Overview
Morpho(MORPHO)
Token Price$2.30-5.88%over 24h
All Time HighJan 17, 2025$4.17
All Time LowNov 24, 2024$0.71
Key Metrics
Market Cap$1.613b
Fully Diluted Valuation$2.303b
Circ. Supply700.5m MORPHO
Max Supply1b MORPHO
Outstanding FDV$2.3b
Volume 24h$54.19m
CEX$48.2m
Spot$13.07m
USD Perp$35.12m
COIN Perp$0
DEX$5.99m
Spot$0
USD Perp$5.99m
COIN Perp$0
Open Interest$34.01m
CEX$29.45m
USD Perp$29.45m
COIN PerpN/A
DEX$4.55m
USD Perp$4.55m
COIN PerpN/A
Treasury$31.79m
Majors$73.77
Stablecoins$99.91
Own Tokens$31.79m
Others$1,501
Total Raised$243m
Strategic · Jul 13, 2022$18m
Private · Feb 28, 2024Undisclosed
Strategic · Aug 1, 2024$50m
Jun 9, 2026$175m
Token information
Income statement for MORPHO
Include incomes from Morpho
| Q4 2026* | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $9.1M | $52.9M | $48.6M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $8.64M | $51.31M | $42.11M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $462.19K | $1.59M | $6.49M | $10.88M | $9.4M | $1.05M | $738.75K | $1.32M | $216.94K | $1.7M | $1.08M | $127.4K |
Cost of Revenue | $9.1M | $52.9M | $48.6M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $8.64M | $51.31M | $42.11M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $462.19K | $1.59M | $6.49M | $10.88M | $9.4M | $1.05M | $738.75K | $1.32M | $216.94K | $1.7M | $1.08M | $127.4K |
Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Risks
How much debt can be issued against MORPHO as collateral across lending protocols.
Maximum possible exposure to MORPHO
$578,291
$23,527 (max additional borrows against MORPHO) + $554,764 (bad debt if MORPHO was hacked now)
Morpho V1
$578,291 at-risk exposure = $554,764 bad debt if hacked + $23,527 additional borrowable against MORPHO
Methodology and limitations
Showing collateral exposure for MORPHO on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for MORPHO as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Markets
Token rights and value accrual
Morpho
MORPHOToken Usage
Token usage needs a subscription
Liquidations
Token liquidations need a subscription
Unlocks
Token unlocks need a subscription
Yields
Showing 10 of 15 pools
Borrow
Tracking 1 route