Morpho MORPHO
Morpho leads in team governance and roadmap delivery, with security and compliance remaining the main focus, currently holding a D rating.
Rating updated 2026-08-06
D27.79 / 100
Sector Rank #542 · Global Rank #1111
Overall Rating
D · 27.79 / 100Roadmap Delivery
37.5
Tokenomics
36.92
Team Governance
53.37
Market Ecosystem
34.88
Security & Compliance
0
Overall Score
27.79
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.
Six-Dimension Rating Breakdown
Roadmap Delivery
35.5/100Roadmap On Time Delivery Rate?There is a lack of public near-term roadmaps and on-time data delivery.Weight 35%40 / 100 · 40 / 100
Last 4 upgrades achieved?There have been few recent technical upgrade activities, mainly business events.Weight 30%20 / 100 · 20 / 100
Milestones to Deliver?Lack of publicly available milestone information to be delivered.Weight 20%40 / 100 · 40 / 100
History Extension Record?Lack of public records of historical extensions.Weight 15%50 / 100 · 50 / 100
Technical Implementation
76.75/100Consensus Mechanism?As an L2 protocol, its security relies on the PoS mechanisms of Ethereum and Base.Weight 30%80 / 100 · 80 / 100
Main network years of operation?The mainnet has been running for a long time, accumulating some operational experience.Weight 15%70 / 100 · 70 / 100
Recent upgrades?The protocol code undergoes a security score audit and has a relatively high security score.Weight 35%75 / 100 · 75 / 100
Client Diversity?As an L2 protocol, its client diversity depends on the underlying chain.Weight 20%80 / 100 · 80 / 100
Tokenomics
35/100Deflationary Mechanism?The protocol has not explicitly designed a deflationary mechanism, so the logic of token demand is weak.Weight 30%0 / 100 · 0 / 100
Inflation rate?There are token unlock releases, but short-term selling pressure is low.Weight 25%60 / 100 · 60 / 100
Staking rate/position lock-up rate?Tokens lack clear staking or locking mechanisms.Weight 25%0 / 100 · 0 / 100
Supply Upper Limit?There is a clear supply cap and a fixed total amount.Weight 20%100 / 100 · 100 / 100
Team Governance
59/100Core Development Team?Core team members are publicly available and receive support from well-known VCs.Weight 30%60 / 100 · 60 / 100
Governance mechanisms?DAO governance is used, but the integrity and transparency scores are extremely low.Weight 25%20 / 100 · 20 / 100
Financial Transparency?Financing information is open and transparent, with ample capital reserves.Weight 25%80 / 100 · 80 / 100
Concentration of key people?The top ten tokens have low concentration in holdings, reducing the risk of key players.Weight 20%80 / 100 · 80 / 100
Market Ecosystem
27/100Active Address?The number of active addresses is relatively low, and user engagement needs improvement.Weight 30%25 / 100 · 25 / 100
Ecological chain/L2 quantity?It has been deployed on multiple mainstream chains, but overall ecosystem activity is not high.Weight 25%40 / 100 · 40 / 100
DeFi TVL?TVL is large, but capital utilization efficiency (transaction volume/TVL) is relatively low.Weight 25%30 / 100 · 30 / 100
Developer community?GitHub data is missing, and developer activity metrics are low.Weight 20%10 / 100 · 10 / 100
Security & Compliance
0/100Historical Major Failure?There are risks of backdoor code and permission leaks, and frontend vulnerabilities have occurred.Weight 25%0 / 100 · 0 / 100
Regulatory Attitude?DeFi protocols face regulatory uncertainty and have extremely low compliance scores.Weight 30%0 / 100 · 0 / 100
Sec Attitude?The SEC takes a cautious stance toward DeFi protocols, raising potential regulatory risks.Weight 30%0 / 100 · 0 / 100
Client Bug Frequency?There is a lack of public data on client bug frequency and there are security red lines.Weight 15%0 / 100 · 0 / 100
D Peer Comparison
Export CSV| MorphoD · 27.79 |  VOOID · 33.28 |  ColonyD · 33.27 |  IMOD · 33.25 | |
|---|---|---|---|---|
| Overall Score | 27.79 | 33.28 | 33.27 | 33.25 |
| Roadmap Delivery | 37.5 | 37.5 | 11.25 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 36.92 | 0 | 3.58 | 29.52 |
| Team Governance | 53.37 | 95.96 | 86.63 | 44 |
| Market Ecosystem | 34.88 | 66.15 | 18.32 | 6.96 |
| Security & Compliance | 0 | 0 | 52.51 | 50.06 |
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