Overview
Morpho(MORPHO)
Token Price$2.03
24h Change-4.25%
All Time HighJan 17, 2025$4.17
All Time LowNov 25, 2024$0.71
Key Metrics
Market Cap$1.328b
Fully Diluted Valuation$2.029b
Circ. Supply654.69m MORPHO
Max Supply1b MORPHO
Outstanding FDV$2.03b
Volume 24h$22.41m
CEX Volume$17.14m
DEX Volume$7.77m
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$28.08m
Majors$55.44
Stablecoins$99.92
Own Tokens$28.08m
Others$2,316
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 | $17.50M | $51.03M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.37M | $11.33M | $17.29M | $1.03M |
| Borrow Interest | $17.39M | $44.26M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.15M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $110.26K | $6.76M | $10.88M | $9.40M | $1.05M | $738.74K | $1.31M | $216.93K | $1.69M | $1.08M | $127.40K |
Cost of Revenue | $17.50M | $51.03M | $44.72M | $59.33M | $54.02M | $20.09M | $28.06M | $20.37M | $11.33M | $17.29M | $1.03M |
| Borrow Interest | $17.39M | $44.26M | $33.84M | $49.93M | $52.97M | $19.35M | $26.74M | $20.15M | $9.64M | $16.21M | $911.66K |
| Liquidation Fees | $110.26K | $6.76M | $10.88M | $9.40M | $1.05M | $738.74K | $1.31M | $216.93K | $1.69M | $1.08M | $127.40K |
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
$347,472
$34,889 (max additional borrows against MORPHO) + $312,583 (bad debt if MORPHO was hacked now)
Morpho V1
$347,472 at-risk exposure = $312,583 bad debt if hacked + $34,889 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.
Protocol | Chain | |||
|---|---|---|---|---|
MORPHO0x58d97b57bb95320f9a05dc918aef65434969c2b2 | $34,889 | $312,583 | ||
MORPHO0xbaa5cc21fd487b8fcc2f632f3f4e8d37262a0842 | $0.002 | $0 |
Markets
Token Rights and Value Accrual
Morpho
Token Usage
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Liquidations
An is required to view token liquidations.
Unlocks
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Yields
Tracking 1 pool, average APY 0.18%
Pool | Reference | Protocol | Chain | 30d Trend | ||||
|---|---|---|---|---|---|---|---|---|
| 1mMORPHOMoonwell MORPHO | MORPHO | $11.49m | 0.18%0.01%+0.16% | Stable92 | 392 |
Borrow
Showing 10 of 11 routes
Collateral / Borrow | Protocol | Chain | |||||
|---|---|---|---|---|---|---|---|
| 1MORPHO / tBTC | +1.19% | 0.18%0.01%+0.16% | -1.02%0.63%-1.64% | $50,907 | 65% | ||
| 2MORPHO / LBTC | +1.11% | 0.18%0.01%+0.16% | -0.93%0.65%-1.58% | $258,958 | 65% | ||
| 3MORPHO / cbBTC | +0.39% | 0.18%0.01%+0.16% | -0.22%0.93%-1.15% | $3.99m | 65% | ||
| 4MORPHO / rETH | +0.09% | 0.18%0.01%+0.16% | 0.08% | $409,462 | 65% | ||
| 5MORPHO / wstETH | -0.52% | 0.18%0.01%+0.16% | 0.69% | $860,933 | 65% | ||
| 6MORPHO / WETH | -0.85% | 0.18%0.01%+0.16% | 1.03%1.22%-0.19% | $1.07m | 65% | ||
| 7MORPHO / WELL | -1.44% | 0.18%0.01%+0.16% | 1.62%3.02%-1.40% | $36,447 | 65% | ||
| 8MORPHO / AERO | -3.80% | 0.18%0.01%+0.16% | 3.98%4.95%-0.98% | $1.37m | 65% | ||
| 9MORPHO / USDC | -5.00% | 0.00% | 5.00% | $34,887 | 63% | ||
| 10MORPHO / USDC | -5.12% | 0.18%0.01%+0.16% | 5.29% | $2.25m | 65% |