Morpho (MORPHO)
Total Value Locked$9.072b
TVL by Chain
borrowed$3.208b
Ethereum$2.609b
Base$2.078b
Hyperliquid L1$436.34m
Katana$302.74m
Arbitrum$121.12m
Stable$100.01m
Monad$50.2m
Unichain$39.57m
World Chain$36.15m
OP Mainnet$32.52m
Polygon$26.37m
Plume Mainnet$15m
Sei$3.43m
Etherlink$3.38m
Lisk$3.04m
Botanix$2.78m
Soneium$2.11m
Hemi$1.85m
TAC$820,652
Corn$16,175
Scroll$1,542
Fraxtal$870
Sonic$83
BSC$23
Ink$1
Gnosis$0
Zircuit$0
Bitlayer$0
Mode$0
Abstract$0
Key Metrics
Fees (Annualized)$223.33m
Fees 30d$18.31m
Fees 7d$2.73m
Fees 24h$380,219
Cumulative Fees$216.06m
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)$12.97m
Incentives 30d$1.06m
Incentives 7d$115,310
Incentives 24h$19,869
Cumulative Incentives$36.35m
Earnings (Annualized)-$12.97m
Earnings 30d-$1.06m
Earnings 7d-$115,310
Earnings 24h-$19,869
Cumulative Earnings-$36.35m
Market Cap$624.92m
$MORPHO Price$1.16
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.157b
$MORPHO Volume 24h$15.89m
CEX Volume$10.95m
DEX Volume$4.77m(30% of total)
Borrowed$3.208b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$26.01m
Majors$93.29
Stablecoins$100.01
Own Tokens$26m
Others$15,836
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 | $53.13m | $53.8m | $23.18m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Incentives | $3.96m | $4.79m | $3.04m | $12.94m | $11.62m | $0 | $0 | $0 |
| Earnings | -$3.96m | -$4.79m | -$3.04m | -$12.94m | -$11.62m | $0 | $0 | $0 |
| Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |