Morpho Token MORPHO

Base ·

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.

Current price$2.31+1.40% · 24h
Circulating market cap$1.59B
Fully diluted valuation$69.16M
Total token liquidity$2.06M
24h volume$2.51M
Holder address count146.27KAddress count, not unique users
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How to read the current market

Read 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

Buy volume$1.21M
Sell volume$1.3M
Buy–sell volume difference-$90.55K
Buy volume share48.20%
Selected windowBuySell
Trade count4,2964,702
Unique address count670876

The difference is buy volume minus sell volume, not net capital inflow. Addresses are deduplicated within each side; one address may appear on both.