Total Value Locked$9.822b
TVL by Chain
Ethereum$4.383b
Base$4.03b
Robinhood Chain$518.63m
Hyperliquid L1$339.21m
Monad$179.01m
Morph$73.36m
Flare$55.83m
Katana$49.38m
Tempo$44.74m
World Chain$31.76m
Stable$30.18m
Pharos$27.95m
Arbitrum$23.04m
Sei$9.02m
Plume Mainnet$6.29m
Citrea$4.98m
Polygon$3.83m
Etherlink$3.66m
OP Mainnet$2.9m
Unichain$1.35m
MegaETH$987,788
Celo$835,850
TAC$514,883
XDC$475,832
Abstract$275,024
Kaia$265,870
Soneium$29,039
Lisk$14,360
Hemi$3,225
Fraxtal$378
BSC$86
Sonic$83
Scroll$37
0G$35
Ink$13
Corn$0
Botanix$0
Linea$0
Zircuit$0
Bitlayer$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$18.34m
Fees 30d by chain
Ethereum$8.55m
Base$7.18m
Robinhood Chain$1.16m
Hyperliquid L1$589,973
Monad$488,537
Stable$116,694.09
Flare$87,968
Katana$53,869
Arbitrum$40,430
Plume Mainnet$26,720
Pharos$21,983.09
Polygon$5,382.32
OP Mainnet$5,161
Tempo$3,939.32
Unichain$3,694.84
Citrea$1,589.84
Abstract$987.68
Etherlink$612.98
World Chain$31.48
Celo$18.6
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.22m
Ethereum$1.85m
Base$1.71m
Robinhood Chain$321,575
Hyperliquid L1$143,460
Monad$113,893
Flare$28,593
Katana$17,169
Arbitrum$10,360
Pharos$7,727
Plume Mainnet$6,690
Tempo$1,935
Polygon$1,651
OP Mainnet$1,121
Unichain$971.64
Citrea$430
Abstract$40.49
World Chain$3.92
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$610,458.82
Ethereum$274,494
Base$235,496.82
Robinhood Chain$46,463
Hyperliquid L1$23,310
Monad$17,199
Flare$5,890
Katana$3,174
Plume Mainnet$1,980
Arbitrum$1,198
Tempo$348
Unichain$335
Polygon$283
Citrea$158
OP Mainnet$126
Abstract$4.39
World Chain$0.35
Celo$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Pharos$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$341.83m
Ethereum$209.25m
Base$102.7m
Hyperliquid L1$15.11m
Arbitrum$4.66m
Katana$2.84m
Monad$2.05m
Robinhood Chain$1.75m
Polygon$1.27m
Unichain$1.05m
Flare$328,986
OP Mainnet$307,724
Stable$188,714.44
Plume Mainnet$96,095
Soneium$90,232.01
Corn$40,518
World Chain$36,165.35
Pharos$25,839.45
Citrea$7,693.2
Tempo$4,315.43
Abstract$3,685.18
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$12.75m
$615,245.63
$109,477.59
$8,787.81
$45.69m
Earnings (30d Run Rate)-$7.51m
-$615,245.63
-$109,477.59
-$8,787.81
-$45.69m
Collateral Liquidated 30d$40.51m
Collateral Liquidated 30d by chain
Ethereum$38.04m
Base$1.73m
Hyperliquid L1$659,186.17
Flare$45,899
Celo$22,793
Robinhood Chain$14,467.37
Plume Mainnet$810.71
World Chain$297.24
Katana$109.51
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$395,111.36
Base$340,141
Robinhood Chain$14,438
Ethereum$14,298.36
Hyperliquid L1$12,948
Flare$12,498
Plume Mainnet$665.34
Katana$106.01
Arbitrum$12
World Chain$5
Polygon$0.08
Abstract$0
Celo$0
Citrea$0
Etherlink$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$2,504
Hyperliquid L1$1,874
Ethereum$593
Base$18
Flare$11
Katana$5.01
Plume Mainnet$3.46
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$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$85.96m
Ethereum$81.38m
Hyperliquid L1$2.54m
Base$1.93m
Flare$56,891
Celo$22,905
Robinhood Chain$14,496.04
Polygon$5,303.84
Arbitrum$3,018.04
Plume Mainnet$2,963.21
Abstract$1,107.82
Katana$371.76
World Chain$330.69
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$1.757b
$MORPHO Price$2.55
$2.551b
$2.55b
$MORPHO Volume 24h$38.79m
CEX Volume$17.85m
DEX Volume$21.79m(56.17% of total)
Active Loans$4.867b
Treasury$33.79m
$74.37
Stablecoins$100.01
Own Tokens$33.79m
Others$1,328.7
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 Tracked244
Average Supply APY4.21%
User Activity
Active Addresses (24h)3,022
Transactions (24h)47,723
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $9.822b in total value locked. TVL has increased 24.8% 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 44.6%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $18.34m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $208.22m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.55. Its circulating market capitalization is $1.757b, ranking it #66. Its fully diluted valuation is $2.551b. Supply currently stands at 688.71m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 1.9% over the past 7 days and up 34.6% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 38.8% 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 $50.469b across 515 protocols, and Morpho accounts for 19.4% 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 $4.867b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $33.79m. Its holdings include $100.01 in stablecoins, $74.37 in major assets, $33.79m in its own tokens, $1,328.7 in other assets.
