Morpho (MORPHO)
Total Value Locked$9.251b
TVL by Chain
borrowed$3.091b
Ethereum$2.94b
Base$2.092b
Hyperliquid L1$503.45m
Katana$311.2m
Arbitrum$115.88m
Monad$37.15m
World Chain$36.77m
Unichain$35.05m
OP Mainnet$28.45m
Polygon$26.43m
Plume Mainnet$15.58m
Sei$3.58m
Etherlink$3.41m
Lisk$3.22m
Soneium$2.16m
Botanix$2m
Hemi$1.86m
TAC$813,855
Corn$16,663
Fraxtal$878
Scroll$140
Sonic$83
BSC$24
Ink$1
Gnosis$0
Bitlayer$0
Abstract$0
Zircuit$0
Mode$0
Key Metrics
Fees (Annualized)$252.41m
Fees 30d$20.69m
Fees 7d$2.89m
Fees 24h$421,333
Cumulative Fees$212.54m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$0
Incentives (Annualized)$18m
Incentives 30d$1.48m
Incentives 7d$320,163
Incentives 24h$42,537
Cumulative Incentives$36.18m
Earnings (Annualized)-$18m
Earnings 30d-$1.48m
Earnings 7d-$320,163
Earnings 24h-$42,537
Cumulative Earnings-$36.18m
Market Cap$755.93m
$MORPHO Price$1.42
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.426b
$MORPHO Volume 24h$18.01m
CEX Volume$12.07m
DEX Volume$5.95m(33.05% of total)
Borrowed$3.091b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$32.14m
Majors$94.09
Stablecoins$100.02
Own Tokens$32.12m
Others$19,121
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.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
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
Income Statement for Morpho
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|---|
| Fees | $49.61m | $53.8m | $23.18m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Incentives | $3.79m | $4.79m | $3.04m | $12.94m | $11.62m | $0 | $0 | $0 |
| Earnings | -$3.79m | -$4.79m | -$3.04m | -$12.94m | -$11.62m | $0 | $0 | $0 |
| Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |