Overview
Morpho(MORPHO)
Token Price$1.98
24h Change+0.2%
All Time HighJan 17, 2025$4.17
All Time LowNov 24, 2024$0.71
Key Metrics
$1.297b
$1.977b
656.19m MORPHO
1b MORPHO
$1.98b
Volume 24h$13.15m
CEX Volume$6.27m
DEX Volume$7.46m
Token Liquidity$6.54m
Aerodrome Slipstream · Base$3.24m
Uniswap V3 · Ethereum$1.87m
Uniswap V3 · Base$1.34m
Aerodrome V1 · Base$91,302
Treasury$26.4m
$56.23
Stablecoins$99.91
Own Tokens$26.4m
Others$1,606.83
Total Raised$243m
Strategic · Jul 13, 2022$18m
Private · Feb 28, 2024Undisclosed
Strategic · Aug 1, 2024$50m
Jun 9, 2026$175m
Income Statement for Morpho

| 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 | $31.8M | $51.03M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $31.57M | $44.26M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $228.66K | $6.77M | $10.88M | $9.4M | $1.05M | $738.75K | $1.32M | $216.94K | $1.7M | $1.08M | $127.4K |
Cost of Revenue | $31.8M | $51.03M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.38M | $11.34M | $17.3M | $1.04M |
| Borrow Interest | $31.57M | $44.26M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.16M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $228.66K | $6.77M | $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 |
Earnings | $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 |
Risks
How much debt can be issued against MORPHO as collateral across lending protocols.
Maximum possible exposure to MORPHO
$339,965.78
$76,710.92 (max additional borrows against MORPHO) + $263,254.86 (bad debt if MORPHO was hacked now)
Morpho V1
$339,965.78 at-risk exposure = $263,254.86 bad debt if hacked + $76,710.92 additional borrowable against MORPHO
Methodology and limitations
Showing collateral exposure for MORPHO on onchain. Max Borrowableuses 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
Token Usage
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Liquidations
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Unlocks
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Yields
Tracking 1 pool, average APY 0.15%
Borrow
Showing 10 of 12 routes
