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Morpho Blue(MORPHO)

Total Value Locked$11.273b

TVL by Chain

Ethereum$5.145b

Base$4.378b

Robinhood Chain$617.52m

Arc$295.75m

Monad$171.95m

Arbitrum$168.6m

Hyperliquid L1$128.93m

Pharos$67.27m

Morph$66.44m

Tempo$66.02m

Flare$44.92m

World Chain$39.43m

Stable$26.87m

Katana$26.42m

Citrea$8.55m

OP Mainnet$4.4m

Etherlink$4.37m

Polygon$3.17m

Sei$2.88m

Plume Mainnet$2.15m

Unichain$1.03m

MegaETH$928,437

XDC$565,083

Celo$541,939

TAC$222,516

Kaia$178,805

Abstract$33,498

Soneium$27,539

Lisk$3,780

Avalanche$535.19

Sonic$103.45

RISE$93.64

BSC$82.84

0G$35.40

Ink$13.81

Gnosis$0

Linea$0

Fraxtal$0

Scroll$0

Mode$0

Corn$0

Hemi$0

Zircuit$0

Bitlayer$0

Botanix$0

Key Metrics

Fees 30d$22.89m

Fees 30d by chain

Ethereum$10.01m

Base$9.32m

Robinhood Chain$1.79m

Monad$620,394

Hyperliquid L1$358,519

Arc$320,709

Stable$135,141

Flare$95,849

Arbitrum$91,424

Pharos$53,634

Katana$44,090

Plume Mainnet$13,212

Polygon$7,586

OP Mainnet$5,200

Unichain$4,000

Abstract$3,680

Citrea$2,907

Tempo$596.76

World Chain$79.55

Celo$47.62

Morph$0.38

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 7d$5.33m

Ethereum$2.36m

Base$2.15m

Robinhood Chain$414,722

Monad$140,243

Arc$112,097

Arbitrum$50,047

Hyperliquid L1$47,003

Flare$22,317

Pharos$12,697

Katana$7,930

Stable$7,835

Plume Mainnet$2,044

Polygon$1,677

OP Mainnet$1,323

Citrea$1,072

Unichain$790.01

Tempo$108.53

Celo$7.98

Abstract$0.38

World Chain$0.17

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Zircuit$0

Fees 24h$889,011

Ethereum$458,080

Base$313,549

Robinhood Chain$56,040

Monad$20,990

Arc$18,781

Arbitrum$7,637

Hyperliquid L1$5,972

Flare$2,605

Katana$1,824

Pharos$1,427

Citrea$1,072

Unichain$432

Polygon$365

OP Mainnet$128

Plume Mainnet$94.25

Tempo$15.76

Celo$0.10

World Chain$0.02

Abstract$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Morph$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Zircuit$0

Cumulative Fees$377.71m

Ethereum$225.16m

Base$117.13m

Hyperliquid L1$15.73m

Arbitrum$4.78m

Robinhood Chain$4.6m

Monad$3.06m

Katana$2.93m

Polygon$1.28m

Unichain$1.06m

Flare$503,391

Stable$386,420

Arc$322,680

OP Mainnet$316,762

Plume Mainnet$124,766

Pharos$103,153

Soneium$90,232

Corn$40,518

World Chain$36,266

Tempo$13,373

Abstract$12,428

Citrea$12,233

Hemi$3,640

Etherlink$3,354

Celo$712.05

Fraxtal$1

Morph$0.38

Ink$0

Mode$0

Scroll$0

Sonic$0

Zircuit$0

Revenue 30d$0

Revenue 30d by chain

Abstract$0

Arbitrum$0

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$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

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$0

Base$0

Celo$0

Citrea$0

Ethereum$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

Arc$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

Collateral Liquidated 30d$5.96m

Collateral Liquidated 30d by chain

Base$3.35m

Hyperliquid L1$1.27m

Robinhood Chain$732,801

Ethereum$435,488

Abstract$69,502

Flare$64,857

World Chain$19,306

Polygon$14,176

Arbitrum$1,622

Plume Mainnet$1,038

Arc$496.39

Katana$233.96

Monad$7.29

Morph$5.48

Unichain$1.84

OP Mainnet$0.01

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Zircuit$0

Collateral Liquidated 7d$973,474

Base$450,069

Robinhood Chain$258,997

Ethereum$248,145

World Chain$6,234

Polygon$6,182

Hyperliquid L1$1,519

Flare$1,300

Arbitrum$1,001

Plume Mainnet$27.09

Arc$0.39

Abstract$0

Celo$0

Citrea$0

Fraxtal$0

Hemi$0

Ink$0

Katana$0

Mode$0

Monad$0

Morph$0

OP Mainnet$0

Pharos$0

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Collateral Liquidated 24h$6,225

Polygon$6,134

Base$60

Ethereum$21

World Chain$8.77

Plume Mainnet$1.38

Robinhood Chain$0.06

Abstract$0

Arbitrum$0

Arc$0

Celo$0

Citrea$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

Scroll$0

Soneium$0

Sonic$0

Stable$0

Tempo$0

Unichain$0

Zircuit$0

Cumulative Collateral Liquidated$53.33m

Ethereum$42.9m

Base$5.35m

Hyperliquid L1$3.84m

Robinhood Chain$954,944

Flare$133,722

Abstract$76,746

Celo$22,905

World Chain$19,764

Polygon$19,480

Arbitrum$4,690

Plume Mainnet$4,049

Katana$771.42

Arc$496.39

OP Mainnet$18.01

Monad$7.29

Morph$5.48

Unichain$1.84

Pharos$1.39

Sonic$0.04

Citrea$0

Etherlink$0

Fraxtal$0

Hemi$0

Ink$0

Mode$0

Scroll$0

Soneium$0

Stable$0

Tempo$0

Zircuit$0

Active Loans$5.763b

Protocol Information

Morpho Blue is a trustless and efficient lending primitive with permissionless market creation

Website X/Twitter

Category:Lending

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol Fees: Total borrow interest paid by borrowers + liquidation bonues earned by liquidators.Revenue: No revenue for Morpho protocol.Holders Revenue: Collateral Liquidated: Total USD value of collateral seized in Morpho Blue Liquidate events.

Yields

Pools Tracked253

Average Supply APY5.23%

User Activity

Active Addresses (24h)3,021

Transactions (24h)57,369

Competitors

Aave V3 ($16.405b)Avalon Finance ($1.21m)Euler V2 ($278.66m)Ajna V2 ($44,540)PWN ($21,420)Gearbox ($22.73m)LayerBank ($5.48m)Impermax V2 ($526,781)Tarot ($516,428)Compound V3 ($1.347b)

Income statement for Morpho Blue

YearlyQuarterlyMonthlyCumulative

	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	$20.84M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$20M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$839.26K	$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	$20.84M	$52.87M	$48.6M	$44.72M	$59.33M	$54.02M	$20.09M	$28.06M	$20.38M	$11.34M	$17.3M	$1.04M
Borrow Interest	$20M	$51.28M	$42.11M	$33.84M	$49.93M	$52.97M	$19.35M	$26.74M	$20.16M	$9.64M	$16.21M	$911.66K
Liquidation Fees	$839.26K	$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

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Morpho Blue history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 14, 2024 to Oct 27, 2026.

All-time high TVL: $11.476b on Oct 6, 2026. All-time low TVL: $11.11m on Jan 15, 2024.

Daily TVL, Sep 28, 2026 to Oct 27, 2026

Date	TVL
Sep 28, 2026	$11.051b
Sep 29, 2026	$10.978b
Sep 30, 2026	$11.017b
Oct 1, 2026	$10.979b
Oct 2, 2026	$11.192b
Oct 3, 2026	$11.297b
Oct 4, 2026	$11.321b
Oct 5, 2026	$11.467b
Oct 6, 2026	$11.476b
Oct 7, 2026	$11.46b
Oct 8, 2026	$11.262b
Oct 9, 2026	$11.077b
Oct 10, 2026	$11.211b
Oct 11, 2026	$11.286b
Oct 12, 2026	$11.362b
Oct 13, 2026	$11.115b
Oct 14, 2026	$11.257b
Oct 15, 2026	$11.004b
Oct 16, 2026	$11.088b
Oct 17, 2026	$11.044b
Oct 18, 2026	$11.028b
Oct 19, 2026	$11.091b
Oct 20, 2026	$11.09b
Oct 21, 2026	$11.27b
Oct 22, 2026	$11.355b
Oct 23, 2026	$11.14b
Oct 24, 2026	$11.152b
Oct 25, 2026	$11.205b
Oct 26, 2026	$11.21b
Oct 27, 2026	$11.335b

TVL at each month end, Nov 2024 to Oct 2026

Date	TVL
Nov 30, 2024	$1.988b
Dec 31, 2024	$2.854b
Jan 31, 2025	$3.698b
Feb 28, 2025	$3.006b
Mar 31, 2025	$2.751b
Apr 30, 2025	$2.732b
May 31, 2025	$3.614b
Jun 30, 2025	$4.108b
Jul 31, 2025	$5.856b
Aug 31, 2025	$7.239b
Sep 30, 2025	$7.054b
Oct 31, 2025	$8.361b
Nov 30, 2025	$6.058b
Dec 31, 2025	$5.803b
Jan 31, 2026	$6.581b
Feb 28, 2026	$5.703b
Mar 31, 2026	$6.982b
Apr 30, 2026	$7.007b
May 31, 2026	$7.407b
Jun 30, 2026	$6.644b
Jul 31, 2026	$7.792b
Aug 31, 2026	$9.514b
Sep 30, 2026	$11.017b
Oct 27, 2026 (latest)	$11.335b

TVL at each year end, Dec 31, 2024 to Dec 31, 2025

Date	TVL
Dec 31, 2024	$2.854b
Dec 31, 2025	$5.803b

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

Month	Fees	Revenue	Holders revenue
Nov 2024	$5.93m	$0	$0
Dec 2024	$11.81m	$0	$0
Jan 2025	$10.93m	$0	$0
Feb 2025	$10.04m	$0	$0
Mar 2025	$7.09m	$0	$0
Apr 2025	$5.62m	$0	$0
May 2025	$6.35m	$0	$0
Jun 2025	$8.12m	$0	$0
Jul 2025	$12.16m	$0	$0
Aug 2025	$19.06m	$0	$0
Sep 2025	$22.81m	$0	$0
Oct 2025	$24.15m	$0	$0
Nov 2025	$22.93m	$0	$0
Dec 2025	$12.25m	$0	$0
Jan 2026	$15.65m	$0	$0
Feb 2026	$17.74m	$0	$0
Mar 2026	$11.34m	$0	$0
Apr 2026	$14.55m	$0	$0
May 2026	$15.28m	$0	$0
Jun 2026	$18.77m	$0	$0
Jul 2026	$14.89m	$0	$0
Aug 2026	$18.42m	$0	$0
Sep 2026	$19.57m	$0	$0
Oct 2026 (to date)	$20.84m	$0	$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/morpho-blue

Frequently asked questions

What is Morpho Blue's TVL?

As of Oct 27, 2026, Morpho Blue has $11.273b in total value locked. TVL has increased 2% over the past 30 days.

What chains does Morpho Blue operate on?

Morpho Blue operates on 45 chains: Ethereum, Base, Robinhood Chain, Arc, and Monad and 40 others. Ethereum holds the largest share at 45.6%.

How much has Morpho Blue generated in fees and revenue?

Over the past 30 days, Morpho Blue generated $22.89m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $204.91m in fees.

How does Morpho Blue's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Morpho Blue ranks #2 by TVL. The category holds $51.897b across 518 protocols, and Morpho Blue accounts for 21.7% of that total. Similar protocols include Aave V3, Avalon Finance, Euler V2, Ajna V2, PWN, Gearbox, LayerBank, Impermax V2, Tarot, and Compound V3.

How much has been borrowed through Morpho Blue?

As of Oct 27, 2026, Morpho Blue has $5.763b in active loans.