MORPHO is the governance token of Morpho, a lending protocol operating on Ethereum and Base. It is used to vote on protocol parameters, risk management decisions, and treasury allocations through stake-weighted voting mechanisms. Token holders can participate in governance to influence how the protocol manages collateralization requirements, liquidation thresholds, and the deployment of capital across lending markets.
0xbaa5cc21fd487b8fcc2f632f3f4e8d37262a0842Read price, trading volume and pools separately
24h change +1.40% · 24h volume $2.51M · Total token liquidity $2.06M
The chart above shows the selected pool; switching pools does not change token-level aggregate metrics.
Trading activity
Token aggregate · selected window · 24h · Amounts in USD
| Selected window | Buy | Sell |
|---|---|---|
| Trade count | 4,296 | 4,702 |
| Unique address count | 670 | 876 |
The difference is buy volume minus sell volume, not net capital inflow. Addresses are deduplicated within each side; one address may appear on both.

