Overview
Morpho(MORPHO)
Token Price$1.90-2.15%over 24h
All Time HighJan 17, 2025$4.17
All Time LowNov 24, 2024$0.71
Key Metrics
Market Cap$1.344b
Fully Diluted Valuation$1.905b
Circ. Supply705.46m MORPHO
Max Supply1b MORPHO
Outstanding FDV$1.901b
Volume 24h$28.75m
CEX$26.89m
Spot$8.79m
USD Perp$18.1m
COIN Perp$0
DEX$1.85m
Spot$0
USD Perp$1.85m
COIN Perp$0
Open Interest$27.87m
CEX$23.39m
USD Perp$23.39m
COIN Perp—
DEX$4.47m
USD Perp$4.47m
COIN Perp—
Treasury$26.33m
Majors$57.90
Stablecoins$99.90
Own Tokens$26.33m
Others$969.85
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 | $43.29M | $52.9M | $48.6M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $36.27M | $51.31M | $42.11M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $7.02M | $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 | $43.29M | $52.9M | $48.6M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $36.27M | $51.31M | $42.11M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $7.02M | $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
$563,155
$77,643 (max additional borrows against MORPHO) + $485,512 (bad debt if MORPHO was hacked now)
Morpho V1
$563,155 at-risk exposure = $485,512 bad debt if hacked + $77,643 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
Tracking 10 pools, average APY 231.65%
Borrow
Tracking 1 route