Ask about Morpho
Total Value Locked$9.765b
TVL by Chain
Ethereum$4.48b
Base$3.959b
Robinhood Chain$524.84m
Hyperliquid L1$265.84m
Monad$176.21m
Morph$71.44m
Flare$54.63m
Katana$47.84m
Tempo$44.73m
World Chain$32.14m
Pharos$27.45m
Stable$25.59m
Arbitrum$20.99m
Sei$8.12m
Plume Mainnet$5.53m
Citrea$4.84m
Polygon$3.94m
OP Mainnet$3.8m
Etherlink$3.64m
Unichain$1.39m
MegaETH$988,234
Celo$827,457
TAC$479,238
XDC$478,170
Kaia$257,726
Abstract$243,573
Soneium$28,730
Lisk$12,045
Scroll$7,379
Hemi$2,069
Avalanche$455
Fraxtal$382
RISE$93
BSC$84
Sonic$83
0G$34
Ink$13
Corn$0
Botanix$0
Zircuit$0
Bitlayer$0
Linea$0
Gnosis$0
Mode$0
Key Metrics
Fees 30d$18.72m
Fees 30d by chain
Ethereum$8.82m
Base$7.15m
Robinhood Chain$1.28m
Hyperliquid L1$568,031
Monad$502,071
Stable$116,689
Flare$102,466
Katana$57,019
Arbitrum$41,124
Plume Mainnet$27,263
Pharos$24,972
Tempo$6,541.84
Unichain$5,492.14
Abstract$5,332.36
OP Mainnet$5,136
Polygon$4,685.34
Citrea$1,774.84
Etherlink$299.93
World Chain$33.6
Celo$18.77
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Zircuit$0
Fees 7d$4.29m
Ethereum$1.95m
Base$1.66m
Robinhood Chain$348,631
Monad$126,730
Hyperliquid L1$110,408
Flare$35,312
Katana$17,352
Arbitrum$10,361
Plume Mainnet$7,500
Pharos$6,532
Abstract$4,407.62
Tempo$2,983
Unichain$2,680
OP Mainnet$1,067
Polygon$765.57
Citrea$343
Etherlink$220.95
Celo$18.76
World Chain$9.41
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Zircuit$0
Fees 24h$614,720.44
Ethereum$278,120
Base$240,413.44
Robinhood Chain$53,325
Monad$17,359
Hyperliquid L1$14,383
Flare$3,731
Katana$1,822
Arbitrum$1,743
Plume Mainnet$1,607
Abstract$873
Unichain$569
Tempo$508
OP Mainnet$166
Polygon$99.81
World Chain$0.45
Celo$0.38
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
Pharos$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$12.46m
$630,765.02
$102,966.62
$6,466.01
$45.77m
Earnings (30d Run Rate)-$7.7m
-$630,765.02
-$102,966.62
-$6,466.01
-$45.77m
Collateral Liquidated 30d$40.13m
Collateral Liquidated 30d by chain
Ethereum$37.74m
Base$1.54m
Hyperliquid L1$690,039.27
Robinhood Chain$124,536.11
Flare$29,066.09
Abstract$5,841
Plume Mainnet$804.81
World Chain$337.93
Katana$266.49
Arbitrum$72.62
Polygon$72.18
Sonic$0.04
Celo$0
Citrea$0
Etherlink$0
Fraxtal$0
Hemi$0
Ink$0
Mode$0
Morph$0
OP Mainnet$0
Pharos$0
Scroll$0
Soneium$0
Stable$0
Tempo$0
Zircuit$0
Collateral Liquidated 7d$189,238.94
Robinhood Chain$110,069
Hyperliquid L1$32,795.42
Ethereum$16,178.94
Base$12,220.11
Flare$11,794.09
Abstract$5,841
Katana$162.01
World Chain$121.28
Arbitrum$41
Plume Mainnet$16.83
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$73,747
Robinhood Chain$50,141
Hyperliquid L1$13,791
Base$4,943
Abstract$4,538
Ethereum$333
Flare$1.09
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
Plume Mainnet$0
Polygon$0
Scroll$0
Soneium$0
Sonic$0
Stable$0
Tempo$0
World Chain$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$1.582b
$MORPHO Price$2.3
$2.296b
$2.3b
$MORPHO Volume 24h$25.14m
CEX Volume$15.98m
DEX Volume$9.42m(37.49% of total)
Active Loans$4.981b
Treasury$30.87m
$75.36
Stablecoins$99.99
Own Tokens$30.87m
Others$1,887.27
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 APY4.24%
User Activity
Active Addresses (24h)3,551
Transactions (24h)51,346
Competitors
Frequently Asked Questions
What is Morpho's TVL?
Morpho currently has $9.765b in total value locked. TVL has increased 22.7% 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 45.9%.
How much has Morpho generated in fees and revenue?
Over the past 30 days, Morpho generated $18.72m in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $207.2m in fees.
What is the MORPHO token price and valuation?
MORPHO is currently trading at $2.3. Its circulating market capitalization is $1.586b, ranking it #68. Its fully diluted valuation is $2.302b. Supply currently stands at 688.98m circulating, 1b total supply, 1b maximum supply.
How has MORPHO performed recently?
MORPHO is down 9.1% over the past 7 days and up 17.4% over the past 30 days. Its all-time high is $4.17, reached on Jan 17, 2025. The token is currently 44.8% 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 $50.939b across 522 protocols, and Morpho accounts for 19.1% 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 $4.981b in active loans.
Does Morpho have a treasury?
Morpho has a tracked treasury currently valued at $30.87m. Its holdings include $99.99 in stablecoins, $75.36 in major assets, $30.87m in its own tokens, $1,887.27 in other assets.