Morpho (MORPHO)
Total Value Locked$6.01b
TVL by Chain
Ethereum$3.422b
Base$1.599b
Hyperliquid L1$427.31m
Katana$212.27m
Unichain$132.35m
Polygon$86.61m
World Chain$59.71m
Plume Mainnet$41.77m
TAC$10.07m
Corn$8.93m
Lisk$7.99m
OP Mainnet$2.36m
Arbitrum$28,081
Fraxtal$1,026
Sonic$65.51
Scroll$32.76
Ink$2.41
Soneium$0
Zircuit$0
Flame$0
Hemi$0
Mode$0
Key Metrics
Fees (Annualized)$129.49m
Fees 30d$10.61m
Fees 7d$3.24m
Fees 24h$473,952
Cumulative Fees$118.77m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$33.98m
Incentives 30d$2.79m
Incentives 7d$763,892
Incentives 24h$214,312
Cumulative Incentives$24.54m
Earnings (Annualized)-$33.98m
Earnings 30d-$2.79m
Earnings 7d-$763,892
Earnings 24h-$214,312
Cumulative Earnings-$24.54m
Market Cap$639.79m
$MORPHO Price$2
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.997b
$MORPHO Volume 24h$15.65m
CEX Volume$8.52m
DEX Volume$7.36m(47.01% of total)
Borrowed$3.202b
$MORPHO Liquidity$7.84m
Aerodrome Slipstream$3.82m
Uniswap V3$3.22m
Uniswap V3$799,436
Treasury$62.53m
Majors$113.11
Stablecoins$100
Own Tokens$62.53m
Others$2.45
Morpho (MORPHO)
Total Value Locked$6.01b
TVL by Chain
Ethereum$3.422b
Base$1.599b
Hyperliquid L1$427.31m
Katana$212.27m
Unichain$132.35m
Polygon$86.61m
World Chain$59.71m
Plume Mainnet$41.77m
TAC$10.07m
Corn$8.93m
Lisk$7.99m
OP Mainnet$2.36m
Arbitrum$28,081
Fraxtal$1,026
Sonic$65.51
Scroll$32.76
Ink$2.41
Soneium$0
Zircuit$0
Flame$0
Hemi$0
Mode$0
Key Metrics
Fees (Annualized)$129.49m
Fees 30d$10.61m
Fees 7d$3.24m
Fees 24h$473,952
Cumulative Fees$118.77m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$0
Incentives (Annualized)$33.98m
Incentives 30d$2.79m
Incentives 7d$763,892
Incentives 24h$214,312
Cumulative Incentives$24.54m
Earnings (Annualized)-$33.98m
Earnings 30d-$2.79m
Earnings 7d-$763,892
Earnings 24h-$214,312
Cumulative Earnings-$24.54m
Market Cap$639.79m
$MORPHO Price$2
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.997b
$MORPHO Volume 24h$15.65m
CEX Volume$8.52m
DEX Volume$7.36m(47.01% of total)
Borrowed$3.202b
$MORPHO Liquidity$7.84m
Aerodrome Slipstream$3.82m
Uniswap V3$3.22m
Uniswap V3$799,436
Treasury$62.53m
Majors$113.11
Stablecoins$100
Own Tokens$62.53m
Others$2.45
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 (a month ago)
Income Statement for Morpho
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|
| Fees | $9.94m | $22.89m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Incentives | $2.56m | $6.54m | $10.9m | $4.54m | $0 | $0 | $0 |
| Earnings | -$2.56m | -$6.54m | -$10.9m | -$4.54m | $0 | $0 | $0 |