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 GitHub

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 Tracked456

Average APY2.63%

View all Yields

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 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 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