyperliquid L1$470,334
Robinhood Chain$120,399
Monad$76,108
Flare$20,102
Katana$11,364
Arbitrum$10,134
Plume Mainnet$4,424
Unichain$1,777
OP Mainnet$1,198
Polygon$658.5
Etherlink$405.13
Citrea$381
Pharos$276
Abstract$110.89
World Chain$42.62
Celo$8
Tempo$0.58
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$571,526.17
Ethereum$232,012
Base$222,489.17
Hyperliquid L1$79,471
Robinhood Chain$17,460
Monad$13,102
Flare$2,582
Arbitrum$1,637
Katana$1,540
Plume Mainnet$749
Unichain$228
OP Mainnet$168
Polygon$58.5
Abstract$24.89
Etherlink$2.13
World Chain$0.62
Tempo$0.58
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$330.52m
Ethereum$209.87m
Base$92.85m
Hyperliquid L1$15.57m
Arbitrum$4.63m
Katana$2.78m
Monad$1.44m
Polygon$1.27m
Unichain$1.05m
OP Mainnet$300,599
Robinhood Chain$254,178
Flare$204,839
Soneium$90,226
Stable$64,256
Plume Mainnet$59,167
Corn$40,518
World Chain$36,486.24
Citrea$5,086
Hemi$3,644
Abstract$2,498.78
Etherlink$1,471.26
Celo$676
Pharos$276
Tempo$5.18
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$16.24m
$301,825.06
$70,461
$9,894.6
$45.04m
Earnings (30d Run Rate)-$3.68m
-$301,825.06
-$70,461
-$9,894.6
-$45.04m
Collateral Liquidated 30d$4.16m
Collateral Liquidated 30d by chain
Ethereum$2.46m
Hyperliquid L1$1.68m
Base$14,653
Flare$5,827
Plume Mainnet$1,964
Abstract$976
Arbitrum$164
Katana$156
World Chain$17
Robinhood Chain$15
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$380,095
Ethereum$223,649
Hyperliquid L1$144,305
Base$11,105
Flare$666
Plume Mainnet$208
Arbitrum$142
Katana$11
Robinhood Chain$6
World Chain$2
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$5,796
Ethereum$3,416
Hyperliquid L1$1,995
Base$373
Plume Mainnet$12
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
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Cumulative Collateral Liquidated$43.14m
Ethereum$41.44m
Hyperliquid L1$1.68m
Base$15,025
Flare$5,827
Plume Mainnet$1,976
Abstract$976
Arbitrum$164
Katana$156
World Chain$17
Robinhood Chain$15
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
Market Cap$1.275b
$MORPHO Price$1.94
$1.945b
$1.94b
$MORPHO Volume 24h$71.75m
CEX Volume$63.18m
DEX Volume$17.01m(23.7% of total)
Active Loans$4.077b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.31m
$56.35
Stablecoins$99.91
Own Tokens$26.31m
Others$2,031.24
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 Tracked259
Average Supply APY4.03%
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 $7.566b in total value locked. TVL has increased 15.4% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 41 chains: Ethereum, Base, Hyperliquid L1, Robinhood Chain, and Monad and 36 others. Ethereum holds the largest share at 47.5%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $25.82m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $222.69m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $1.94. Its circulating market capitalization is $1.275b, ranking it #72. Its fully diluted valuation is $1.945b. Supply currently stands at 655.27m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 3.1% over the past 7 days and up 19.3% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 53.5% 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 $40.181b across 464 protocols, and Morpho accounts for 18.7% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $4.077b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $26.31m. Its holdings include $99.91 in stablecoins, $56.35 in major assets, $26.31m in its own tokens, $2,031.24 in other assets.
