$MORPHO: Outperforms with Explosive Growth Ahead of v2
- One of the few majors in line with the +10% market rally over 24H, but a clear leader with +30% returns over the last 7D. Trading at an FDV of $2.7B, up ≈94% since last coverage.
- TVL grown to $7B (+59% since last coverage), with deposits at $10.5B and loans at $3.6B.
- Generating a fees of $16.4M in the last 30D vs $8.5M at last coverage; annualized run rate >$190M.
- Stablecoins and RWA collateral lead, boosted by Pendle PT/LP integrations, Hyperithm vault adoption, and Centrifuge tokenized treasuries.
- Integrations: Coinbase Stablecoin Fund placement, Gemini wallet launch, Bitpanda and LemonApp retail access, Worldcoin onboarding 500k+ users.
- Ecosystem Growth: OlympusDAO sUSDS vault live, DeFi composability expanding with Pendle and Resolv, RWA liquidity rails on Coinbase DEX and AerodromeFi.
- Forward: Morpho v2 launch imminent, fixed rate, institutional grade lending, cross chain expansion, and new primitives expected to scale far beyond current paradigm.
@MorphoLabs
1/ $MORPHO (@MorphoLabs) | $1.4B FDV (-7%/30D)
Morpho is a modular lending protocol supporting fixed-rate and crypto-backed loans across DeFi ecosystems.
Developments:
- Partnered with @TenorFinance for Morpho V2 fixed-rate lending.
- Launched mRe7YIELD collateral with @Re7Labs.
- Introduced embedded loans via @gelatonetwork.
- Grew loan from $100M to $300M in a month.
- Reached $0.5B+ in Bitcoin-backed loan collateral.
- Expanded Morpho Mini App on @worldcoin
Metrics:
- Total Deposits: $6.5B (+25% 30d, +51% 60d).
- Active Loans: $2.3B (+21% 30d, +53% 60d).
- TVL: $4.4B (+33% 30d, +63% 60d).
- Fees: $8.5M in June (+12% 30d, +21% 60d).
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