MorphoMORPHO#57D rating

Ethereum Mainnet

Decentralized lending-borrowing protocol

$1.94
↑ +$0.01088 · +0.56% (24H)
Market Cap$1.27B0.05% share
FDV$1.94B1B max
24H Volume$12.23M
Circulating Supply655.75M65.6% mined
ATH$4.17-53.58% from ATH
01

Price chart

Live
O $1.9H $1.92L $1.84C $1.94.16%
Volume · MORPHO 543.7
543.7
24H high$1.92
24H low$1.84
Open price$1.9
Amplitude4.16%
02

Market data

Market cap$1.27B
Fully diluted valuation$1.94B
24H volume$12.23M
7D volume$169.4M
Circulating supply655.75M
Max supply1B
Mined ratio65.57%
Next halving--
Market cap rank#57
Market share0.05%
All-time high$4.17
All-time low$0.7132

Price change (multiple periods)

1H+0.77%
24H+0.56%
7D-5.79%
14D-6.89%
30D+18.83%
90D+5.67%
YTD+78.95%
1Y+3.52%
04

Exchange distribution

1
MORPHO/USDTMORPHO / USDT
$2.01
$1.31M
10.92%
2
MORPHO/USDTMORPHO / USDT
$1.99
$1.03M
8.65%
3
MORPHO/USDTMORPHO / USDT
$1.88
$947.09K
7.92%
4
MORPHO/USDTMORPHO / USDT
$2
$780.56K
6.53%
5
MORPHO/WETHMORPHO / WETH
$1.89
$703.13K
5.88%
6
MORPHO/USDTMORPHO / USDT
$1.85
$688.02K
5.75%
7
MORPHO/USDTMORPHO / USDT
$1.91
$613.04K
5.13%
8
MORPHO/USDMORPHO / USD
$1.96
$557.67K
4.66%
9
MORPHO/USDTMORPHO / USDT
$1.86
$433.78K
3.63%
10
MORPHO/USDTMORPHO / USDT
$1.98
$432.72K
3.62%
11
MORPHO/USDMORPHO / USD
$1.99
$383.6K
3.21%
12
MORPHO/USDTMORPHO / USDT
$1.9
$318.31K
2.66%
13
MORPHO/USDTMORPHO / USDT
$1.9
$308.12K
2.58%
14
MORPHO/USDTMORPHO / USDT
$1.87
$241.57K
2.02%
15
MORPHO/USDTMORPHO / USDT
$2.09
$240.33K
2.01%
16
MORPHO/TRYMORPHO / TRY
$1.91
$199.23K
1.67%
17
MORPHO/USDTMORPHO / USDT
$2
$195.84K
1.64%
18
MORPHO/USDTMORPHO / USDT
$1.9
$184.79K
1.55%
19
MORPHO/USDTMORPHO / USDT
$1.91
$183.23K
1.53%
20
MORPHO/USDTMORPHO / USDT
$1.88
$157.37K
1.32%
05

AI investment view

Based on historical content analysis

Bull case4

Protocol locked value surpassed $6.5 billionAs of June 2026, Morpho's locked value has exceeded $6.5 billion, holding a significant market share in decentralized lending.

Top-tier venture capital backing and large-scale financingA total of $68 million in financing, including from well-known institutions, has been raised, and recent financing news has further boosted market confidence.

Modular lending with high capital efficiencyIts unique peer-to-peer matching mechanism and permissionless lending primitive significantly improve users' fund utilization efficiency.

Ethereum and the Base ecosystem are developing in a mutually beneficial wayThe protocol operates actively on the Ethereum mainnet and mainstream Layer 2 networks, with a multi-chain layout continuously expanding its user base.

Source: local_market + project_profile + cryptorank + project_catalog + news

Bear case3

Tokenomics lack deflationary mechanismsCurrently, tokens are mainly used for governance and lack clear deflationary or staking dividend mechanisms, which may weaken their long-term holding appeal.

Agency contracts and potential security risksThe rating indicates security risks related to agency contracts and permissions, and caution is needed regarding potential financial losses caused by smart contract vulnerabilities.

Competition and compliance challenges in the lending sectorFacing fierce competition from established lending protocols, decentralized lending faces an uncertain regulatory environment.

Source: project_profile + token_rating + cryptorank
06

WOOFUN Rating

D

Overall score 27.8 / 100

Morpho has an overall rating Df D (total 25.93), ranking high in team governance, roadmap delivery, and economic model across six dimensions. The main point of deduction is safety compliance (0 points)—mainly affected by regulatory compliance (0 points), multiple-entry ratio (0 points), and other sub-items. Rating Team Conclusion: "Morpho has relative advantages in team governance, roadmap delivery, and economic modeling, but its current weaknesses are focused on security and compliance." " It is recommended to observe cautiously and not use it as a core configuration basis for now.

View Full Rating Report
Roadmap37.5 / 100F
Team53.4 / 100E-
Market34.9 / 100F
Tokenomics36.9 / 100F
Security0 / 100F
07

Peer comparison

DECENTRALIZED-FINANCE-DEFI peer assets
MetricMorphoThis coinHyperliquidHYPERainRAINChainlinkLINK
Current Price$1.94$54.2$0.0127$8.18
Market Cap$1.27B$12.06B$8.82B$6.12B
Market Cap Rank#57#10#14#19
24H Change+0.56%+3.94%-0.49%-1.21%
7D Change-5.79%-3.79%-1.34%+1.00%
Consensus--------
Max Supply1B1B1.15T1B
WOOFUN RatingD (27.79)--E+ (18.74)D+ (37.55)
ETF Status--------
08

News Updates

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