Total Value Locked$9.713b
TVL by Chain
Ethereum$4.35b
Base$4.015b
Robinhood Chain$510.19m
Hyperliquid L1$290.79m
Monad$172.43m
Morph$72.73m
Flare$56.54m
Katana$48.68m
Tempo$44.57m
World Chain$34.12m
Stable$32.82m
Pharos$27.23m
Arbitrum$22.31m
Sei$8.11m
Plume Mainnet$6.26m
Citrea$4.91m
Polygon$3.95m
Etherlink$3.64m
OP Mainnet$3.38m
Unichain$1.35m
MegaETH$988,382
Celo$823,523
XDC$485,444
TAC$480,918
Kaia$261,430
Abstract$245,971
Soneium$29,925
Lisk$12,001
Hemi$2,359
Fraxtal$376
BSC$85
Sonic$83
Scroll$37
0G$35
Ink$13
Corn$0
Botanix$0
Zircuit$0
Linea$0
Bitlayer$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$18.47m
Fees 30d by chain
Ethereum$8.65m
Base$7.16m
Robinhood Chain$1.2m
Hyperliquid L1$585,691
Monad$490,222
Stable$116,694.09
Flare$91,472
Katana$55,851
Arbitrum$40,629
Plume Mainnet$26,710
Pharos$25,081
OP Mainnet$5,151
Polygon$5,121.52
Tempo$4,694.58
Unichain$4,315.84
Abstract$3,898.65
Citrea$1,589.84
Etherlink$612.98
World Chain$36.86
Celo$18.6
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.25m
Ethereum$1.88m
Base$1.71m
Robinhood Chain$328,594
Hyperliquid L1$134,437
Monad$113,266
Flare$30,797
Katana$18,934
Arbitrum$9,321
Pharos$6,890
Plume Mainnet$6,505
Abstract$2,966.48
Tempo$2,229
Unichain$1,713.64
Polygon$1,411.75
OP Mainnet$1,038
Citrea$430
World Chain$9.3
Celo$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$650,379
Ethereum$314,140
Base$237,639
Robinhood Chain$52,175
Monad$16,913
Hyperliquid L1$13,977
Pharos$3,786
Flare$3,683
Abstract$2,934
Katana$2,170
Arbitrum$1,213
Plume Mainnet$819
Tempo$395
Unichain$265
OP Mainnet$159
Polygon$106
World Chain$5.48
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$343.08m
Ethereum$209.83m
Base$103.18m
Hyperliquid L1$15.14m
Arbitrum$4.67m
Katana$2.85m
Monad$2.08m
Robinhood Chain$1.85m
Polygon$1.27m
Unichain$1.05m
Flare$339,277
OP Mainnet$308,087
Stable$188,714.44
Plume Mainnet$96,450
Soneium$90,232.01
Corn$40,518
World Chain$36,172.7
Pharos$30,846.45
Abstract$9,562.51
Citrea$7,720.2
Tempo$5,148.43
Hemi$3,640
Etherlink$3,119.8
Celo$636.32
Fraxtal$1
Ink$0
Mode$0
Morph$0
Scroll$0
Sonic$0
Zircuit$0
Revenue 30d$0
Revenue 30d by chain
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
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
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 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
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
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
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
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 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
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
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$12.69m
$625,276.45
$115,159.77
$13,779.35
$45.71m
Earnings (30d Run Rate)-$7.63m
-$625,276.45
-$115,159.77
-$13,779.35
-$45.71m
Collateral Liquidated 30d$40.19m
Collateral Liquidated 30d by chain
Ethereum$37.79m
Base$1.67m
Hyperliquid L1$663,725.15
Robinhood Chain$33,787.11
Celo$22,793
Flare$19,162
Plume Mainnet$810.72
World Chain$407.95
Katana$266.49
Polygon$72.18
Arbitrum$31.62
Pharos$1.39
Sonic$0.04
Abstract$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$351,190.94
Base$294,902.11
Robinhood Chain$33,758
Flare$12,538
Hyperliquid L1$6,413
Ethereum$2,617.94
Plume Mainnet$672.33
Katana$162.01
World Chain$115.94
Arbitrum$12
Abstract$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$21,250.94
Robinhood Chain$19,128
Ethereum$1,202.94
Hyperliquid L1$781
World Chain$107
Flare$29
Base$3.11
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Collateral Liquidated$86.07m
Ethereum$81.4m
Hyperliquid L1$2.54m
Base$1.93m
Robinhood Chain$92,334.04
Flare$66,964
Celo$22,905
Polygon$5,303.84
Arbitrum$3,018.28
Plume Mainnet$2,970.2
Abstract$1,107.82
Katana$528.76
World Chain$450.16
OP Mainnet$18
Pharos$1.39
Sonic$0.04
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.639b
$MORPHO Price$2.38
$2.38b
$2.38b
$MORPHO Volume 24h$33.88m
CEX Volume$15.31m
DEX Volume$20.03m(59.14% of total)
Active Loans$4.896b
Treasury$32.41m
$74.43
Stablecoins$99.98
Own Tokens$32.41m
Others$1,326.33
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 Tracked242
Average Supply APY4.37%
User Activity
Active Addresses (24h)3,452
Transactions (24h)50,634
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $9.713b in total value locked. TVL has increased 21.7% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 42 chains: Ethereum, Base, Robinhood Chain, Hyperliquid L1, and Monad and 37 others. Ethereum holds the largest share at 44.8%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $18.47m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $207.91m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.38. Its circulating market capitalization is $1.639b, ranking it #69. Its fully diluted valuation is $2.38b. Supply currently stands at 688.8m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 5.5% over the past 7 days and up 23.7% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 42.9% 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 $50.267b across 516 protocols, and Morpho accounts for 19.3% of that total. Other leading protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, Compound V3, LayerBank, Teller, and Tarot.
How much has been borrowed through Morpho?
Morpho currently has $4.896b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $32.41m. Its holdings include $99.98 in stablecoins, $74.43 in major assets, $32.41m in its own tokens, $1,326.33 in other assets.