Morpho is software, not run by any single company, that lets people lend and borrow crypto assets across several blockchains. Its pages make no dated promises we could check. It trades at $2.13, #56 of all coins by size, 49% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #2 of 16 lending/borrowing protocols. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: lending and borrowing
- ✓Real backingBacking: backed by Coinbase Ventures; trades on Coinbase, Crypto.com, Kraken; worth $1.47B
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Backed by Coinbase Ventures and 1 more
- Origin24 November 2024about about 22 monthsmorpho.org, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingCoinbase Ventures, Pantera CapitalInvestor tags from CoinGeckoListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet58 headlines last month, 3 about government22,321 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Lending/Borrowing Protocols ($51M). To match the leader, Aave ($1.95B), its price would need to rise 33%, to about $2.83.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Lending and borrowing
39 coins tagged Lending/Borrowing Protocols, worth $4.84B together. #2 of 39 by worth.
Lending/Borrowing Protocols: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Morpho$1.47Bthis coin−4.2%69% outnone dated
Aave$1.95B1.3× bigger, +$482.32M+0.2%, gap +4.396% outno record
Olympus$301.26M4.9× smaller, −$1.17B−0.9%, gap +3.3no maxnone dated
Maple Finance$242.3M6.1× smaller, −$1.23B−4.0%, gap +0.2no max0 of 1 delivered
Compound$191.14M7.7× smaller, −$1.28B−2.9%, gap +1.3100% outnone dated
Kamino$137.37M10.7× smaller, −$1.33B−0.2%, gap +4.055% out0 of 1 delivered
Cap$94.28M15.6× smaller, −$1.38B+25.3%, gap +29.416% out3 of 10 delivered
Spark$60.53M24.3× smaller, −$1.41B−3.0%, gap +1.233% outno record
Lending/Borrowing Protocols: this coin next to Aave, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Morpho says
- Morpho is software, not run by any single company, that lets people lend and borrow crypto assets across several blockchains.
- Aave says
- Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Morpho is software, not run by any single company, that lets people lend and borrow crypto assets across several blockchains.
Its listing puts it this way: 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.
Problem it says it solves: lending and borrowing. 39 coins are working on it and together they are worth $4,841,364,013. This coin is 30% of that.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $4.17 on 17 January 2025. Today is 51% of that.
69%
of all MORPHO that will ever exist is already out in public hands: 689.13M coins.
31% (310.87M coins) is already created but not in public hands, held by the project or locked in escrow. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
A share of the app's fees or votes
Apps like this usually pay holders from fees or give them a vote. Check which.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 689.13M of 1B.
- 310.87Mcoins still to be released, 31% of the maximum. Releases can add selling pressure.
- 1.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $4.17 on 17 January 2025. That is −48.8% from the top.
- #56by market cap, $1,470,690,907.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $9.96B is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
58 headlines named this coin in the last month.
What they were about
- Price10
- Upgrade6
- Stablecoin5
- Treasury3
- Unlock1
- Partnership1
- Tokenization1
- Regulation1
- Zama expands confidential Morpho lineup after first vault hits $40 million, launches private swaps on EthereumUpcoming
- Why Apollo's $938B Asset Empire Is Buying Into a DeFi Lending Protocol
- Morpho Token Defies The Downturn With A Sharp 7.5% Daily Pop
- Morpho Price Stalls Near $1.94 After Record Exchange Withdrawals
- Morpho Token Defies The Downturn With A Sharp 7.5% Daily Pop
- Morpho Protocol Adds Japanese Yen Stablecoin JPYC To DeFi Lending Markets
- Why Apollo's $938B Asset Empire Is Buying Into a DeFi Lending Protocol
- Morpho Price Stalls Near $1.94 After Record Exchange Withdrawals
- Base lending loans hit record $2.75 billion as Morpho and Aave lead
- Why Apollo's $938B Asset Empire Is Buying Into a DeFi Lending Protocol
- Morpho Protocol Adds Japanese Yen Stablecoin JPYC To DeFi Lending Markets
- Aerie Capital launches Morpho lending market on Ethereum for Plume vault token collateral useUpcoming
- Base deposits on Morpho top Ethereum, Blockworks co-founder says
- Morpho (MORPHO) Drops 3.99% in Post-Rally Retrace
- RedStone Price Data Unlocks oTFY Collateral Turning Obligate’s Asset Into Morpho-Ready Credit
- Coinbase Expands USDC Stablecoin Rewards via Morpho Onchain Lending to Brazil
- Coinbase expands Morpho-powered USDC lending to Brazil
- Coinbase Expands USDC Stablecoin Rewards via Morpho Onchain Lending to Brazil
- Coinbase Expands USDC Stablecoin Rewards via Morpho Onchain Lending to Brazil
- Coinbase and Morpho bring USDC earning to Brazil
- NIGHT Token Surges on Morpho Midnight Launch and Vault Allocation
- Morpho (MORPHO) Drops 3.16% Amid Profit Taking and Technical Selling
- Morpho: Midnight Fixed-Rate, Fixed-Term Markets Go Live on Ethereum - 08 Sep 2026
- Morpho Expands Fixed-Rate Midnight Markets to Ethereum
- Morpho Token Defies The Downturn With A Sharp 7.5% Daily Pop
- Midnight (NIGHT) Surges 3.1% on Morpho DAO Catalyst
- Why Apollo's $938B Asset Empire Is Buying Into a DeFi Lending Protocol
- Midnight (NIGHT) Surges 7.21% on Morpho DAO Integration
- Morpho Expands Capabilities, Now Runs on Robinhood Chain
- Aave and Morpho Lead DeFi Growth
- MORPHO Price Eyes $3 as Total Deposits Hit $14B
- MORPHO Price Eyes $3 as Total Deposits Hit $14B
- Stable Launches USDT Yield Product StableEarn on MorphoUpcoming
- Bitwise Launches PAPY RWA Lending Vault on MorphoUpcoming
- Morpho (MORPHO) Surges 3% on Record Lending, New Vaults
- Morpho’s outstanding loans hit $5 billion record, closing the gap on Aave
- Morpho Surges 4.59% Amid DeFi Lending Growth and Social Attention
- Morpho: MORPHO becomes available on Robinhood Crypto - 27 Aug 2026
- Morpho Surges 3.49% on Robinhood Listing, DeFi News
- ETH news: A 3% token move just triggered $36 million in Ethereum DeFi liquidations
58 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Morpho is software, not run by any single company, that lets people lend and borrow crypto assets across several blockchains.
“Protocol or collectively the Protocols means the set of decentralized, immutable, permissionless, and non-custodial liquidity protocols developed by the Morpho Association and other members of the Morpho community, and deployed on various blockchains as determined by the Morpho DAO.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in lending protocols: Cap 3 of 10, XRP 2 of 3, Fluid 0 of 7, Kamino 0 of 1, and 3 more.No public code repository is listed in this record.
The project's terms page last changed on 11 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.