About
Morpho is a lending network whose minimal, immutable Morpho Blue primitive lets anyone create isolated lending markets, with curated MetaMorpho vaults aggregating liquidity. It crossed $10B TVL in late 2025, powered by integrations like Coinbase's USDC lending/borrowing and institutional vaults (e.g. Apollo). USDC supply APYs typically run 4-7% across vaults. Morpho has become the backend credit layer for fintechs and exchanges.
Key products
Chains
- Founded
- 2021
- HQ
- Paris, France
- Stage
- Token (MORPHO)
- Funding
- Raised ~$69M (a16z, Variant, Ribbit, Coinbase Ventures)
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