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MORPHO — Morpho
Brings lenders and borrowers together more directly than an ordinary lending machine and thereby saves the interest spread.
What it is for
- Set out to
- Better rates through direct matching of lender and borrower.
- Today in addition
- Its own isolated markets, curated vaults, fixed rates and terms, lending for Coinbase, Gemini and SG Forge.
- Notable
- The lending infrastructure behind the offerings of large custodians.
- Strength
- Demand through partners instead of its own interface.
- Weakness
- The risk sits with individual curators.
Contract address
Chain: Ethereum
0x58D97B57BB95320F9a05dC918Aef65434969c2B2
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
30of 93
Market capitalization
$1.31Bas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#34104numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | did not yet exist |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.7497764.76 satNovember 24, 2024 | $3.923,764 satJanuary 17, 2025 | in dollars +$3.17 (+422.7%)against Bitcoin +392.2%from $0.7497 on November 24, 2024 to $3.92 on January 17, 2025 | in dollars -$3.07 (-78.2%)against Bitcoin -73.0%from $3.92 on January 17, 2025 to $0.8536 on April 16, 2025 |
Only partly measured: reliable trading only from November 21, 2024. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2024: in dollars +256.3% (from $0.9747 to $3.47) · against Bitcoin +275.7% |
| 2025: in dollars -42.7% (from $3.35 to $1.92) · against Bitcoin -56.6% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $1.842,841 satAugust 7, 2026 | $2.913,740 satAugust 23, 2026 | in dollars +$1.06 (+57.7%)against Bitcoin +31.7%from $1.84 on August 7, 2026 to $2.91 on August 23, 2026 | in dollars -$0.8204 (-28.2%)against Bitcoin -26.2%from $2.91 on August 23, 2026 to $2.09 on September 15, 2026 |
| Year by year |
| 2026: in dollars +16.8% (from $1.89 to $2.21) · against Bitcoin -10.5% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure2 of 20
Starting valuation and size leverage6 of 14
Survivability0 of 12
Relative strength against Bitcoin4 of 6
11 of the twelve criteria collected individually, nothing extrapolated. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
For User growth per valuation it says “not determined” – that does not count.
The figures in detail
Price, as stored$2.53
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceNovember 2024
Age since listingnot researched
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked14 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
First listing November 21, 2024, that is 1.78 years and no cycle survived: zero points for criterion 3. The core contract of Morpho Blue is immutable, but a five-of-nine multisig also holds ownership of the token contract, without a time lock and without a guardian, and the token itself is an upgradeable proxy under ERC-1967. Neither staking nor a locking mechanism. In the two-percent band the Kraken book holds only ten bid levels totaling $6,233 — practically no book. Etherscan and CoinMarketCap differ markedly on the circulating supply; the checked CoinMarketCap retrieval is the one used.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.