Ask about MorpheusAI · freeTotal Value Locked$17.91m
TVL by Chain
Ethereum$17.91m
Arbitrum$0
Base$0
Key Metrics
Fees 30d$43,458
Fees 30d by chain
Ethereum$43,458
Arbitrum$0
Fees 7d$9,238
Ethereum$9,238
Arbitrum$0
Fees 24h$1,258
Ethereum$1,258
Arbitrum$0
Cumulative Fees$9.97m
Ethereum$9.97m
Arbitrum$0
Revenue 30d$43,458
Revenue 30d by chain
Ethereum$43,458
Arbitrum$0
Revenue 7d$9,238
Ethereum$9,238
Arbitrum$0
Revenue 24h$1,258
Ethereum$1,258
Arbitrum$0
Cumulative Revenue$9.97m
Ethereum$9.97m
Arbitrum$0
Holders Revenue 30d$40,691
Holders Revenue 30d by chain
Arbitrum$40,691
Ethereum$0
Holders Revenue 7d$8,444
Arbitrum$8,444
Ethereum$0
Holders Revenue 24h$1,166
Arbitrum$1,166
Ethereum$0
Cumulative Holders Revenue$7.31m
Arbitrum$7.31m
Ethereum$0
Incentives 1y$7.27m
Incentives 30d$403,072
Incentives 7d$82,073
Incentives 24h$20,703
Cumulative Incentives$125.26m
Earnings (Annualized)-$6.78m
Earnings 30d-$359,614
Earnings 7d-$72,835
Earnings 24h-$19,445
Cumulative Earnings-$115.3m
Market Cap$8.1m
$MOR Price$0.89
Fully Diluted Valuation$8.37m
Outstanding FDV$37.56m
$MOR Volume 24h$30,774
CEX Volume$0
DEX Volume$30,611(99.47% of total)
Staked$2.95m(36.43% of mcap)
Protocol Information
Morpheus is the decentralized infrastructure layer where anyone can build, deploy, and scale AI without gatekeepers. It combines yield-powered tokenomics, decentralized compute, and open-source code into a permissionless network — with the native token MOR aligning incentives through daily emissions to four contributor groups: Capital, Compute, Code, and Builders.
Audits:
Methodology
TVL: Ethereum TVL counts stETH and Aave aToken deposits held by the Morpheus capital contracts. Arbitrum and Base staking count the MOR balance held by their respective Morpheus Builders contracts; reported under staking because the deposit asset is the protocol token.View code on GitHubFees: Yield captured from deposits: stETH rebasing (Lido) + Aave V3 interest on wETH, USDC, USDT, wBTC.View code on GitHubRevenue: All captured yield (100%).View code on GitHubHolders Revenue: MOR buybacks funded by yield (75%): buy & burn, buy & lock, buy & add to PoL.View code on GitHubIncentives: 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
Competitors
MorpheusAI history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 9, 2024 to Oct 27, 2026.
All-time high TVL: $579.33m on May 28, 2024. All-time low TVL: $10.31m on Feb 6, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $23.79m |
| Sep 29, 2026 | $23.64m |
| Sep 30, 2026 | $23.62m |
| Oct 1, 2026 | $23.56m |
| Oct 2, 2026 | $23.61m |
| Oct 3, 2026 | $23.41m |
| Oct 4, 2026 | $23.3m |
| Oct 5, 2026 | $21.71m |
| Oct 6, 2026 | $21.46m |
| Oct 7, 2026 | $21.35m |
| Oct 8, 2026 | $20.41m |
| Oct 9, 2026 | $19.71m |
| Oct 10, 2026 | $19.77m |
| Oct 11, 2026 | $19.92m |
| Oct 12, 2026 | $20.02m |
| Oct 13, 2026 | $19.12m |
| Oct 14, 2026 | $19.72m |
| Oct 15, 2026 | $19.11m |
| Oct 16, 2026 | $19.26m |
| Oct 17, 2026 | $18.57m |
| Oct 18, 2026 | $18.41m |
| Oct 19, 2026 | $18.43m |
| Oct 20, 2026 | $18.37m |
| Oct 21, 2026 | $18.74m |
| Oct 22, 2026 | $18.97m |
| Oct 23, 2026 | $18.25m |
| Oct 24, 2026 | $18.19m |
| Oct 25, 2026 | $18.07m |
| Oct 26, 2026 | $17.8m |
| Oct 27, 2026 | $17.83m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $205.25m |
| Dec 31, 2024 | $145.51m |
| Jan 31, 2025 | $136.4m |
| Feb 28, 2025 | $85.08m |
| Mar 31, 2025 | $62.39m |
| Apr 30, 2025 | $50.58m |
| May 31, 2025 | $66.25m |
| Jun 30, 2025 | $63.46m |
| Jul 31, 2025 | $90.06m |
| Aug 31, 2025 | $93.19m |
| Sep 30, 2025 | $43.65m |
| Oct 31, 2025 | $33.57m |
| Nov 30, 2025 | $25.4m |
| Dec 31, 2025 | $24.44m |
| Jan 31, 2026 | $15.72m |
| Feb 28, 2026 | $11.14m |
| Mar 31, 2026 | $13.44m |
| Apr 30, 2026 | $14.15m |
| May 31, 2026 | $16.76m |
| Jun 30, 2026 | $11.87m |
| Jul 31, 2026 | $16.15m |
| Aug 31, 2026 | $20.29m |
| Sep 30, 2026 | $23.62m |
| Oct 27, 2026 (latest) | $17.83m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $145.51m |
| Dec 31, 2025 | $24.44m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $459,340 | $459,340 | $333,012 |
| Dec 2024 | $445,059 | $445,059 | $1.36m |
| Jan 2025 | $343,016 | $343,016 | $374,310 |
| Feb 2025 | $260,250 | $260,250 | $181,887 |
| Mar 2025 | $186,406 | $186,406 | $209,133 |
| Apr 2025 | $128,481 | $128,481 | $108,776 |
| May 2025 | $151,268 | $151,268 | $145,673 |
| Jun 2025 | $146,024 | $146,024 | $479,019 |
| Jul 2025 | $181,474 | $181,474 | $204,520 |
| Aug 2025 | $214,635 | $214,635 | $272,375 |
| Sep 2025 | $167,353 | $167,353 | $228,432 |
| Oct 2025 | $88,265 | $88,265 | $155,621 |
| Nov 2025 | $60,844 | $60,844 | $61,103 |
| Dec 2025 | $57,233 | $57,233 | $72,121 |
| Jan 2026 | $52,491 | $52,491 | $44,497 |
| Feb 2026 | $24,623 | $24,623 | $18,599 |
| Mar 2026 | $31,723 | $31,723 | $21,312 |
| Apr 2026 | $32,648 | $32,648 | $30,579 |
| May 2026 | $36,140 | $36,140 | $34,199 |
| Jun 2026 | $28,550 | $28,550 | $18,658 |
| Jul 2026 | $29,336 | $29,336 | $33,050 |
| Aug 2026 | $38,241 | $38,241 | $23,956 |
| Sep 2026 | $46,380 | $46,380 | $42,498 |
| Oct 2026 (to date) | $37,919 | $37,919 | $34,585 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/morpheusai
Frequently asked questions
What is MorpheusAI's TVL?
As of Oct 27, 2026, MorpheusAI has $17.91m in total value locked. TVL has decreased 24.5% over the past 30 days.
What chains does MorpheusAI operate on?
MorpheusAI operates on 3 chains: Ethereum, Arbitrum, and Base. Ethereum holds the largest share at 100%.
How much has MorpheusAI generated in fees and revenue?
Over the past 30 days, MorpheusAI generated $43,458 in fees. Of that, $43,458 was protocol revenue. Based on the trailing year, the annualized rate is $487,459 in fees and $487,459 in revenue.
What is the MOR token price and valuation?
MOR is currently trading at $0.90. Its circulating market capitalization is $8.12m, ranking it #1,622. Its fully diluted valuation is $8.39m. Supply currently stands at 9.05m circulating, 9.36m total supply, 42m maximum supply.
How has MOR performed recently?
MOR is up 5.4% over the past 7 days and down 42% over the past 30 days. Its all-time high is $138.99, reached on May 21, 2024. The token is currently 99.4% below that level.
How does MorpheusAI's TVL compare to similar protocols?
Among AI Agents protocols tracked by DefiLlama, MorpheusAI ranks #1 by TVL. The category holds $30.33m across 39 protocols, and MorpheusAI accounts for 59% of that total. Similar protocols include ZyFAI, Krystal Auto-Farm Vault, Infinite Trading Protocol, Giza, Vaultfire, Botto, Mind Network, TermiX, Glorb, and Vader AI.