Morpho price
in EUR€1.691
-- (--)
EUR
Market cap
€883.56M
Circulating supply
522.48M / 1B
All-time high
€4.333
24h volume
€61.02M
Rating
3.8 / 5


About Morpho
MORPHO is a cryptocurrency designed to optimize decentralized lending and borrowing in the DeFi ecosystem. By integrating directly with leading protocols like Aave and Compound, MORPHO enhances user experience by offering more competitive interest rates and seamless access to liquidity. It acts as a bridge between peer-to-peer and pool-based lending, ensuring higher efficiency and better returns for participants. This coin is particularly relevant for users seeking to maximize their yield while minimizing risk through curated vaults and smart contracts. MORPHO empowers investors and institutions to leverage DeFi opportunities safely and effectively, making it an essential asset for anyone exploring decentralized finance.
AI insights
Morpho’s price performance
Past year
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--
3 months
-3.20%
€1.75
30 days
-0.43%
€1.70
7 days
+17.76%
€1.44
Morpho in the news
The Ethereum Foundation disclosed on Wednesday that it had deposited 2,400 ETH and approximately $6...
The bank’s regulated stablecoins EURCV and USDCV will be used in DeFi lending and trading.
The feature lets Coinbase users earn yield on USDC deposits while powering the platform’s crypto-backed loan market.
Morpho on socials

Theo Pendle YT vs Morpho Leverage
[Conclusion]
For short-term points, YT is more efficient,
but for points per dollar, Morpho leverage is better.
[Pendle thBILL YT]
thBILL YT gives 2394 Theo Points until the Nov 27th maturity date for $1.
However, the principal becomes $0 at maturity, with approximately $0.18 in yield accrued by then.
Thus, acquiring 2394 Points for $0.82 loss
an efficiency of roughly 2919 Points / $
[Morpho Leverage]
For Morpho leverage, spinning 10 rounds at LTV 94% with $1 provides roughly 8.2x leverage.
Considering the current borrow yield of 7.05%, you'll pay about 2.7% of the principal = $0.027 in interest by Nov 27th.
And you can earn a total of 344 Theo Points.
In other words, earning 344 points for $0.027
loss, an efficiency of approximately 12,740 Points / $
[Profit Comparison]
‘Assuming Theo Airdrop value at 14% APR’
= FDV $331M / 5% Airdrop basis
YT purchase: 82.1% loss, 87.3% profit
= Total expected ROI 5.2%
Morpho leverage: 2.7% loss, 12.5% profit
= Total expected ROI 9.8%
However, if FDV and airdrop percentage increase here, Pendle becomes significantly more advantageous.
For example, with FDV $660M / 10% airdrop,
the average APR could be set at 56%,
then
Pendle YT would yield ROI 267%
Morpho leverage would yield ROI 40%.
This... I should at least go grab some YT while I can.
However, if TVL increases or TGE extends, the yield naturally decreases.
#NFA #DYOR
@Theo_Network


Paguinfo Ⓜ️Ⓜ️T
Theo FDV Projection
Theo is currently an RWA protocol using U.S. Treasury Bills (T-Bills) as its revenue source.
While it plans to handle various RWA assets beyond government bonds, we've projected its FDV based on T-Bills for comparison with other projects at this stage.
[Comparison Based on Investment Funds]
The T-Bill RWA projects include Ondo, Usual, and the recently listed OpenEden.
Expectations for the RWA sector are high.
While Ondo had a high FDV at its TGE,
it has continued to rise, currently reaching $8B. Consequently, Usual and OpenEden also formed very high initial FDVs.
Therefore, the average FDV at TGE for these three projects is calculated as $2.5B.
Even excluding OpenEden due to recent frenzy, it still calculates to $1B.
[Comparison by TVL]
By TVL, it feels a bit more subdued.
Based on TGE, it calculates to approximately $330M.
Theo's Variation
Theo's current TVL is $117M.
Theo's full-scale staking began this August after converting to T-Bills. Since it uses a points-per-dollar system rather than an epoch-based one,
points inflation is also expected to be low.
From this perspective, even if only 5% of $330M is airdropped,
it amounts to $16.5M, yielding roughly a 14% ROI.
The APR will likely vary depending on deposit duration and strategy (Yield Farming, Lending leverage).
Even considering just the 14% APR, it shows quite decent YF/Leverage efficiency alongside the base rate.
I'll cover this in more detail in a future post.


Theo Pendle YT vs Morpho Windmill
[Conclusion]
In the short term, YT efficiency is good, but per dollar points, Morpho Windmill is better.
[Pendle thBILL YT]
thBILL YT gives 2394 Theo Points for a $1 purchase until maturity on November 27.
However, at maturity, the principal becomes $0, and the interest until then will be about $0.18.
In other words, you get 2394 Points for $0.82,
so the efficiency is about 2919 Points / $
[Morpho Windmill]
In the case of Morpho Windmill, if you rotate 10 times with an LTV of 94% for $1, it results in about 8.2 times leverage.
Considering the current loan interest of 7.05%, you will pay about 2.7% of the principal = $0.027 in interest until November 27.
And you can earn a total of 344 Theo Points.
In other words, you get 344 points for $0.027,
so the efficiency is about 12740 Points / $
[Profit Comparison]
'If we assume the value of the Theo airdrop at 14% APR'
= FDV $331M / 5% airdrop basis
With YT purchase, 82.1% Loss, 87.3% profit
= Total ROI expected at 5.2%
With Morpho Windmill, 2.7% Loss, 12.5% profit
= Total ROI expected at 9.8%
However, if the FDV and airdrop percentage increase, Pendle will become significantly advantageous.
For example, if FDV is $660M / 10% airdrop,
we can assume an average APR of 56%,
then
Pendle YT will have ROI of 267%
Morpho Windmill will have ROI of 40%.
I guess... I should at least try YT for now.
However, if the TVL increases or the TGE is prolonged, the yield will naturally decrease.
#NFA #DYOR please.


Paguinfo Ⓜ️Ⓜ️T
Theo FDV Estimate
Theo is currently an RWA protocol that uses T-Bills, which are U.S. Treasury bonds, as its source of income. Of course, it is said that various RWA assets will be handled in addition to government bonds, but for now, I have estimated the FDV based on T-Bills compared to other projects.
[Investment Amount Comparison]
Currently, the T-Bill RWA projects include Ondo, Usual, and the recently listed OpenEden.
Expectations for the RWA sector are high, and particularly, Ondo had a high FDV at the time of TGE, which has continued to rise, reaching $8B now. This has led to Usual and OpenEden also forming very high initial FDVs.
Therefore, the average FDV for these three projects is calculated to be $2.5B at TGE. Even excluding OpenEden due to the recent frenzy, it is calculated to be $1B.
[TVL Comparison]
In terms of TVL, it feels a bit calmer. Based on TGE, it is calculated to be about $330M.
[Changes in the Situation]
Theo's current TVL is $117M. The transition to T-Bills and the full-scale staking began this August, and since it is a point system per dollar rather than an Epoch system, point inflation is also expected to be low.
From this perspective, even if only 5% of $330M is airdropped, it results in $16.5M, which yields about 14% ROI.
The APR will likely vary depending on the staking duration and strategy (YT, windmill, etc.).
Even looking at just the 14% APR, it shows quite a decent YT/windmill efficiency along with the base interest rate. I will summarize this in the next post.
A couple of disappointing points are:
1. The lack of separation between $1 pegged assets and interest-accumulating assets (Yield Bearing Assets), resulting in a low internal interest rate.
2. Not adopting a strategy to secure liquidity and boost TVL through Pendle by differentiating points for DEX LP and Pendle YT/LP.
That's about it.

Guides
Find out how to buy Morpho
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Predict Morpho’s prices
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View Morpho’s price history
Track your Morpho’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.

Morpho on OKX Learn
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Morpho FAQ
Currently, one Morpho is worth €1.691. For answers and insight into Morpho's price action, you're in the right place. Explore the latest Morpho charts and trade responsibly with OKX.
Cryptocurrencies, such as Morpho, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Morpho have been created as well.
Check out our Morpho price prediction page to forecast future prices and determine your price targets.
Dive deeper into Morpho
Morpho is a decentralised protocol on Ethereum enabling the overcollateralised lending and borrowing of crypto assets (ERC20 and ERC4626 tokens) on the Ethereum Virtual Machine (EVM).
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
€883.56M
Circulating supply
522.48M / 1B
All-time high
€4.333
24h volume
€61.02M
Rating
3.8 / 5

