Ask about Morpho
Morpho(MORPHO)
Total Value Locked$11.021b
TVL by Chain
Ethereum$5.042b
Base$4.435b
Robinhood Chain$568.17m
Arc$299.1m
Monad$190.16m
Hyperliquid L1$174m
Pharos$68.2m
Flare$52.2m
World Chain$37.99m
Tempo$37.66m
Katana$33.24m
Stable$28.35m
Arbitrum$16.15m
Citrea$8.97m
Morph$7.83m
OP Mainnet$4.03m
Sei$3.92m
Etherlink$3.65m
Polygon$3.08m
Plume Mainnet$2.79m
Unichain$1.18m
MegaETH$973,349
Celo$611,828
XDC$519,114
TAC$468,061
Abstract$280,781
Kaia$258,770
Soneium$33,902
Lisk$9,632
Scroll$7,417
Hemi$1,928
Avalanche$701
Fraxtal$406
Sonic$103
RISE$98
BSC$83
0G$46
Ink$13
Corn$0
Botanix$0
Zircuit$0
Linea$0
Bitlayer$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$19.33m
Fees 30d by chain
Ethereum$8.72m
Base$7.62m
Robinhood Chain$1.57m
Monad$568,109
Hyperliquid L1$448,224
Flare$120,751
Katana$68,688
Stable$62,565
Arbitrum$38,613
Pharos$36,207
Plume Mainnet$24,967
Tempo$10,825
Unichain$6,630
Abstract$5,827
OP Mainnet$5,399
Arc$5,216
Polygon$5,145
Citrea$2,275
Etherlink$233.95
Celo$29.93
World Chain$28.79
Morph$0.38
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.91m
Ethereum$2.31m
Base$1.86m
Robinhood Chain$423,498
Monad$153,571
Hyperliquid L1$86,156
Flare$28,509
Katana$12,153
Pharos$8,334
Arbitrum$6,560
Arc$5,128
Plume Mainnet$3,897
Polygon$1,800
OP Mainnet$1,331
Unichain$1,289
Abstract$1,011
Citrea$905
Tempo$461.25
Etherlink$13
World Chain$7.56
Celo$4.45
Morph$0.38
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$764,774
Ethereum$371,403
Base$277,083
Robinhood Chain$71,745
Monad$24,263
Hyperliquid L1$10,723
Flare$2,878
Arc$1,705
Katana$1,500
Pharos$1,200
Arbitrum$669
Plume Mainnet$655
Unichain$297
Polygon$269
OP Mainnet$184
Abstract$159
Tempo$39.04
Celo$1.82
World Chain$0.61
Morph$0.38
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$357.07m
Ethereum$216.21m
Base$108.65m
Hyperliquid L1$15.41m
Arbitrum$4.69m
Robinhood Chain$3.01m
Katana$2.89m
Monad$2.5m
Polygon$1.28m
Unichain$1.06m
Flare$417,916
OP Mainnet$312,047
Stable$251,279
Plume Mainnet$113,234
Soneium$90,232
Pharos$57,209
Corn$40,518
World Chain$36,190
Tempo$12,895
Abstract$9,520
Citrea$9,380
Arc$7,618
Hemi$3,640
Etherlink$3,354
Celo$666.72
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
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
Arc$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
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
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
Arc$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
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$11.39m
$507,373
$138,704
$18,396
$46.07m
Earnings (30d Run Rate)-$6.19m
-$507,373
-$138,704
-$18,396
-$46.07m
Collateral Liquidated 30d$1.15m
Collateral Liquidated 30d by chain
Robinhood Chain$488,213
Base$458,682
Ethereum$105,814
Hyperliquid L1$46,268
Flare$40,027
Abstract$6,136
Plume Mainnet$742.40
Katana$271.71
World Chain$134.87
Arbitrum$62.36
Morph$5.48
Polygon$0.08
Arc$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 7d$514,371
Robinhood Chain$363,706
Base$105,804
Ethereum$26,623
Flare$15,730
Hyperliquid L1$2,399
Plume Mainnet$63.69
Abstract$15
Arbitrum$9.36
Katana$8.70
World Chain$8.59
Morph$5.48
Arc$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$165,468
Robinhood Chain$121,258
Base$42,933
Hyperliquid L1$1,114
Ethereum$120
Plume Mainnet$23
Flare$15
Morph$5.48
Abstract$0
Arbitrum$0
Arc$0
Celo$0
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$0
Zircuit$0
Cumulative Collateral Liquidated$86.73m
Ethereum$81.48m
Hyperliquid L1$2.57m
Base$2.06m
Robinhood Chain$488,621
Flare$84,424
Celo$22,905
Abstract$7,244
Polygon$5,304
Arbitrum$3,068
Plume Mainnet$3,045
Katana$537.46
World Chain$460.70
OP Mainnet$18
Morph$5.48
Pharos$1.39
Sonic$0.04
Arc$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.735b
$MORPHO Price$2.48
$2.48b
$2.48b
$MORPHO Volume 24h$37.68m
CEX Volume$25.41m
DEX Volume$14.34m(38.06% of total)
Active Loans$5.467b
Treasury$33.84m
$80.39
Stablecoins$99.97
Own Tokens$33.84m
Others$1,569
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 Tracked253
Average Supply APY4.71%
User Activity
Active Addresses (24h)3,440
Transactions (24h)54,147
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $11.021b in total value locked.
What chains does Morpho operate on?
Morpho operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Monad and 40 others. Ethereum holds the largest share at 45.8%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $19.33m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $205.35m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.48. Its circulating market capitalization is $1.735b, ranking it #75. Its fully diluted valuation is $2.48b. Supply currently stands at 699.64m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 4.6% over the past 7 days and down 0.9% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 40.5% 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 $54.454b across 520 protocols, and Morpho accounts for 20.1% of that total. Other leading protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, LayerBank, Tarot, Impermax V2, and Compound V3.
How much has been borrowed through Morpho?
Morpho currently has $5.467b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $33.84m. Its holdings include $99.97 in stablecoins, $80.39 in major assets, $33.84m in its own tokens, $1,569 in other assets.