What is Morpho?
MORPHOMorpho is a lending protocol for building isolated lending markets and vaults.
The tokenMORPHO is the governance token of the Morpho DAO.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 1,000.0 million MORPHO
- Total supply
- 1,000.0 million MORPHOin existence, locked or not
- Maximum supply
- None fixedno fixed maximum
- Issued or unlocked
- 99.8%outside the project's own wallets, of the tokens not burned
- Held in the project's disclosed wallets
- 0.2%1.889 million MORPHO
- Burned
- 7.180 MORPHOsent to addresses that can never spend
- Unlocks, next 30 days
- 9.000 million MORPHOfrom the disclosed schedule our unlock calendar follows
- Unlocks, next 12 months
- 109.5 million MORPHOschedule ends 21 Nov 2027
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- +9.7%daily closes
- Volatility, past year
- 86%annualised, daily log returns
- Deepest fall from a peak, past year
- −50.3%daily closes
- Below its all-time high
- −47.9%high of $3.92 on 18 Jan 2025
- Correlation with bitcoin
- 0.52daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.02its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Scheduled unlocks
109.5 million MORPHO unlock over the next 12 months, 11.0% of today's circulating supply.
- Price swings
Its daily moves were 2.0x as large as bitcoin's over the past year (volatility 86% against 44%).
Questions
What is Morpho?
Morpho is a lending protocol for building isolated lending markets and vaults.
What is MORPHO used for?
MORPHO is the governance token of the Morpho DAO.
Is Morpho's supply capped?
No fixed maximum (no fixed maximum); the total supply today is 1,000.0 million MORPHO.
Where is Morpho traded?
On 9 of the 11 exchanges we read: 7 list spot pairs against the dollar or a dollar stablecoin and 9 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update