Total Value Locked$9.686b
TVL by Chain
Ethereum$4.415b
Base$3.944b
Robinhood Chain$517.78m
Hyperliquid L1$266.53m
Monad$176.12m
Morph$71.3m
Flare$53.91m
Katana$47.81m
Tempo$44.68m
World Chain$32.08m
Stable$31.73m
Pharos$27.41m
Arbitrum$21.81m
Sei$8.12m
Plume Mainnet$5.85m
Citrea$4.83m
Polygon$3.93m
OP Mainnet$3.8m
Etherlink$3.64m
Unichain$1.36m
MegaETH$984,129
Celo$803,487
TAC$505,061
XDC$479,528
Kaia$257,345
Abstract$243,455
Soneium$27,980
Lisk$12,356
Scroll$7,385
Hemi$2,095
Avalanche$455
Fraxtal$384
RISE$93
BSC$84
Sonic$83
0G$34
Ink$13
Corn$0
Botanix$0
Gnosis$0
Zircuit$0
Bitlayer$0
Mode$0
Linea$0
Key Metrics
Fees 30d$18.66m
Fees 30d by chain
Ethereum$8.79m
Base$7.14m
Robinhood Chain$1.26m
Hyperliquid L1$572,200
Monad$501,278
Stable$116,689
Flare$101,020
Katana$56,371
Arbitrum$40,483
Plume Mainnet$26,756
Pharos$25,730
Tempo$6,042.51
OP Mainnet$5,166
Unichain$5,000.84
Polygon$4,733.53
Abstract$4,463.48
Citrea$1,774.84
Etherlink$299.93
World Chain$33.73
Celo$18.39
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.32m
Ethereum$1.96m
Base$1.68m
Robinhood Chain$343,280
Monad$126,429
Hyperliquid L1$118,766
Flare$35,871
Katana$19,045
Arbitrum$9,877
Pharos$7,689
Plume Mainnet$6,578
Abstract$3,539.09
Tempo$2,791
Unichain$2,206.07
OP Mainnet$1,036
Polygon$837.76
Citrea$343
Etherlink$220.95
Celo$18.38
World Chain$9.49
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$607,014.16
Ethereum$276,512
Base$238,183.16
Robinhood Chain$48,344
Monad$19,087
Hyperliquid L1$14,825
Flare$4,179
Katana$1,830
Arbitrum$1,634
Plume Mainnet$686
Abstract$569
Tempo$485
Pharos$347
OP Mainnet$129
Unichain$105
Polygon$69.88
Celo$18.38
Etherlink$9.95
World Chain$0.45
Citrea$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Cumulative Fees$344.91m
Ethereum$210.66m
Base$103.89m
Hyperliquid L1$15.18m
Arbitrum$4.67m
Katana$2.85m
Monad$2.14m
Robinhood Chain$2m
Polygon$1.27m
Unichain$1.06m
Flare$352,373
OP Mainnet$308,530
Stable$188,714.44
Plume Mainnet$99,738
Soneium$90,232.01
Corn$40,518
World Chain$36,174
Pharos$32,371.45
Abstract$8,085.26
Citrea$7,720.2
Tempo$6,601.43
Hemi$3,640
Etherlink$3,340.75
Celo$655.08
Fraxtal$1
Ink$0
Mode$0
Morph$0
Scroll$0
Sonic$0
Zircuit$0
Revenue 30d$0
Revenue 30d by chain
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Revenue 7d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Revenue 24h$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Cumulative Revenue$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue 7d$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Holders Revenue 24h$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Cumulative Holders Revenue$0
Abstract$0
Arbitrum$0
Base$0
Celo$0
Citrea$0
Corn$0
Ethereum$0
Etherlink$0
Flare$0
Fraxtal$0
Hemi$0
Hyperliquid L1$0
Ink$0
Katana$0
Mode$0
Monad$0
Morph$0
OP Mainnet$0
Pharos$0
Plume Mainnet$0
Polygon$0
Robinhood Chain$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Unichain$0
World Chain$0
Zircuit$0
Incentives 1y$12.53m
$634,528.66
$110,952.74
$12,584.23
$45.76m
Earnings (30d Run Rate)-$7.74m
-$634,528.66
-$110,952.74
-$12,584.23
-$45.76m
Collateral Liquidated 30d$40.06m
Collateral Liquidated 30d by chain
Ethereum$37.74m
Base$1.54m
Hyperliquid L1$676,248.57
Robinhood Chain$74,395.11
Flare$30,474
Abstract$1,303
Plume Mainnet$806.37
World Chain$338.29
Katana$266.49
Arbitrum$72.62
Polygon$72.18
Pharos$1.39
Sonic$0.04
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$130,656.94
Robinhood Chain$74,366
Hyperliquid L1$19,004.42
Ethereum$15,845.94
Flare$12,014
Base$7,766.11
Abstract$1,303
Katana$162.01
World Chain$121.28
Arbitrum$41
Plume Mainnet$33.83
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 24h$22,410
Hyperliquid L1$12,591
Base$7,131
Abstract$1,303
Flare$1,002
Robinhood Chain$271
Ethereum$107
Plume Mainnet$4.52
World Chain$0.26
Arbitrum$0
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Katana$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
Zircuit$0
Cumulative Collateral Liquidated$86.15m
Ethereum$81.4m
Hyperliquid L1$2.57m
Base$1.94m
Robinhood Chain$124,565.04
Flare$68,674.09
Celo$22,905
Abstract$6,948.82
Polygon$5,303.84
Arbitrum$3,059.04
Plume Mainnet$2,976.58
Katana$528.76
World Chain$451.97
OP Mainnet$18
Pharos$1.39
Sonic$0.04
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Market Cap$1.6b
$MORPHO Price$2.32
$2.323b
$2.32b
$MORPHO Volume 24h$28.04m
CEX Volume$18.2m
DEX Volume$10.73m(38.28% of total)
Active Loans$4.941b
Treasury$32.33m
$76.42
Stablecoins$99.97
Own Tokens$32.33m
Others$2,593.83
Total Raised$243m
Jul 13, 2022$18mRound: StrategicInvestors: a16z, Variant
Feb 28, 2024Round: PrivateInvestors: Pantera Capital
Aug 1, 2024$50mRound: StrategicInvestors: Ribbit Capital, a16z crypto, Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard, BlockTower Capital, Kraken Ventures, Hack VC, IOSG, RockawayX, L1D, Mirana Ventures, Cherry Crypto, Semantic, Fenbushi Capital, LeadBlock Partners, Robot Ventures
Jun 9, 2026$175mRound: Investors: Paradigm, a16z crypto, Ribbit Capital, VanEck, Apollo Global Management, Circle Ventures, Ledger Cathay Capital, Variant Fund, Wintermute Ventures, IOSG Ventures, HashKey Capital, SBI Group, BPI France, Mirana Ventures
Protocol Information
Morpho is a permissionless decentralized lending platform that operates on two levels: it offers tailored solutions for users to earn and borrow on their terms and provides a flexible infrastructure stack that empowers developers and businesses to build custom applications. Morpho's unique value lies in offering users the ability to tailor their own risk-reward profile by selecting from curated vaults, markets, or products.
- Morpho BlueLending
- Morpho MidnightLending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Collateral Liquidated: USD value of collateral seized during protocol liquidations
Incentives: 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
Yields
Pools Tracked242
Average Supply APY4.3%
User Activity
Active Addresses (24h)3,521
Transactions (24h)50,006
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $9.686b in total value locked. TVL has increased 22.6% over the past 30 days.
What chains does Morpho operate on?
Morpho operates on 44 chains: Ethereum, Base, Robinhood Chain, Hyperliquid L1, and Monad and 39 others. Ethereum holds the largest share at 45.6%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $18.66m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $207.36m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.32. Its circulating market capitalization is $1.6b, ranking it #67. Its fully diluted valuation is $2.323b. Supply currently stands at 688.95m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 8.2% over the past 7 days and up 16.9% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 44.4% below that level.
How does Morpho's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Morpho ranks #2 by TVL. The category holds $50.843b across 521 protocols, and Morpho accounts for 19% of that total. Other leading protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, Tarot, Impermax V2, Compound V3, and Folks Finance xChain.
How much has been borrowed through Morpho?
Morpho currently has $4.941b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $32.33m. Its holdings include $99.97 in stablecoins, $76.42 in major assets, $32.33m in its own tokens, $2,593.83 in other assets.