Market cap
$821.4M
0.87 %
Volume (24h)
$7.89M
0.87 %
Circulating supply
338,801,056 MORPHO
Total supply
999,999,999 MORPHO
Max. supply
1,000,000,000 MORPHO
Morpho Network (MORPHO)
$ 2.42
0.87 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$821.4M
Volume 24h$7.89M
Circulating supply338.8M34% of max 1B
Morpho Network (MORPHO) is the governance token of Morpho, a decentralized lending protocol built on Ethereum. In simple terms, Morpho lets users lend and borrow crypto assets directly through isolated lending markets instead of one big shared pool, which aims to reduce risk and improve efficiency. The MORPHO token gives holders a say in how the protocol evolves and how its parameters are set.
Frequently asked questions
What is Morpho and how is it different from other lending protocols?
Morpho is a decentralized lending protocol that uses isolated, immutable markets rather than a single shared pool like older protocols such as Aave or Compound. Each market has its own collateral, loan asset, and risk parameters, so a problem in one market doesn't spill over into others. The code is immutable, meaning no one can unilaterally change the rules once a market is deployed.
How does Morpho work technically?
Morpho runs on Ethereum as a set of smart contracts that match lenders and borrowers within individual markets. Interest rates are set by each market's creator based on supply and demand curves, and loans are overcollateralized to protect lenders. The protocol itself doesn't take custody of funds in a centralized way — everything is enforced by the contracts.
How is the MORPHO token issued and distributed?
MORPHO is an ERC-20 governance token with a fixed maximum supply, so no new tokens can be minted beyond that cap. A significant portion of the supply was allocated to the community and users of the protocol, with the rest reserved for the team, investors, and the Morpho Association to support development. Governance decisions can also direct fee switches and other protocol changes.
How can I store and use MORPHO?
Since MORPHO is an ERC-20 token on Ethereum, you can store it in any wallet that supports Ethereum, such as MetaMask, Rabby, or a hardware wallet like Ledger. Beyond holding it, you can delegate your voting power to participate in governance, or use it across DeFi platforms where it's supported. Always double-check the contract address before interacting with the token to avoid fakes.