MORP
Morpho
MORPHO ✓ VerifiedPrice
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We read this asset as:Cash-flow lensFees accrue to token holders — read via P/F, P/S and premium.
Verdict
Fee data building
As of 2026-06-30 · latest · 30-day annualized
Premium (peer percentile · 0 explained → 100 unexplained)
Premium — building
Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
A modular, immutable lending primitive (Morpho Blue) plus Vaults. The fee switch is OFF → direct accrual to token holders is 0 (reserve_only).
5Official links & addresses
Morpho Blue (immutable singleton)0xBBBBBbbBBb9cC5e90e3b3Af64bdAF62C37EEFFCb ✅ no admin keys
MORPHO Token0x58D97B57BB95320F9a05dC918Aef65434969c2B2 ✅
MORPHO legacy (non-transferable)0x9994E35Db50125E0DF82e4c2dde62496CE330999 ✅ 1:1 wrap
DAO treasury no single confirmed address is published (Morpho DAO limited scope)
Trust official addresses only — beware impersonator tokens
Share this asset
6Market · supply
no garnish data (not fetched)
Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
13News · narrative · timeline
2022.06V0 'Optimizer' (P2P over Aave/Compound)
2024Morpho Blue (immutable markets) + MetaMorpho Vaults
2024.11.21MORPHO transferability enabled
2025V2 (intent, fixed-rate) + Vaults V2
14Peer comparison
Cash-flow metrics do not apply under this lens.
15Risk · quality
Audit25+ audits (OpenZeppelin, Spearbit, ChainSecurity, Certora, Zellic, etc.). Vaults V2: Spearbit, ChainSecurity, Zellic + a Cantina competition. ✅
Exploit history2025.04 app front-end ~$2.6M — front-end only, no smart-contract involvement. A white hat intercepted and returned it; net loss 0.
Centralization notesMorpho Blue is an immutable singleton — no admin keys (not upgradeable). DAO scope is limited. For Vaults, curator (risk-manager) trust is the key risk.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.