Morpho

ProjectWatch25

Decentralized lending-borrowing protocol

ethereumbasesoniccelohemiDeFiLendingDeFi

About

Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. Lenders can earn on Morpho using Morpho Vaults, noncustodial simple to use lending vaults that optimize yields for depositors. Borrowers can borrow any assets directly from Morpho Markets. At the same time, developers or businesses can create markets, curate vaults, and build a range of applications on its flexible, permissionless infrastructure. Morpho is really trustless, with immutable contracts, and governance minimized operations allowed by its simplicity. Morpho is efficient, it provides higher collateralization factors with its isolated lending markets, Improved interest rates and low gas consumption. Morpho is flexible with its permissionless market creation, permissionless risk management and has been designed to be developer-friendly.

MORPHO/USDT

No chart data available

TVL

$7.44B

Source: DefiLlama

Founded

2021 · 5y

History

2026

May 27, 2026news

Morpho Midnight Launches Fixed-Rate Lending That Keeps Lender Capital Productive

@delphi_digital

Source →

May 26, 2026news

StableEarn Vault Launches on Morpho, Curated by Gauntlet

@CookerFlips

Source →

2024

Jul 31, 2024funding

Funding Round

$50.00M

$50.00M · Andreessen Horowitz, Pantera Capital, Variant Fund

Jun 11, 2024token launchmajor

MORPHO Token Launch and DAO Formation

Apr 23, 2024chain expansionmajor

Morpho Blue Expands to Arbitrum

Feb 28, 2024chain expansionmajor

Morpho Blue Expands to Base

Jan 8, 2024protocol upgrademajor

Morpho Blue Launch on Ethereum

2022

Jul 11, 2022funding

Seed Round

$18.00M

2021

Jun 17, 2021protocol upgrademajor

Morpho Optimizer Launch on Ethereum

Jan 1, 2021founded

Founded

Recent News

Morpho Midnight Launches Fixed-Rate Lending That Keeps Lender Capital Productive

@delphi_digitalMay 27, 2026

Now live on Phoenix: $ONDO - 10x leverage ethereum:0x163f8c2467924be0ae7b5347228cabf260318753 - 10x leverage $MORPHO - 5x leverage $RENDER - 5x leverage $FET - 5x leverage $VIRTUAL - 5x leverage http://phoenix.trade

@phoenixtradeMay 26, 2026

⚡️ JUST IN: Stable launches StableEarn, an institutional-grade yield product built with Morpho, Theo, and Gauntlet, starting with a new vault on Morpho. https://t.co/ZIOQBnizf7

@CointelegraphMay 26, 2026

StableEarn Vault Launches on Morpho, Curated by Gauntlet

@CookerFlipsMay 26, 2026

🤖 Base launches MCP, enabling AI agents to connect to accounts and execute onchain actions via chat. Users can swap, transfer, and track portfolios. Launch plugins include Morpho, Moonwell, Aerodrome, and Uniswap. 📲 All transactions require explicit user approval. https://t.co/JJPafNi6u1

@BitcoinNewsMay 26, 2026

Fixed-rate lending is the foundation of every real credit market, but DeFi has yet to produce one at scale. Lenders have to commit capital before a borrower exists, and many don't show up because that capital sits idle while they wait. Morpho Midnight changes that by keeping capital productive dur

@Delphi_DigitalMay 26, 2026