Ask about MorphoTotal Value Locked$7.697b
TVL by Chain
Ethereum$3.654b
Base$3.158b
Robinhood Chain$246.47m
Hyperliquid L1$227.4m
Monad$147.51m
Katana$65.13m
Flare$45.45m
Stable$35.95m
World Chain$24.86m
Arbitrum$22.5m
Tempo$20.36m
Sei$18.56m
Pharos$6.72m
Plume Mainnet$6.61m
Citrea$4.11m
Etherlink$3.64m
Polygon$3.28m
OP Mainnet$1.79m
Unichain$1.14m
Celo$838,544
TAC$541,314
XDC$464,243
MegaETH$392,685
Abstract$287,071
Kaia$226,667
Soneium$24,104
Scroll$10,701
Lisk$9,388
Hemi$1,507
Fraxtal$296
BSC$96
Sonic$83
0G$31
Ink$13
Corn$0
Botanix$0
Gnosis$0
Linea$0
Zircuit$0
Mode$0
Bitlayer$0
Key Metrics
Fees (Annualized)$222.9m
Fees 30d$26.13m
Ethereum$17.16m
Base$6.17m
Hyperliquid L1$1.95m
Robinhood Chain$309,853
Monad$257,947
Flare$102,213
Katana$50,504
Arbitrum$47,215
Stable$37,885.85
Plume Mainnet$20,637
OP Mainnet$11,108
Unichain$9,393.15
Polygon$5,024.24
Citrea$2,188
Etherlink$1,166.13
Pharos$686.54
Abstract$586.4
World Chain$189.8
Celo$29
Tempo$6.28
Corn$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$3.92m
Ethereum$1.57m
Base$1.55m
Hyperliquid L1$484,504
Robinhood Chain$154,570
Monad$104,925
Flare$19,289
Katana$12,577
Arbitrum$10,662
Plume Mainnet$4,801
Unichain$1,352.15
Polygon$1,148.24
OP Mainnet$1,059
Citrea$634
Pharos$560.54
Etherlink$192.13
Stable$106.85
Abstract$92.4
World Chain$4.8
Tempo$3.28
Celo$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 24h$591,956.69
Base$234,641.69
Ethereum$215,389
Hyperliquid L1$95,312
Robinhood Chain$20,884
Monad$17,613
Flare$3,090
Arbitrum$2,168
Katana$1,419
Plume Mainnet$784
Citrea$253
Unichain$134
OP Mainnet$128
Pharos$89.54
Polygon$49.74
Tempo$1.11
World Chain$0.76
Abstract$0.01
Celo$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$332.25m
Ethereum$210.51m
Base$93.56m
Hyperliquid L1$15.78m
Arbitrum$4.64m
Katana$2.79m
Monad$1.5m
Polygon$1.27m
Unichain$1.05m
Robinhood Chain$330,397
OP Mainnet$301,040
Flare$213,955
Soneium$90,226
Stable$64,372.85
Plume Mainnet$61,539
Corn$40,518
World Chain$36,488.57
Citrea$5,639
Hemi$3,644
Abstract$2,542.79
Etherlink$1,513.13
Pharos$702.3
Celo$676
Tempo$8.48
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$16.01m
$319,564.91
$70,107.82
$20,266.24
$45.08m
Earnings (30d Run Rate)-$3.9m
-$319,564.91
-$70,107.82
-$20,266.24
-$45.08m
Collateral Liquidated 30d$4.35m
Collateral Liquidated 30d by chain
Ethereum$2.49m
Hyperliquid L1$1.74m
Base$102,554
Flare$9,176
Arbitrum$2,961
Plume Mainnet$2,007.46
Abstract$976
Katana$184.9
World Chain$18.11
Robinhood Chain$15.17
Polygon$1.08
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$443,368.35
Ethereum$177,152.35
Hyperliquid L1$160,172
Base$99,004
Flare$4,015
Arbitrum$2,797
Plume Mainnet$189.46
Katana$28.9
Robinhood Chain$6.17
World Chain$3.11
Polygon$0.08
Abstract$0
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$87,479
Hyperliquid L1$61,827
Base$17,301
Ethereum$5,756
Flare$2,561
Katana$26
Plume Mainnet$7.46
Polygon$0.08
Abstract$0
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$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$43.45m
Ethereum$41.46m
Hyperliquid L1$1.87m
Base$102,567
Flare$9,176
Arbitrum$2,961
Plume Mainnet$2,013.56
Abstract$976
Katana$251.9
World Chain$18.11
Robinhood Chain$15.17
Polygon$1.08
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$1.294b
$MORPHO Price$1.97
$1.974b
$1.97b
$MORPHO Volume 24h$12.49m
CEX Volume$9.45m
DEX Volume$5.78m(46.29% of total)
Active Loans$4.161b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.89m
$56.84
Stablecoins$99.86
Own Tokens$26.89m
Others$1,872.62
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 Tracked263
Average Supply APY4.1%
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 $7.697b in total value locked. TVL has increased 16.7% 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 47.5%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $26.13m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $222.9m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $1.97. Its circulating market capitalization is $1.294b, ranking it #72. Its fully diluted valuation is $1.974b. Supply currently stands at 655.45m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is up 0.6% over the past 7 days and up 9.7% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 52.8% 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 $40.36b across 464 protocols, and Morpho accounts for 19% of that total. Other leading protocols include Aave, Spark, and JustLend.
How much has been borrowed through Morpho?
Morpho currently has $4.161b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $26.89m. Its holdings include $99.86 in stablecoins, $56.84 in major assets, $26.89m in its own tokens, $1,872.62 in other assets.
