Morpho (MORPHO)
Total Value Locked$6.016b
TVL by Chain
Ethereum$3.434b
Base$1.576b
Hyperliquid L1$445.24m
Katana$212.03m
Unichain$128.21m
Polygon$89.5m
World Chain$56.88m
Plume Mainnet$45.47m
TAC$10.13m
Corn$9.04m
Lisk$7.66m
OP Mainnet$2.4m
Arbitrum$128,828
Fraxtal$1,018
Sonic$65.45
Scroll$32.71
Ink$2.41
Soneium$0
Hemi$0
Flame$0
Mode$0
Zircuit$0
Key Metrics
Fees (Annualized)$136.04m
Fees 30d$11.15m
Fees 7d$3.29m
Fees 24h$444,885
Cumulative Fees$120.43m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$36.88m
Incentives 30d$3.02m
Incentives 7d$764,767
Incentives 24h$205,052
Cumulative Incentives$26.26m
Earnings (Annualized)-$36.88m
Earnings 30d-$3.02m
Earnings 7d-$764,767
Earnings 24h-$205,052
Cumulative Earnings-$26.26m
Market Cap$582.63m
$MORPHO Price$1.8
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.804b
$MORPHO Volume 24h$29.04m
CEX Volume$15.33m
DEX Volume$13.9m(47.86% of total)
Borrowed$3.225b
$MORPHO Liquidity$6.99m
Aerodrome Slipstream$3.82m
Uniswap V3$2.6m
Uniswap V3$575,106
Treasury$57.16m
Majors$114.44
Stablecoins$99.98
Own Tokens$57.16m
Others$2.46
Morpho (MORPHO)
Total Value Locked$6.016b
TVL by Chain
Ethereum$3.434b
Base$1.576b
Hyperliquid L1$445.24m
Katana$212.03m
Unichain$128.21m
Polygon$89.5m
World Chain$56.88m
Plume Mainnet$45.47m
TAC$10.13m
Corn$9.04m
Lisk$7.66m
OP Mainnet$2.4m
Arbitrum$128,828
Fraxtal$1,018
Sonic$65.45
Scroll$32.71
Ink$2.41
Soneium$0
Hemi$0
Flame$0
Mode$0
Zircuit$0
Key Metrics
Fees (Annualized)$136.04m
Fees 30d$11.15m
Fees 7d$3.29m
Fees 24h$444,885
Cumulative Fees$120.43m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$36.88m
Incentives 30d$3.02m
Incentives 7d$764,767
Incentives 24h$205,052
Cumulative Incentives$26.26m
Earnings (Annualized)-$36.88m
Earnings 30d-$3.02m
Earnings 7d-$764,767
Earnings 24h-$205,052
Cumulative Earnings-$26.26m
Market Cap$582.63m
$MORPHO Price$1.8
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.804b
$MORPHO Volume 24h$29.04m
CEX Volume$15.33m
DEX Volume$13.9m(47.86% of total)
Borrowed$3.225b
$MORPHO Liquidity$6.99m
Aerodrome Slipstream$3.82m
Uniswap V3$2.6m
Uniswap V3$575,106
Treasury$57.16m
Majors$114.44
Stablecoins$99.98
Own Tokens$57.16m
Others$2.46
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
Income Statement for Morpho
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|
| Fees | $11.31m | $23.18m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Incentives | $3.02m | $6.91m | $11.53m | $4.81m | $0 | $0 | $0 |
| Earnings | -$3.02m | -$6.91m | -$11.53m | -$4.81m | $0 | $0 | $0 |