Morpho (MORPHO)
Total Value Locked$5.65b
TVL by Chain
Ethereum$3.087b
Base$1.595b
Hyperliquid L1$405.22m
Katana$221.92m
Unichain$125.15m
Polygon$85.21m
World Chain$60.96m
Plume Mainnet$41.15m
TAC$9.46m
Corn$8.04m
Lisk$7.79m
OP Mainnet$2.49m
Arbitrum$18,196
Fraxtal$1,025
Sonic$65.6
Scroll$32.88
Ink$2.45
Soneium$0
Hemi$0
Zircuit$0
Flame$0
Mode$0
Key Metrics
Fees (Annualized)$120.31m
Fees 30d$9.86m
Fees 7d$2.97m
Fees 24h$480,298
Cumulative Fees$117.18m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$31.76m
Incentives 30d$2.6m
Incentives 7d$773,594
Incentives 24h$217,846
Cumulative Incentives$23.58m
Earnings (Annualized)-$31.76m
Earnings 30d-$2.6m
Earnings 7d-$773,594
Earnings 24h-$217,846
Cumulative Earnings-$23.58m
Market Cap$641.65m
$MORPHO Price$2
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$2.003b
$MORPHO Volume 24h$25.72m
CEX Volume$14.37m
DEX Volume$11.72m(45.56% of total)
Borrowed$2.894b
$MORPHO Liquidity$8.38m
Aerodrome Slipstream$3.84m
Uniswap V3$3.16m
Uniswap V3$1.37m
Treasury$62.84m
Majors$112.57
Stablecoins$100
Own Tokens$62.84m
Others$2.19
Morpho (MORPHO)
Total Value Locked$5.65b
TVL by Chain
Ethereum$3.087b
Base$1.595b
Hyperliquid L1$405.22m
Katana$221.92m
Unichain$125.15m
Polygon$85.21m
World Chain$60.96m
Plume Mainnet$41.15m
TAC$9.46m
Corn$8.04m
Lisk$7.79m
OP Mainnet$2.49m
Arbitrum$18,196
Fraxtal$1,025
Sonic$65.6
Scroll$32.88
Ink$2.45
Soneium$0
Hemi$0
Zircuit$0
Flame$0
Mode$0
Key Metrics
Fees (Annualized)$120.31m
Fees 30d$9.86m
Fees 7d$2.97m
Fees 24h$480,298
Cumulative Fees$117.18m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$31.76m
Incentives 30d$2.6m
Incentives 7d$773,594
Incentives 24h$217,846
Cumulative Incentives$23.58m
Earnings (Annualized)-$31.76m
Earnings 30d-$2.6m
Earnings 7d-$773,594
Earnings 24h-$217,846
Cumulative Earnings-$23.58m
Market Cap$641.65m
$MORPHO Price$2
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$2.003b
$MORPHO Volume 24h$25.72m
CEX Volume$14.37m
DEX Volume$11.72m(45.56% of total)
Borrowed$2.894b
$MORPHO Liquidity$8.38m
Aerodrome Slipstream$3.84m
Uniswap V3$3.16m
Uniswap V3$1.37m
Treasury$62.84m
Majors$112.57
Stablecoins$100
Own Tokens$62.84m
Others$2.19
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
Fees: Total borrow interest paid by borrowers.View code on GitHubRevenue: Percentage of interest going to treasuryView code on GitHubIncentives: 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
Development Activity
Updated at Jul 1, 2025
Weekly commits1
Monthly commits72
Weekly developers1
Monthly developers11
Last commit01/07/25 (22 days ago)
Income Statement for Morpho
Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
---|---|---|---|---|---|---|---|
Fees | $8.05m | $23.18m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Incentives | $2.09m | $6.4m | $10.66m | $4.44m | $0 | $0 | $0 |
Earnings | -$2.09m | -$6.4m | -$10.66m | -$4.44m | $0 | $0 | $0 |