Morpho (MORPHO) — price, market cap and strength versus Bitcoin
Bottom line
Morpho trades at $2.31 with a market capitalisation of $1.3B (rank 60). Over 90 days it is +6.3% against Bitcoin and has no 200-day average on file. Lending as a theme is +15.3% against Bitcoin over 13 weeks. Price readings run through 2026-08-21.
Price
$2.32
as of 2026-08-21
Market cap
$1.3B
snapshot 2026-07-04
RS vs Bitcoin · 90d
+6.4%
as of 2026-08-21
30-day median volume
$896.2K
as of 2026-08-21
01 · the tape, against its benchmark
How has Morpho moved against Bitcoin?
Morpho's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 49%. Its deepest fall from a high inside the last 90 days is 26%.
MORPHO · rebasedBitcoinLending · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Morpho's returns and risk look like?
7 days+19%
30 days+21%
90 days+3.4%
180 days—
1 year—
30-day volatility49% annualised
Deepest 90-day fall26%
200-day average—
50-day average$2.01
03 · what the protocol actually earns
Does Morpho generate fees or revenue?
No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Morpho, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.
No protocol economics are published for Morpho: No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Morpho, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.
04 · exact additive research priority
What does the evidence say about Morpho?
Morpho scores 53.5 out of 100 inside Lending, ranked 6 of 11 rated coins on 43% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
Morpho · MORPHO
53.5/100 · Illiquid · research only · 43% evidence · rank 6 of 11 rated Lending coins
Exact sum: 22.2 + 15.0 + 10.0 + 6.3 = 53.5
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
22.2/35Market leadership
RS-BTC 6.3 pp · RS-sector 14.1 pp · 200-DMA —
80% evidence
15.0/30Network & economic traction
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
6.3/15Liquidity & downside risk
30d median volume $896,201 · vol 48.6%
100% evidence
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all — only a dated current snapshot — so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Morpho compare with other Lending coins?
Morpho is one of 14 Lending coins here, 11 of which carry enough evidence to be rated and ranked. Morpho ranks 6 of those 11 on 43% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Lending scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Lending page.
Methodology · boundaries make the answer useful
What can make this page misleading?
This page names 5 ways its own evidence about Morpho can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-08-21; market capitalisation is a separate snapshot dated 2026-07-04.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsThrough 2026-08-21, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 6 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Morpho (MORPHO)?
Morpho is a Lending cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with no protocol activity data published for it. It is one of 14 Lending coins on this site. Readings are as of 2026-08-21.
What is the market cap of Morpho?
Morpho's market capitalisation is $1.3B, ranking it 60 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.
Is Morpho beating Bitcoin?
Morpho is +6.3% against Bitcoin over 90 days, and its own theme, Lending, is +15.3% over 13 weeks. It trades with no 200-day average available as of 2026-08-21.
Does Morpho have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Morpho's research score?
53.5/100 within Lending, ranked 6 of 11 rated Lending coins, on 43% evidence: 22.2 + 15.0 + 10.0 + 6.3 = 53.5. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.
How much Morpho history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Morpho actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.