Morpho (MORPHO)
Total Value Locked$9.11b
TVL by Chain
borrowed$3.221b
Ethereum$2.61b
Base$2.074b
Hyperliquid L1$460.87m
Katana$302.69m
Arbitrum$123.06m
Stable$100.03m
Monad$49.21m
Unichain$39.8m
World Chain$36.7m
OP Mainnet$33.03m
Polygon$26.65m
Plume Mainnet$15m
Sei$3.43m
Etherlink$3.28m
Lisk$3.04m
Botanix$2.78m
Soneium$2.11m
Hemi$1.84m
TAC$836,253
Corn$16,160
Scroll$1,542
Fraxtal$874
Sonic$83
BSC$23
Ink$1
Mode$0
Zircuit$0
Gnosis$0
Abstract$0
Bitlayer$0
Key Metrics
Fees (Annualized)$215.62m
Fees 30d$17.67m
Fees 7d$2.72m
Fees 24h$377,147
Cumulative Fees$216.43m
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)$12m
Incentives 30d$983,495
Incentives 7d$115,164
Incentives 24h$14,514
Cumulative Incentives$36.36m
Earnings (Annualized)-$12m
Earnings 30d-$983,495
Earnings 7d-$115,164
Earnings 24h-$14,514
Cumulative Earnings-$36.36m
Market Cap$618.92m
$MORPHO Price$1.15
All Time High$4.17
All Time Low$0.71
Fully Diluted Valuation$1.146b
$MORPHO Volume 24h$12.95m
CEX Volume$9.03m
DEX Volume$3.78m(29.19% of total)
Borrowed$3.221b
$MORPHO Liquidity$6.54m
Aerodrome Slipstream$3.24m
Uniswap V3$1.87m
Uniswap V3$1.34m
Aerodrome V1$91,302
Treasury$25.91m
Majors$93.6
Stablecoins$100.02
Own Tokens$25.89m
Others$15,856
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 | $53.5m | $53.8m | $23.18m | $41.3m | $21.72m | $6.38m | $15.38m | $1.16m |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Incentives | $3.97m | $4.79m | $3.04m | $12.94m | $11.62m | $0 | $0 | $0 |
| Earnings | -$3.97m | -$4.79m | -$3.04m | -$12.94m | -$11.62m | $0 | $0 | $0 |
| Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |