Morpho
MORPHO
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Morpho price
in USD$1.703
-- (--)
USD
Last updated on --.
Market cap
$892.94M #51
Circulating supply
524.42M / 1B
All-time high
$5.052
24h volume
$39.32M
Rating
3.8 / 5
About Morpho
MORPHO is a cryptocurrency designed to optimize decentralized lending and borrowing in the DeFi ecosystem. By integrating directly with leading protocols like Aave and Compound, MORPHO enhances user experience by offering more competitive interest rates and seamless access to liquidity. It acts as a bridge between peer-to-peer and pool-based lending, ensuring higher efficiency and better returns for participants. This coin is particularly relevant for users seeking to maximize their yield while minimizing risk through curated vaults and smart contracts. MORPHO empowers investors and institutions to leverage DeFi opportunities safely and effectively, making it an essential asset for anyone exploring decentralized finance.
AI insights
Morpho’s price performance
Past year
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3 months
-14.78%
$2.00
30 days
-6.74%
$1.83
7 days
-11.09%
$1.92
Morpho on socials
dont understand the purpose of publishing such report as an analyst.
Top 3 protocols on Solana
JUP - down 82% from ATH
KNMO - down 75% from ATH
JTO - down 87% from ATH
Top 3 protocols on Base
MORPHO - down 59% from ATH
AAVE - down 69% from ATH
SPK - down 83% from ATH
so when you say underperform, are you comparing it to tradfi/gold? or what are your intentions exactly?
yes, i do own hype. i do appreciate good report and analysis, but something like this adds 0 value.
hyperliquid.
Patryk
HyperEVM tokens have underperformed.
To date, 7 HyperEVM-native DeFi protocols have airdropped tokens, including @HyperSwapX, @Upheavalfi, @Hyperwavefi, @KittenswapHype, @Hyperstable, @looping_col, and @HyBridgeHL.
When HyperEVM launched, many speculated on the attractiveness of airdrop opportunities. While these protocols have made outsized airdrop allocations consistent with the @HyperliquidX ethos, price action hasn't followed.
Each token has declined in price. While $HWAVE and $SWAP only recently launched, the prices of all other tokens have fallen by more than 60% after 20 days had lapsed post-TGE, with $KITTEN down 90.8% since its TGE.
The silver lining is that some of the most anticipated tokens are yet to TGE, including @kinetiq_xyz, @hyperbeat, @felixprotocol, and @hyperlendx.
However, the probability of $KNTQ launching at a valuation over $500M has plummeted from 91% to 27%, per @Polymarket.
The primary reason for this drop is the underperformance of HyperEVM tokens to date, and a subsequent tempering of expectations for HyperEVM’s leading protocols yet to TGE.
The outlook isn't rosy, but @HyperliquidX remains one of the most relevant protocols in the cryptosphere, and the narrative could shift in an instant if one of these projects experiences positive price action post-TGE.
All eyes are on @kinetiq_xyz, which I predict will be the first to drop a token amongst the aforementioned group.
Recently, there have been quite a few questions about DeFi. First, everyone needs to distinguish between what is permissionless and what is governed by protocol:
- Protocol-governed includes Aave, Spark, etc.
- Permissionless includes Morpho, Euler, etc.
In permissionless lending protocols, most designs have each Market managed by a Curator, and many projects can have their own Curator or stakeholders. So this is similar to a pool opened by the project team themselves.
For example, the most critical parameter, which collateral types are supported, is managed by the Curator, and there is no endorsement from the lending platform. However, projects like Aave and Spark require that the assets of each Market go through a governance process, and if issues arise, the lending platform is likely to intervene.
Similar issues to xUSD, or when certain stablecoin projects have underlying problems, can lead to utilization soaring to 95%–100%, with the phenomenon of not repaying loans despite extremely high interest rates, because the collateral has lost its value, making it impossible to redeem it; no matter how high the interest, it remains just a number.
Permissionless lending is analogous to permissionless DEX; you trust Uniswap, but if you buy a Pi Xiu pool, Uniswap cannot manage it. Therefore, for lending protocols, the most critical parameter is the collateral, and behind high interest rates, there may be a hidden problem; knowing who the Curator is is also very important.
區塊先生 🐡 ⚠️ (rock #58)
🚨 It feels like something big is about to happen in DeFi (a strange vibe)
Especially as we see platforms like Compound, Lista, Silo, Morpho, Ethena Labs (USDe), Stream Finance (xUSD), and other similar Curator/borrowing platforms showing obvious lack of transparency and liquidity.
At the same time, the utilization rates of various lending assets have skyrocketed to levels of 95% to 100%, which actually means: if you want to withdraw or cash out → it may become difficult.
Currently, although there is no widespread panic, once panic spreads = bank run initiates → runs on the bank → a chain reaction begins.
In this cycle, the entire DeFi "Lego" model has become too intricate, with various protocols cross-referencing each other; if one link fails, all links fail. AAVE's volume has reached 60 billion USD, but the core assets underneath are looping at a very high rate.
A reminder to everyone: before chasing high yields and high utilization, be aware of the structural risks behind it.
⸻
🔍 Here are a few points worth highlighting:
• Stream Finance has announced a loss of about 93 million USD and has suspended deposits and withdrawals.
• At the same time, investigations have found that its exposure to lending/stablecoins exceeds 284 million USD, and the risks may spread to multiple protocols.
• Liquidity and structural issues with Compound, Silo, and major lending platforms.
Now is not the time to only look at "high interest rates" and "high utilization"; instead, ask yourself: "If I can't withdraw / if I can't mine / if the borrower collapses, how will this entire leverage/interconnected structure fall apart?"
The era of DeFi is indeed here, but the Lego is too chaotic, and the foundation is too fragile, which should alert all participants.🫡
After experiencing the panic of on-chain liquidity following the recent DeFi theft, Spark's stablecoin USDS+DAI has officially risen to the 3rd position, surpassing USDe, only behind USDT and USDC. During this period of rising risk, the market has voted with its feet, returning to Spark's over-collateralized stablecoin, which is the most traditional and safest model. Compared to last month, Sun Yuchen's on-chain financial assets have increased by 100 million USD to reach 1.4 billion, while Aave has dropped from 560 million to 160 million, and Morpho has decreased from 300 million to 250 million. Spark is the only protocol that has seen growth, and I have also moved my own on-chain financial assets to Spark for safety.
Spark's Q3 financial report is also impressive, with total revenue reaching 53 million USD. Since July, Spark and MakerDAO's financial settlements have been completely separated, so all this revenue is retained by Spark without needing to be handed over, laying the foundation for Spark's upcoming buybacks.
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Predict Morpho’s prices
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Morpho on OKX Learn
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Morpho FAQ
Currently, one Morpho is worth $1.703. For answers and insight into Morpho's price action, you're in the right place. Explore the latest Morpho charts and trade responsibly with OKX.
Cryptocurrencies, such as Morpho, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Morpho have been created as well.
Check out our Morpho price prediction page to forecast future prices and determine your price targets.
Dive deeper into Morpho
Morpho is a decentralised protocol on Ethereum enabling the overcollateralised lending and borrowing of crypto assets (ERC20 and ERC4626 tokens) on the Ethereum Virtual Machine (EVM).
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$892.94M #51
Circulating supply
524.42M / 1B
All-time high
$5.052
24h volume
$39.32M
Rating
3.8 / 5